​Alecta ramps up DB contributions by 16%, blaming longevity and yields

Posted On Sep 29 2020 by

first_imgOngoing contributions to the ITP 2 old age pension are going up by 16% on average, Alecta said, adding that nine percentage points of this related to the change in interest rates with the other seven points because of changed life expectancy assumptions.The increase in the contribution applied to newly-written plans and increases in benefit levels, Alecta said, as well as to a type of retirement pension that is agreed separately between employees and employers (avgångspensioner).But the contribution level for existing insurance benefits is guaranteed and, therefore, not affected by the decision, it said.The changes are to take effect on 1 March. Sweden’s biggest pension fund Alecta has announced it is increasing the cost of its defined benefit (DB) pension for new plans by an average of 16%, saying falling bond yields and increasing longevity has meant it has to charge more.Fredrik Palm, product manager at the SEK928bn (€86.9bn) pension fund, said: “The fact that long market rates have fallen over the past year has a negative impact on our expectation of future returns.“At the same time, we expect life expectancy to continue to increase,” he said.Palm added that the firm was now implementing a change in the cost of its premiums to make sure they were high enough to allow Alecta to meet its insurance obligations in the long term.last_img read more


‘Man love’ for Austin after QPR’s vital win against Aston Villa

Posted On Dec 21 2019 by

first_imgCharlie Austin was QPR’s hero last night, scoring twice against Aston Villa to take his team off the bottom of the Premier League.The 2-0 victory lifted Rangers’ spirits after a difficult spell and gave them a timely boost ahead of this weekend’s west London derby at Chelsea.Striker Austin took to Twitter to describe the result as “a massive three points”, while vice-chairman Amit Bhatia tweeted: “Got some MAJOR man-love for @chazaustin9 right now. #pureclass.”Got some MAJOR man-love for @chazaustin9 right now. #pureclass— Amit Bhatia (@Amit_Bhatia99) October 27, 2014Rangers midfielder Joey Barton, who missed the game through injury, declared: “Great result and team performance. Made up for @chazaustin9 two great finishes. Fans were immense tonight. #UR’s”The club’s sports psychologist Steve Black, who has worked closely with Austin, tweeted: “Excellent result for the lads tonight ! Good team performance all round & 2 great goals from Charlie Austin. Clean sheet a super bonus.”Sandro, meanwhile, completed 90 minutes for the first time since moving to Loftus Road from Tottenham.“Very good win!! I’m very happy for my first 90min for the Hoops!! Thanks guys for all the support!,” the Brazilian said.Chief executive Philip Beard tweeted: “Another really good performance but this time the performance got the result it deserved.”See also:QPR v Aston Villa player ratingsFollow West London Sport on TwitterFind us on Facebooklast_img read more


More people visit South Africa over festive season

Posted On Dec 18 2019 by

first_img13 January 2016The 2015/16 festive season recorded a 5.3% increase in traveller movement compared to 2014/15, Home Affairs Minister Malusi Gigaba said in Johannesburg yesterday.“From 1 December 2015 to 7 January 2016 a total number of 5 390 856 travellers went through our borders, much higher than the total earlier reported for 1 December 2015 to 3 January 2016, that is, 4 798 183,” said the minister at a media briefing on 12 January.ArrivalsHe said 1 487 148 of the total were South African citizens, and 3 903 708 were foreign nationals.“There were 2 003 509 arrivals of foreigners and 706 365 arrivals of citizens, bringing total arrivals to 2 709 874,” said the minister. The increase in volumes in terms of arrivals was 7.6% for foreigners and 0.3% for citizens.it is quite clear that the 2016 peak period had notable increases in traveller movement compared to 2014 and 2015. …— Malusi Gigaba (@mgigaba) January 12, 2016There was also an increase of 4.9% in travellers from Africa, 6.1% from Europe, 7.8% from North America, 15% from Asia, 2.5% from Australasia, 21% from the Middle East, and a decrease of 1% in arrivals from South America.Gigaba said the top nationalities arriving in South Africa over this period were from Lesotho, Zimbabwe, Mozambique, Swaziland, Botswana, United Kingdom, Germany, USA and Namibia.DeparturesOf the 2 680 982 departures, foreigners accounted for 1 900 199 and South African citizens numbered 780 783.“I thank all travellers and our citizens for their conduct in this period, in spite of challenges in some areas, including long queues. This is receiving our undivided attention,” Gigaba said.Source: South African Government News Agencylast_img read more


New Stanford biodegradable wearable takes your data to its grave

Posted On Dec 15 2019 by

first_imgInternet of Things Makes it Easier to Steal You… A wearable electronic device that can dissolve in vinegar and is currently considered to be the lightest, thinnest electronic device, was recently unveiled by researchers at Stanford University. This technology can help reduce electronic waste while maintaining privacy.See Also: How personal beacons can help keep women safeThe need for biodegradable tech in an era when new gadgets are constantly being introduced and quickly discarded, causing tons of electronic waste, presented the key concern and main focus for the team of researchers who have shared this new device. The team designed this wearable electronic device to totally dissolve when vinegar is poured on it. Having a biodegradable wearable option presents an answer to the privacy problem that occurs when new devices are discarded in favor of new ones, hoping that the cautionary measures taken to erase old data are effective enough to keep it from falling into the wrong hands.The decomposing polymer that the device is made of ranks as one of the thinnest and lightest electronic gadgets that’s ever been made. The team has synthesized the biodegradable semiconductor by utilizing a molecule taken from tattoo ink, and has created a base by weaving plant fibers into a new, extra-thin film.  Inside the structure are embedded electronics. When placed in vinegar, or even a less acidic liquid, the entire thing melts away within a 30 day timeframe.An answer to e-waste?In the near future, this technology will likely be used for storing sensitive digital information that could rapidly and easily be destroyed and kept a secret. It can also possibly be used for biological sensors, and implantable medical devices.  Testing has been done with the device in mice to research whether this idea would work.  The device is currently still not safe for use in humans. But it may be in the future.According to an ENDS Europe agency report about electronic waste, due to an increasing built-in obsolescence, in 2012 defective appliances were replaced at the rate of 8.3 percent, which is an increase from 3.5 percent in 2004. Recent studies share that a huge majority of young adults own smartphones, and approximately 30 percent of American upgrade their phones every two years. This helps add to a huge amount of waste that estimates show will produce more than 50 million metric tons of electronic waste by 2018.  The solution to this problem looks as though it may be here, with this new biodegradable wearable. Electronic waste is a real problem, causing poisonous groundwater by leaching hazardous materials like mercury into the ground. Small Business Cybersecurity Threats and How to… Related Posts Follow the Puckcenter_img Amanda Razani Tags:#e-waste#featured#Internet of Things#IoT#Stanford#top#waste#wearable Why IoT Apps are Eating Device Interfaceslast_img read more


The great escape! Brazil live to see another day in World Cup

Posted On Nov 27 2019 by

first_imgDavid Luiz celebrates after scoring his goal for Brazil Tight and tense as it was, it was enough to keep Brazil’s national obsession of winning the World Cup on home soil from taking a desperately disappointing turn.And it wasn’t Neymar, the country’s poster boy for this year’s World Cup, that played the key role this time. It was goalkeeper Julio Cesar, the country’s scapegoat from the last World Cup, who made several crucial saves and even got some help from the woodwork in a 3-2 penalty shootout win over Chile.With the score level at 1-1 on Saturday, Brazil was inches away from an early exit when Chile forward Mauricio Pinilla hit the crossbar in the final moments of extra time.Then, on the final kick of the match and after a pair of saves from Cesar in the shootout, Gonzalo Jara hit the post.”I believe the Brazilian people just needed this,” said Cesar, who made a mistake four years ago in South Africa that led to a quarterfinal loss. “The players, everybody else, we needed this.”The fans still have to wait to celebrate the title, however. There are three more matches to win before the home team can lay claim to a sixth World Cup title.”Let’s see if we can make fewer mistakes in the next matches,” Brazil coach Felipe Scolari said. “Perhaps next time we won’t be as lucky.”To be fair, it wasn’t just luck that saw Brazil through to the quarterfinals at Mineirao Stadium, which was a sea of Brazilian yellow with islands of Chilean red.advertisementNeymar, David Luiz and Marcelo scored in the shootout, and Cesar saved penalties from Pinilla and Alexis Sanchez before watching Jara’s final attempt hit the post.The game over, some Brazilian players fell to the ground, exhausted and emotionally drained. Willian, who missed a penalty for Brazil, sobbed uncontrollably, as Fred helped him to his feet.The Chileans stood still, staring into the ground, wiping the sweat off their faces.”Do you think I can be satisfied with the result?” Chile coach Jorge Sampaoli said. “We’ve played a hard 120 minutes even if everybody was against us in the stadium.”Brazil, which extended its 39-year unbeaten streak in home competitive matches to 61, will next face either Colombia or Uruguay in the quarterfinals.Brazil dominated the first half against Chile and took the lead when Luiz scored following a corner kick. After Sanchez equalized for Chile, Brazil had several chances to regain the lead.Neymar’s header deflected wide, Fred lifted the ball over the bar from close range and Dani Alves forced a backpedaling Claudio Bravo to make a one-hand save.But after referee Howard Webb disallowed Hulk’s second-half goal, ruling he had used his arm to control a long pass, Brazil lost the initiative to a Chile team that can leave the World Cup with pride after eliminating defending champion Spain in the group stage.Pressing deep inside Brazil’s half, Chile pressured the home side into making mistakes or resorting to long passes to Hulk and Neymar.And, again, it was Cesar that often came up big, making a spectacular save on Charles Aranguiz’s shot to keep Chile from taking the lead in the second half.”We tried to give everything, we tried to fight for a dream, and we didn’t achieve it,” Chile midfielder Arturo Vidal said. “But we gave all our effort on the pitch.”Chile has never defeated Brazil in Brazil and hasn’t reached the World Cup quarterfinals since 1962, when it hosted the tournament.Brazil, meanwhile, has reached the quarterfinals of each World Cup since Argentina eliminated it in the second round in 1990.Brazil went ahead in the 18th minute after Thiago Silva deflected Neymar’s corner kick toward the far post. Luiz was given the goal but replays showed Jara may have touched the ball before it went in.Brazil lost the lead when it failed to cope with Chile’s aggressive pressure in a throw-in situation deep inside its half of the field. Eduardo Vargas intercepted Hulk’s pass and found Sanchez on the right side of the area. The Barcelona striker scored easily with a shot toward the far post.In the end, however, it was Brazil moving on to the quarterfinals, with the hopes of a nation planted on the backs of every player.”I hope these are lessons being given to the whole population,” Scolari said. “If you make a promise, you must deliver. This is what the players are doing.”Team Lineups:advertisementBrazil: Julio Cesar; Dani Alves, Thiago Silva, David Luiz, Marcelo; Luiz Gustavo, Fernandinho (Ramires, 72), Oscar (Willian, 106); Hulk, Fred (Jo, 64), NeymarChile: Claudio Bravo; Mauricio Isla, Gary Medel (Jose Rojas, 108), Eugenio Mena, Francisco Silva, Gonzalo Jara; Arturo Vidal (Mauricio Pinilla, 87), Marcelo Diaz, Charles Aranguiz; Alexis Sanchez, Eduardo Vargas (Felipe Gutierrez, 57)last_img read more


NB Liberals lure Green votes but government still likely to fall Friday

Posted On Oct 17 2019 by

first_imgFREDERICTON – Premier Brian Gallant’s Liberals appear headed for defeat Friday, setting the stage for a Progressive Conservative government to take over in New Brunswick.Tory Leader Blaine Higgs said Thursday the Liberals had tried to lure some of his members to support the throne speech in Friday’s vote, but they are standing firm and will all vote against it.“We stand firm, all 22 of us. We are voting against this throne speech tomorrow morning, and there’s no necessity for any further debate,” said Higgs, who is now positioned to become premier.People’s Alliance Leader Kris Austin — who earlier Thursday would not confirm how his party would vote — said they would vote to defeat the Liberal government.“We are here to say collectively as a caucus, we will not be supporting this government or its throne speech. We’ve made up our mind,” Austin said.The Liberals don’t have the numbers to survive the confidence vote.They won just 21 seats in the September election — one fewer than the Tories — while the Greens and People’s Alliance each won three seats.All three Green members of the New Brunswick legislature said Thursday they’ll vote in favour of the throne speech, which had offered Gallant a brief but dim glimmer of hope that his minority government could survive at least a bit longer.Higgs said he is confident the Liberals will be defeated.“I still remain optimistic, but I’m not here for the goodness of my health … we’ve got to make some decisions that matter,” he said.If the Liberals lose the confidence vote, it’s expected the lieutenant-governor would ask the Tories to try to form government.Gallant said Thursday that if he loses the vote, the Liberals will step aside.“I’ll resign the government. I’ve made it clear that I don’t think New Brunswickers want an election. And frankly if we were to go into an election we would be rebuking the very strong message sent to us on election night. People have sent a minority government to Fredericton for a reason,” he said.If he loses, Gallant said he would speak to his wife about whether to stay on as opposition leader, or quit.Gallant will have one last chance to make his case when he closes debate on the throne speech Friday morning, before the vote is held.Despite the indication of their vote, Green members weren’t giving the Liberal government any glowing endorsements in the legislature Thursday.Leader David Coon said over the last four years he has lost confidence in the government and its leadership.“The political meddling in the work of the legislature, the neglect of our health, child protection and senior care systems, and of the poor, the firing of our chief medical officer of health and the dismantling of her office, the handing over of extramural to Medavie, the inaction on renewable energy and climate change, and the degradation of our forests have all left our province worse off,” Coon said.But he didn’t have a glowing review of the Tories either.“I have little confidence that they have changed, and recent comments on fracking, language rights, Indigenous people and climate change have only confirmed this to me,” Coon said.However he said the amended Liberal throne speech, which contains some items from the Green platform, could be advanced for the benefit of their constituents, and all New Brunswickers.Gallant said he’s hoping opposition members will decide to put politics aside and base their decision on the actual throne speech.“If they do that, and they base their vote on the contents of the speech from the throne, I feel like we can gain the confidence of the house,” he said.Gallant said if he continues to govern, then he knows he will have to do better by working more collaboratively with the other parties.last_img read more