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first_imgAnd he said the discount rate had been changed without explanation.In a statement, the CEPB said: “John Ralfe’s claim that there is a big hole in the clergy pension scheme is simply inaccurate.“At the last valuation of the scheme, on 31 December 2012, the funding deficit was 25%, and we are on target to be fully funded over the next decade.“Had the valuation been carried out at the end of 2013, we might have expected the funding deficit to be closer to 15%.”The CEPB said it had made the assumptions for the valuation based on its assessment of the strength of the responsible bodies’ financial covenant, the fall in yields on fixed interest Gilts, market expectations for future RPI inflation and up-to-date mortality expectations.“The discount rate is in line with advice from an independent actuary and with the requirements of the pensions regulator,” it added.The Church of England Clergy Pensions Scheme is a funded defined benefit (DB) scheme set up to provide retirement benefits for clergy and church workers relating to service from 1998 onwards.Pensions relating to pre-1998 service are paid out of the Church Commissioners’ £5.5bn endowment fund.According to press reports, Ralfe also dubbed the pension scheme the “riskiest in the country in terms of asset-type” because of its high allocation to equities (93%).However, the scheme’s accounts show that, at 31 December 2012, 78% of its £1.1bn return-seeking pool was invested in equities, while all its £200m liability-matching pool was invested in bonds.The CEPB said: “Our return-seeking funds have returned 20.8% over the three years to the end of 2012, and, provisionally, 27.7% over the three years to 2013, improving the funding position of the scheme.”The CEPB added: “Ralfe also fails to take into account that, unlike most other defined benefit schemes, this scheme is still quite immature, and is still open to new members, giving it a healthy contribution inflow.“A bond-heavy investment policy is not normally seen as either necessary or desirable for relatively immature schemes, and would make them unnecessarily expensive.”It also said that, although Ralfe had raised similar issues in the past, he had declined numerous offers by the CEPB to meet to discuss them. The Church of England Pensions Board (CEPB) has issued a riposte to charges by activist investor John Ralfe that its funded pension scheme for clergy was seriously understated, branding his claim as “simply inaccurate”.Ralfe had written to Justin Welby, the Archbishop of Canterbury and head of the Church, asking him to commission a report into the £1.1bn (€1.3bn) scheme’s funding.He warned that the scheme’s real deficit was £391m, a third higher than the £293m shown in the scheme accounts.Ralfe based this assertion on the fact the scheme had raised the discount rate used to value its liabilities by 0.5% – using the previous rate would have resulted in the higher deficit figure.last_img read more


first_imgLocalNews Helping Hands Inc Charity donates computer equipment to DAPD by: – April 30, 2012 59 Views   no discussions Share Sharing is caring! Tweetcenter_img Share Share DAPD’s President Michael Murphy receiving laptop computer from President of Helping Hands Inc Charity Mrs. Cecilia MartinA local charity foundation has lived up to its name in ‘helping out’ another local organization in its quest to assist those who are less fortunate and disabled.Helping Hands Inc. Charity, a non government foundation which aims to serve as a conduit for receiving funds or resources from persons or organizations wishing to donate to charitable organizations in Dominica, on Monday donated a laptop computer, printer and toner supplies to the Dominica Association of Persons with Disabilities.President of the Charity, Cecilia Martin who made the donation at the DAPD’s national consultation at the Public Service Union on Monday, explained that the organization members were “very moved” when it was reported that the DAPD’s office had been burglarized of its essential computers equipments.“Although of limited resources, Helping Hands Inc is pleased to make this small donation to the DAPD. As we know this organization is making a meaningful contribution to the lives of persons with disabilities in our society”.The equipment she explained were donated by a United Kingdom company, “Thames Water Authority” and shipped to Dominica free of charge by the Guest Line Limited.Helping Hands is managed by a group of volunteers who are all current of former senior civil servants or managers and has been approved by the Dominica government. Since its launching in 2009, Helping Hands has worked with several agencies and individuals both locally and internationally to provide resources and assistance where they are needed.According to Martin, “a number of local organizations have benefitted from Helping Hands Inc. through links which have been established primarily with Dominicans and friends of Dominica who live overseas. Organizations such as Operation Youth Quake, Chances, 4H youth clubs, senior citizens homes and other agencies linked to the Welfare Department and Ministry of Social Services, Community Development and Gender Affairs, including the receipt and distribution of toys for children in Dominica at Christmas”. She noted that the organization’s goal is to “intensify our efforts to ensure that donations go to where they are needed” and they also plan to extend their outreach program.Individuals and organizations who wish to provide assistance or make donations to the Helping Hands organization can contact them via email on helpinghandsdominica@gmail.com.Dominica Vibes Newslast_img read more


first_imgMarcus Rashford has been forced to withdraw from the England squad as the Manchester United star attempts to recover from his ankle injury for the start of the new Premier League season. Rashford suffered an ankle problem last season, but reportedly opted to play through the pain to help secure Champions League qualification for United. The 22-year-old had initially been named in Gareth Southgate’s England squad for the upcoming Uefa Nations League matches against Iceland and Denmark in September. However, Rashford has now withdrawn from the Three Lions squad as he attempts to regain full fitness with the 2020/21 Premier League season kicking off on September 12. Following the announcement of his withdrawal, Rashford tweeted: “Gutted… never want to let this team down but these fixtures just came a little too soon for me. Read Also: JUST-IN: Messi faces suspension at Barcelona amid events boycott “I tried my best but I have to focus on starting the season at my strongest for club and country. “Good luck boys, I’ll be cheering you on from home @England”. Rashford’s absence means Jack Grealish has been called up to the England squad for the first time in his career. FacebookTwitterWhatsAppEmail分享 Loading… center_img Promoted ContentPretty Awesome Shows That Just Got CanceledThe 10 Biggest Historical Mysteries That Can’t Be SolvedA Hit Song By Lil Nas X Is Beating A World Record As We Speak!9 Facts You Should Know Before Getting A Tattoo8 Best 1980s High Tech GadgetsWhat Is A Black Hole And Is It Dangerous For Us All?Couples Who Celebrated Their Union In A Unique, Unforgettable WayHere Are The Top 10 Tiniest Mobile Phones On The Planet!6 Interesting Ways To Make Money With A Drone5 Of The World’s Most Unique Theme ParksWhy Go Veg? 7 Reasons To Do This7 Interesting Facts About GoT Star Maisie Williamslast_img read more


first_imgBy Randy PospishilNORFOLK, Neb. (June 27)  – Ramsey Meyer, the point leader in the Mach-1 Sport Compact divi­sion, added to his advantage in the standings with his second local feature win of the season at Off Road Speedway.After starting toward the back, Meyer spent the race working his way through traffic toward the front. With three laps remaining he then took advantage of the race’s only caution, which sent the cars into a single-file restart, to pass Lance Mielke coming out of turn four on the final lap for the win.Max Anderson finished in third.Kyle Prauner won his sixth Karl Chevrolet Northern SportMod feature in as many attempts after starting in the sixth row. Jason Wilkinson picked up his third win of the season in seven local IMCA Sunoco Stock Car starts.Jeremy Hoskinson prevailed in the IMCA Sunoco Hobby Stock tilt.last_img read more


first_imgArsenal will look to get their Premier League title challenge back on track when they host London rivals Chelsea on Monday night. But Chelsea face their rivals while short of their best form, as shown in recent defeats to Stoke in the Premier League and Sunderland in the Capital One Cup. And manager Jose Mourinho suggested in the wake of the latter defeat that he may need to tighten up his side’s approach, even if it is something he would not necessarily be keen on doing. He said: “If I want to win 1-0, I think I can. One of the easiest things in football is to win 1-0. ‘It’s not so difficult. You structure your team from the back, you organise your team from the defensive idea, you don’t give freedom to your players to express themselves. ”The dynamic of the team is defensive and what you do is you recover the ball and try to punish the opponent on the counter-attack. ‘To win 1-0 is not the most difficult thing in football.” He added: ”I don’t want to because we are going in a direction which is the right direction in terms of the quality of football we want to play, and it’s quite frustrating that you have to change that and go one step back and go in another direction just because you want better results.” Liverpool can go top of the table for at least a couple of days if they beat troubled Cardiff at Anfield. Brendan Rodgers’ Reds are flying high after their 5-0 hammering of Tottenham, while the Welsh club have been rocked by the latest disagreement between manager Malky Mackay and owner Vincent Tan, this time over January transfer plans. Rodgers worked with Mackay at Watford and admits he has been “astonished” by events at the Bluebirds. ”I find it incredible all the talk about Malky, who I know well from working with him at Watford,” said the former Swansea boss. ”I find it astonishing what he has had to go through. ”This is a guy who walked into Cardiff and transformed the mentality of the club.” Basement side Sunderland, meanwhile, will look to build on their shock cup win over Chelsea when they host Norwich at the Stadium of Light, while fellow strugglers Fulham face the daunting task of hosting in-form Manchester City. Crystal Palace, recently resurgent under Tony Pulis, will look to climb out of the relegation zone but will face a stiff test from a Newcastle side flying high in the top six. Manchester United boss David Moyes will look to build on a run of three-straight wins in all competitions when the Red Devils host lowly West Ham. Keith Downing will be in interim charge of West Brom as the Baggies host Hull, while Tim Sherwood will hope to still be in charge of Tottenham when they travel to Southampton on Sunday. The weekend’s other game sees Roberto Martinez take his in-form Everton side back to south Wales to face his former club Swansea. The Gunners have seen their lead at the top of the table cut to two points after being held to a draw by Everton and then being beaten 6-3 by free-scoring Manchester City. A defeat against Chelsea at the Emirates would see the Blues leapfrog Arsene Wenger’s side and their cause will be helped with Jack Wilshere set to miss out for the hosts after his Football Association charge for a gesture towards Manchester City fans. Press Associationlast_img read more


first_img “This is a great opportunity for me,” added eight times-capped Kearney. “Joe has been keeping everyone on their toes, and pre-season has been really tough. There has been a lot of gym work, speed work and fitness work – we’ve all been training really hard. “This is kind of like a fresh start for me, and it is about trying to play well when you get the chance.” Dave Kearney will go into battle against Wales on Saturday knowing that he could hardly have landed a tougher final World Cup audition. And a strong performance could ultimately see him win the vote above the likes of Ulster’s Andrew Trimble, who recently suffered a recurrence of foot trouble. Kearney, though, will have his hands full, lining up opposite juggernaut Wales wing George North, who returns to rugby union’s big stage after suffering three concussions last season. North has not played since March, but his comeback will see him win his 50th Wales cap, while also becoming the youngest player of all-time at 23 years and 138 days to reach that half-century landmark for a single country. A proven Test match performer of the highest class, North will also look to put down a marker, and potentially add to his 22 Test match tries in Wales colours. “I have faced George a few times,” Kearney said. “He is one of the best wings in the world, but at the same time it brings out the best in me. You always want to test yourself against the best. “You have got to keep him in as tight as you can and not give him much space. He is very fast when he is going, so you can’t afford to give him much space.” Ireland beat Wales 35-21 in an opening warm-up clash three weeks ago, but both teams are unrecognisable from that game, with Wales showing 12 changes – wing Alex Cuthbert, centre Scott Williams and flanker Justin Tipuric are the solitary starting XV survivors – and Ireland making nine switches. Press Association With the countdown continuing to Ireland coach Joe Schmidt’s 31-man World Cup squad announcement next week, Leinster wing Kearney is among those hoping to make a statement in a tournament warm-up Test at the Aviva Stadium. The game sees Kearney making a first international start since Ireland clinched RBS 6 Nations title glory against France in Paris almost 18 months ago. last_img read more


first_imgELLSWORTH — Ellsworth High School senior and Down East Family YMCA swim team member Sam Alvarado was one of two seniors in the state of Maine to receive a $1,000 scholarship on Sunday.Alvarado, who was granted the scholarship along with Bath Area YMCA swimmer Caitlin Tycz, received it at the Maine Swimming at the organization’s annual banquet in Lewiston. Maine Swimming Senior Vice Chairman Matt Vogel said the two won their scholarships for their “leadership and contributions to the sport of swimming in the state of Maine.”Other DEFY athletes to be honored at the banquet were Ella Montgomery, who set the state records in the girls’ 50-meter butterfly and backstroke events, and the four-person relay team of Camden Holmes, Cooper Holmes, Richie Matthews and Talor Hamilton, which did so in the boys’ 200-meter freestyle and medley relays. All five received certificates honoring their record-setting achievements, which came last summer.This is placeholder textThis is placeholder textlast_img read more


first_imgAnthony Martial The Frenchman converted twice from close range from Marcus Rashford and Aaron Wan-Bissaka to send the hosts into a two-goal lead before half time.He then completed his treble with a chip 15 minutes from time as Ole Gunnar Solskjaer’s side reduced the deficit on the top four to just two points.Robin van Persie was the last United player to score a treble in the league.And while there was nothing to compare with the Dutchman’s brilliant volley against Aston Villa that helped seal the 13th and final title of Sir Alex Ferguson’s illustrious reign, Martial did complete his own milestone with a delightful chipped finish over Simon Moore after collecting Marcus Rashford’s return pass.The result moves United to within two points of fourth-placed Chelsea, who entertain Manchester City today.However, for Chris Wilder’s visitors it was another disappointing day. The Blades have now picked up just one point from three games since the resumption and are yet to score.Solskjaer made five instant changes towards the end of the game with Nigeria forward, Odion Ighalo joining the fray. He however blew a chance to make it four for United.Elsewhere in Anfield last night, Liverpool defeated Crystal Palace 4-0 to set the stage for their crowning today if Manchester City fail to beat Chelsea at StamfordShare this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram PREMIERIf Man City fail to beat Chelsea today Liverpool will crowned championsAnthony Martial netted the first hat-trick of his senior career as Manchester United kept up the pressure on fourth-placed Chelsea by easing past Sheffield United3-0 on Wednesday night.last_img read more


first_img Tags: C-NSliverpoolswimming Merkling also helped Jack Andrejko, Curtis Merrick and Brandon Nguyen put up a quick time of 1:43.84 in the 200 medley relay. In the 200 freestyle relay, Merkling, Nguyen, Merrick and Julien Brownlow won in 1:31.61.Brownlow claimed first place in the 50 freestyle in 22.98 seconds, with Andrejko beating the field in the 100 freestyle in 53.18 seconds as Will Allen was second in the 200 freestyle (1:58.38) and 500 freestyle (5:26.39).A night earlier, Cicero-North Syracuse faced Oswego and, after three consecutive defeats, the Northstars finally broke into the win column by topping the Buccaneers 94-77. In a close opening 200 medley relay, the Northstars’ quartet of Logan Petralia, Connor Burke, Sawyer Powell and Josh Kubala went 1:55.67, just ahead of Oswego’s 1:56.21.Individually, Harbaugh claimed the 200 freestyle in 2:03.97. Burke beat the field in the 100 butterfly in 1:07.83, with Powell taking the 100 backstroke in 1:05.28 as Harbaugh finished second.Dom Bagozzi was second in both the 50 freestyle (25.09 seconds) and 100 freestyle (55.71 seconds), but C-NS had Harbaugh, Burke, Petralia and Powell post 3:51.56 in the 400 freestyle relay.C-NS had faced Jamesville-DeWitt/CBA earlier in the week, with the Northstars taking a 95-88 defeat to the Red Rams.Seaver Schultz was still a part of four winning events for C-NS, starting with the 200 medley relay, where he paired with Harbaugh, Burke and Dillon Johnson to go 1:48.56 to J-D/CBA’s 1:51.54.Schultz got the 50 freestyle in 23.07 seconds, with Harbaugh (24.79) third, and in the 100 freestyle Schultz won in 51.17 seconds to the 51.72 from the Rams’ Conlan Rourke.And to close out the meet, in the 400 freestyle relay, Schultz, Burke, Bagozzi and Kubala would put together a time of 3:44.19 as J-D/CBA was second in 3:45.96.Elsewhere, Johnson would pull away to win the 100 backstroke in 1:06.30, with Burke second in the 100 breaststroke in 1:12.78 and runner-up in the 200 individual medley in 2:21.34.Petralia, with a time of 1:56.44, edged the Rams’ Nate Wales (1:56.77) in the 200 freestyle, with Harbaugh second in the 100 butterfly in 59.82 seconds. Kubala, Bagozzi, Harbaugh and Petralia were second (1:38.72) to J-D/CBA (1:36.50) in the 200 freestyle relay.Share this:FacebookTwitterLinkedInRedditComment on this Story center_img Though denied by weather of its opportunity to clash with Baldwinsville, the Liverpool boys swim team still had an opportunity to compete before the holiday break.The Warriors traveled to Fulton last Friday night, three days after its scheduled showdown with B’ville got postponed and pushed back to mid-January, and defeated the Red Raiders 101-84 to improve to 2-0 overall.Griffin Merkling led Liverpool as he took part in four different winning efforts. On his own, Merkling tore through the 100-yard backstroke in 55.43 seconds and also won the 200 individual medley in 2:00.66, just missing out on the state qualifying standard of 2:00.63 by three-hundredths of a second.last_img read more


first_imgThe USC women’s golf team, still seeking its first tournament victory, recorded another strong opening in the Battle at Rancho Bernardo Monday, finishing play tied for second at 7-over-par 295.The tournament, held at the Rancho Bernardo Inn Championship Golf Course in San Diego, is hosted by San Diego State and features 16 teams, including Washington, Arizona and California. The tournament spans two days, with play concluding Tuesday.Teeing off · Senior Lisa McCloskey had a tough time toward the end of the Battle at Rancho Bernardo, but still finished at 79. – Photo courtesy of Sports InformationDamp, gloomy conditions created considerable struggles, but USC received a strong effort from sophomore Sophia Popov, who notched three birdies and two bogeys to finish tied for third at 1-under-par 71. Freshman Doris Chen continued her strong spring season with a finish of 1-over-par 73, including three birdies, to place ninth. Senior Inah Park came in tied for 22nd at   3-over-par 75, while sophomore Rachel Morris is currently tied for 27th at 4-over-par 76. Senior Lisa McCloskey, who started off strong with two birdies through the first three holes, struggled to a score of 7-over-par 79, tied for 58th.Expectations are running especially high for the Trojans after their dominant 2011 season, in which they won four tournaments. Additionally, the Women of Troy notched their sixth consecutive top-5 NCAA finish, and their successful season included triumphs at the 2011 Pac-10 championships and 2011 NCAA West Regional. Such success brought numerous accolades to the team, as Popov was named National and Pac-10 Freshman of the Year while coach Andrea Gaston captured National Coach of the Year honors for the second time in her 16 years at the helm.The Women of Troy, ranked No. 3 nationally by Golf World, have overcome a less-than-stellar fall campaign to remain competitive in the spring but have not been able to achieve a tournament victory. After a resounding second-place finish in the Northrop Grumman Regional Challenge to start the spring half, the Women of Troy had their best opportunity to win the Allstate Sugar Bowl last month but surrendered the lead on the final day, finishing third overall.All-American McCloskey, who leads the team in stroke average (72.27), finished third in the competition and has now recorded four top-10 finishes this year. Popov, whose fall season was cut short with a wrist injury, has rebounded nicely in the spring, taking second at the Northrop Grumman Regional Challenge and tying for 16th at the Allstate Sugar Bowl. The Women of Troy have also received consistently strong performances from Chen, who has compiled two top-10 finishes so far in the spring after participating in only one fall tournament. Park has notched three top-20 finishes in five starts, while Morris has started every tournament, including a 16th-place finish at the Stanford Intercollegiate in October.Though victories have been hard to come by, the team insists that the goals remain the same. “We were hoping for a win since our team is in good shape,” Popov said. “We have to work hard now in order to get our first spring win in San Diego.”last_img read more