Equities drive 6% first-half return at Denmark’s LD

first_imgLD, which manages a non-contributory scheme for Danes based on cost-of-living allowances for workers granted in 1980, said total assets grew to DKK56bn, up DKK1.6bn from the end of December last year.It said this was a level not seen since 2007. Danish pension fund LD has reported an overall return for January to June of DKK3bn (€402m), corresponding to a 5.7% return.This compares to 5% for the same period last year.In its interim report, LD said equities generated 16.2%, while combined corporate bond and sovereign bond portfolios returned 0.7%.Its main balanced fund, LD Vælger, which is used by 90.9% of scheme members, returned 4.9% in the six-month period, while the equities fund produced 26.7%.last_img read more

AXA Germany sells Pensionskasse to rival insurer

first_imgGerman insurer Frankfurter Leben-Gruppe (Frankfurt Leben) has bought the €3bn multi-employer Pro bAV Pensionskasse from AXA Germany.No purchasing price was disclosed but both companies emphasised in press releases that the 260,000 contracts would be transferred without changes to guarantees or benefits.“Changes in the market and the regulatory framework have considerably slowed down new business and also led to shrinking membership numbers in the Pro bAV Pensionskassen,” AXA said in a statement.The company said it wanted to focus on other offerings in the occupational pension sector, such as direct insurance contracts and reinsurance. AXA also said the sale would help the Pro bAV Pensionskasse avoid having to raise costs for members.“Given its fundamentally different business model the Frankfurt Leben group can achieve a lower cost level for its clients,” AXA said.In Germany, Pensionskassen are insurance-based vehicles that are subject to similar regulations and maximum guarantee rates as insurers. The regulatory regime of Solvency II does not apply to them, however.In a statement, Frankfurt Leben confirmed it would offer “considerably reduced costs” and keep this level “over the long term”.The deal is subject to approval by BaFin, Germany’s financial regulator.The insurer was founded in 2015 to take over life insurance assets of German insurer Basler Versicherungen.Last year Frankfurt Leben bought another life insurance company, ARAG München, raising its assets to just over €5bn.So-called ‘run-off’ sales have led to an often heated political debate in Germany. Such deals involve insurers selling off life insurance contracts that have become more expensive and less attractive to handle in the low interest rate environment.The conservative CDU party had considered a legal provision obligating insurers to get clients’ consent before selling life insurance contracts.All debates have been put on hold during ongoing coalition talks as chancellor Angela Merkel attempts to form a new government.last_img read more

FA Cup: Arteta delighted in Arsenal match-winner

first_img Nelson broke the deadlock with a scruffy finish from Alex Lacazette’s deflected pass, and Arteta says our matchwinner is heading in the right direction.Advertisement Arsenal boss, Mikel Arteta, was delighted with matchwinner Reiss Nelson after their FA Cup triumph over Leeds United. Promoted Content8 Shows You Didn’t Want To Watch At The EndCouples Who Celebrated Their Union In A Unique, Unforgettable WayThe Best Geek Movies Of All Time5 Of The World’s Most Unique Theme ParksWho Is The Most Powerful Woman On Earth?20 Amazing Facts About The Daenerys Of The House Of Targaryen8 Ways Drones Will Automate Our FutureA Hurricane Can Be As Powerful As 10 Atomic BombsCan Playing Too Many Video Games Hurt Your Body?5 Of The World’s Most Unique Theme ParksWhich Country Is The Most Romantic In The World?Thailand’s 10 Most Iconic Landmarks “I am very pleased with him, how he’s training, how he’s reacting, how willing he is to learn,” he said. “He’s asking the right questions, I know about his ability, I’ve known him since I was here and I coached him when he was 16. I know his potential and now he needs to put things away. “I am really, really pleased with Reiss, I think he needed that goal as well for his confidence, I think he needs to improve his end-product a little bit in the final third, but he’s doing all the right things.” FacebookTwitterWhatsAppEmail分享 Loading… last_img read more

Can’t Say For Sure Who Will Bat At 4 For India At World Cup: Kapil Dev

first_imgNew Delhi: Even as the debate on whether Vijay Shankar was the right pick for India’s no.4 slot at the upcoming World Cup refuses to die down, India’s 1983 World Cup-winning captain Kapil Dev has a different take on the whole issue.Speaking on the sidelines of a promotional event in the Capital, the former all-rounder said that with batsmen often playing at different positions for both their national teams as well as T20 franchises, they are all well-suited to bat in different positions.“After seeing the T20s you can’t even say for sure who is an opener and who is a no. 4 batsman. Now the mindset is anybody can play anywhere. In today’s world, if you assign a number to a batsman it feels strange apart from an opener. And even openers are sent out at a different position many a times,” Kapil said.Shankar was chosen ahead of Ambati Rayudu by the selectors in April for the World Cup as chairman of selectors M.S.K. Prasad had said that Shankar provides a “three dimensional” option due to his ability with the ball.Moving forward, the former captain was asked about his opinion on the chemistry between India captain Virat Kohli and M.S. Dhoni. Kapil said that while the pair have been successful, any chemistry would come naturally because they are playing for their country.“It looks like they have done extremely well which is great for India. As far as chemistry goes, all the players should understand that they are playing for their country and so no other thought should come in their heads. It’s not a husband-wife relation that you need a chemistry. You are playing under the flag of the country,” said Kapil.Kapil also praised India’s pace department and opined that the conditions on offer in England should suit them. “I think they are fantastic. They have (Mohammed) Shami and (Jasprit) Bumrah who can bowl at 145-plus speeds. They can swing the ball also and so this is a very good combination that we have,” the 60-year-old said.Kapil expects India to finish at least in the top four and hopes to see England and Australia there as well. However, the fourth team can be a pick between a number of contenders he feels.“New Zealand is good, so are Pakistan, West Indies and South Africa. India in particular are good because I feel they are one of the more experienced and well-balanced sides. They have four fast bowlers, three spinners and in the end you have Virat Kohli and MS Dhoni,” he said. (IANS)Also Read: SPORTS NEWSlast_img read more

Its a familiar experience Youre on the subway u

Its a familiar experience Youre on the subway u

first_imgIt’s a familiar experience: You’re on the subway using an app on your phone or tablet, when suddenly you lose network coverage. Without warning, the app becomes completely unusable.Applications are all too often designed on the assumption that connectivity is ubiquitous. But we all know that even in the most connected metropolis, loss of coverage is an everyday reality that degrades the user experience.While inability to check e-mail on the subway is a mild annoyance, connection loss can have more serious ramifications as critical services are conducted online. Web, mobile and IoT applications play a huge role in creating economic growth and promoting healthier communities in developing countries, which are often the very places that lack the infrastructure for consistent connectivity. The reality is that humans are dependent on applications, and in the absence of constant connectivity, developers need to turn their attention to offline functionality.Feeding the goldfishIt’s widely acknowledged that consumers are more easily distracted than ever. A 2015 report revealed that average attention spans declined from 12 seconds to eight between 2000 and 2013 (memorably noting that even the humble goldfish has more ability to focus than the average human). So if an app becomes unresponsive because the connection is weak or intermittent, users are likely to switch their attention to another app or website. After repeat offenses of your service being slow or unreliable whenever its connection falters, these users are likely gone for good.Data usage is another concern, as most consumers have monthly data limits built into their smartphone or tablet contract. If using an app eats up too much of their data allowance, they will simply look for alternatives.On the business side, more and more of us rely on web and mobile apps in our working lives as company operations become increasingly mobile. Unlike consumers, mobile professionals might not have the luxury of abandoning an app when its connectivity fails. The paradox is that in an increasingly connected world, offline functionality has become a bigger differentiator than ever before precisely because it is so often passed over in favor of online-only features. This presents an opportunity for app developers to flip their approach and meet the expectations that customers didn’t know they had: a user experience that doesn’t depend on connectivity.Fundamental change in app designThe key to meeting this challenge is to fundamentally rethink how we build apps. Specifically, it’s time to start thinking “Offline First.”Offline First (a concept that dates back at least as far as a 2013 blog post by Alex Feyerke) means, in general, that an app should deliver core functionality in the absence of network connectivity and progressively enhance its capabilities to take advantage of connectivity when available. For example, periodic connections to the Internet could allow it to update content, sync local data, or enable enhanced location features.Historically, app developers haven’t used the Offline First approach because it has been much easier to let the back end handle all data access requirements. Keeping data management on the server-side results in a clean and simple architecture and less front-end code to write.Fortunately, taking an Offline First approach is becoming easier with the rise of offline-friendly data stores like Apache CouchDB or PouchDB. The advanced replication and syncing capabilities of these clustering document databases have dramatically reduced the difficulty and cost of building and maintaining applications that sync data between the client and a central cloud data store.A great example of Offline First success is YukonBaby, a project funded by the Technology Innovation program of the Yukon Research Centre and the Yukon government’s Health and Social Services department. The app lets expecting parents in remote areas look up information even when connectivity drops. This is possible because the YukonBaby app will automatically download new content to the mobile device whenever a connection is available. YukonBaby keeps data costs low for users because it only updates data that has changed since the previous sync.YukonBaby is among a first wave of companies that see an Offline First philosophy as essential to the core of their business operations. As technology supporting reliable, scalable offline replication becomes more widely understood, both B2C and B2B application developers need to take note: Apps that only work well when there’s a fast and reliable network with great coverage will soon be a thing of the past.last_img read more