Tag: 苏州桑拿

UK proposes mandatory pension scheme climate risk ‘action’

first_imgOutlining the plans during a visit to Glasgow today, Thérèse Coffey, work and pensions secretary of state said the proposals were “one of the most significant steps to date in the UK’s progress on tackling climate change”.“We were the first major economy to commit to reaching net zero by 2050 – to deliver this we must start now, working with investors and others to achieve this ambitious target,” she added. The UK government has launched a consultation on proposals for mandatory climate risk-related governance and risk management by larger occupational pension schemes and certain other pension providers, and for this activity to be disclosed in line with the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD).The Department for Work and Pensions (DWP) said the proposals would ensure trustees were legally required to assess and report on the financial risks of climate change within their portfolios.Among the activities required would be calculating a carbon footprint and assessing how the value of the schemes’ assets or liabilities would be affected by different temperature rise scenarios.The DWP also said the consultation would “signal an intent” that schemes report on the extent to which their portfolios are aligned with the Paris Agreement, although it was holding off on including such a requirement in the current consultation in anticipation of better methodologies emerging to measure and report a portfolio’s so-called implied temperature rise. Thérèse Coffey, secretary of state for work and pensions“These measures will ensure pension schemes are in an ideal position to drive change to a sustainable, low carbon economy which will benefit everyone.”Mark Carney, UN special envoy for climate action and finance and the prime minister’s finance adviser for COP26, said: “By requiring pension schemes to report against the Taskforce’s recommendations, the occupational pensions of over 24 million UK citizens, representing over £1.3trn of investments, can be managed to mitigate the risks from climate change and seize the opportunities from an economy-wide transition to net zero.”About actionAt consultancy LCP, Claire Jones, partner and head of responsible investment, said trustees “shouldn’t be fooled by the words ‘governance’ and ‘reporting’ in this consultation”.“This consultation is about action. […] Fundamentally, it means that climate change can no longer be seen as a bolt-on to ESG considerations; it has to be a consideration that is integrated across all aspects of pension scheme management.”  Simon Jones, head of responsible Investment at Hymans Robertson, made a similar point: “This continued focus on climate risk is welcome and we are particularly encouraged that this consultation looks beyond just disclosure to the underlying actions that trustees are expected to take in developing their approach,” he said. DWP’s plan is to use the largest UK workplace pension schemes – those with £5bn (€5.5bn) or more in assets and including all authorised master trusts – to set an industry standard by requiring these to publish climate risk disclosures by the end of 2022.Around 250 more schemes with £1bn in assets would then have to meet the same requirements in 2023, the DWP said.The move to require mandatory TCFD reporting by pension schemes has arguably been well-trailed.In July 2019 the government said it expected all listed companies and large asset owners to disclose in line with the TCFD recommendations by 2022, and the Pension Schemes Bill, which is before the House of Commons, includes powers to enact the measures outlined in the consultation. Meanwhile, an industry group has developed TCFD guidance for trustees of pension schemes, although this was on a non-statutory basis.Paris-alignment reporting tantalisesLCP’s Jones said the proposals would require a “a step-change” for many schemes.“Those expected to be within scope should review their climate approach against the proposed requirements and start addressing any gaps, particularly in relation to scenario analysis, metrics and targets,” she said.Carolyn Saunders, head of pensions and long-term savings at Pinsent Masons, said the the detailed regulations and statutory guidance being proposed would help trustees “by providing real focus and support that will empower them to drive the development of the data and tools needed for effective decision-making”.“Trustees can take confidence from the strong message that they should be addressing climate risk, even though climate risk analysis is not a perfect science,” she said. “In addition, the promise of a future consultation on Paris-alignment reporting and measuring the warming potential of a scheme’s portfolio raises the genuinely exciting prospect of identifying an easily-understood and consistent measure which will drive best-practice.”The consultation closes on 7 October. The proposals As outlined by the DWP, the proposals outlined in its consultation include:Schemes embedding the TCFD recommendations into their organisation, including on governance, strategy, risk management, metrics and targetsScheme scenario modelling to analyse the implications of a range of temperature scenarios for a scheme’s assets, to prompt strategic thinking about climate risks and opportunitiesA requirement to report the greenhouse gas emissions associated with portfoliosCompelling schemes to publish their report on a website and to notify pension scheme members via their annual benefit statement that the information has been published and where they can locate itSchemes providing The Pensions Regulator (TPR) with the web address of where they have published their TCFD report via the annual scheme return formAny complete failure to publish any TCFD report to be subject to a mandatory penalty imposed by TPRlast_img read more

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When you are ready I won’t turn down the fight, Joshua tells Fury

first_imgTwo-time unified heavyweight champion, Anthony Joshua, has informed Tyson Fury that he would be available for him whenever he is ready to fight. “When Tyson Fury is ready, I will not turn down that fight. I’m thinking the wider puncher, and I think like I’m an underdog,” said Joshua. “As you said, I’m not #1 the minute, and I’ve got to put my name back where it belongs. What that’s based on is trust. “When I get back in the ring, they’re going to lose if they bet against me. I’ve got to put trust back into my name, and I was going to do that by demolishing Pulev. I was working towards greatness long before training camp, but this has slowed things down. I’ll be ready mentally when the time comes. “Fury has been a professional for 11 years,” said Joshua. “He needed so much time to develop. He’s finally got to that stage where he’s gotten that straw of confidence. So congratulations. I look at what Tyson Fury has done, and I’m looking, ‘I’ve done what took him ten years in 3 years. “Imagine where I’m going to be in 10 years.’ So I keep moving through it. I had my little issue with Ruiz last year, but I got through it. In another six years from now, when I’m where Tyson Fury is in terms of time, I should be unstoppable. I’m gaining massive knowledge about the boxing industry,” said Joshua.Advertisement Loading… No one expects Joshua to turn down the fight with Fury once it’s offered to him. Fury has better wins on his resume than Joshua, and that’s not going to change until AJ starts facing the top guys. Joshua’s promoter Eddie Hearn blew it for him when it came to Wilder by talking about flat fees. That fight should have taken place in 2018, but Hearn was looking to play the A-side card. Just 12 months ago, the heavyweight division had three undefeated fighters at the top of their game. Joshua was months away from facing Andy Ruiz Jr – though he thought it would be Jarrell Miller – and Deontay Wilder was reigning supreme as WBC champion after salvaging a draw with Tyson Fury in late 2018. Today, Joshua is still the WBO, IBF, IBO and WBA heavyweight champion, but he had to prize them back from Ruiz Jr after a shock loss last June. read also:Joshua: Fury Will Beat Wilder Again Wilder was destroyed by Tyson Fury in February and lost his WBC title, meaning the Gypsy King is the last top heavyweight standing with an unbeaten record. FacebookTwitterWhatsAppEmail分享 Promoted ContentWho Is The Most Powerful Woman On Earth?The 10 Best Secondary Education Systems In The WorldThe Best Cars Of All TimeWho’s The Best Car Manufacturer Of All Time?A Lot More People Should See Hanna’s Fantastic Bread Masterpieces9 Facts You Should Know Before Getting A Tattoo10 Extremely Gorgeous Asian Actresses11 Most Immersive Game To Play On Your Table TopInsane 3D Spraying Skills Turn In Incredible Street Art2020 Tattoo Trends: Here’s What You’ll See This Year7 Thailand’s Most Exquisite Architectural WondersWorld’s Most Delicious Foodslast_img read more

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Video: A look inside the new Chase Center, home of the Golden State Warriors

first_img(CLICK HERE, if you are unable to view this video on your mobile device.)With only a few finishing touches left to complete, the Golden State Warriors showed off their new arena on Monday. The Chase Center in San Francisco hosted members of the media for a quick tour of venue. The 18,000 seat arena won’t be seeing Stephen Curry and company hit the hardwood until October, but concerts are already scheduled for the coming weeks. Metalica and the San Francisco Symphony will be performing on …last_img read more

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Sanral’s multibillion traffic plan

first_imgSanral’s ambitious freeway upgrade programme will help to ease congestion on Gauteng’s busy roads. (Image: Gauteng Provincial Government)Janine ErasmusFrustrated Gauteng drivers can look forward to new developments that will ease peak-hour traffic, which over the past 10 years has increased to three hours in the morning and evening respectively. The South African National Roads Agency Limited (Sanral) has put forward the Gauteng Freeway Improvement Project, which will see freeways opened up to at least four lanes and in some cases, six in each direction. Other measures include improved interchange access, better lighting, traffic management strategies such as high occupancy lanes, intelligent transport management systems including live cameras and electronic signs that supply up-to-date information, and electronic toll collection.The portion of the N1 national highway between Johannesburg and Pretoria carries 180 000 vehicles every day and is just a small section of the 16 150km of major national roads overseen by Sanral. This well-travelled stretch is included in the 500km of freeways to be serviced by the freeway improvement project, which Sanral developed in association with the metropolitan areas of Tshwane, Johannesburg and Ekurhuleni, and provincial and national government.The resulting network of interconnected inner and outer ring roads around Gauteng, including a direct road link to Soweto, will optimise the movement of private and freight vehicles as well as road-based public transport.A feasibility study has established the project can be financed through a toll system. This, says Sanral, is a fair method of payment for a service that is used. However, the participation of the public will be required before toll collection points can be implemented. Tolls will be collected electronically, ruling out the need for construction of toll plazas and allowing motorists to travel unhindered.The bulk of the project is due for completion in time for the 2010 Fifa World Cup, according to Sanral, and there will be a break in work during the tournament so travellers won’t be inconvenienced. Final completion is planned for October 2010, with toll operations due to start that same month.Phase one, worth R11.5-billion ($1.4-billion) across seven contracts, will cover 125.5km of roads. Construction is already underway and is expected to take about 2.5 years. It involves boosting the capacity of existing freeways and new roads where necessary, while upgrades for the other sections are currently on the design board and are expected to go out to tender in the next few months. Environmental impact assessment studies are also in progress.More capacity for SA’s powerhouseGauteng is South Africa’s smallest province, but it is the economic and business hub of the country. According to the Gauteng Economic Development Agency, the province contributes 10% of the gross domestic product (GDP) for the African continent and a third of South Africa’s entire GDP. Gauteng is also known as Africa’s financial services capital, with over 70 foreign banks establishing their regional head offices in the province.Statistics South Africa, in its 2001 population census, determined that 8.8-million people live in Gauteng – this is about 20% of the total South African population. Gauteng is also the fastest growing province in the country with a population growth of 20% between the 1996 and 2001 censuses.With such expansion, Gauteng’s roads infrastructure has failed to keep pace and traffic load is now more than what freeways can handle.There have been many motivations for the new road and traffic plan. Due to lingering peak-hour traffic, drivers now have to take extra road time into account, frustrating commuters and cutting into private time, says Sanral.Congestion also pushes up travel costs in terms of fuel consumption and wear and tear – another blow for motorists already hard-pressed because of rising fuel prices.Excessive road congestion affects productivity, adds Sanral, as hours are wasted sitting in traffic. It also says that insufficient capacity on Gauteng’s roads is a deterrent to development, forcing businesses to relocate or scale down. The agency also says increased gas emissions from overloaded freeways are a major environmental concern.Sanral says the scheme will benefit not only private and commercial drivers but also those using public transport through the implementation of high occupancy lanes, which will be integrated with bus rapid transport systems, taxi, bus and train routes. Plans also include transport hubs for public transport facilities.Do you have queries or comments about this article? Email Janine Erasmus at [email protected] This e-mail address is being protected from spambots, you need JavaScript enabled to view it This e-mail address is being protected from spambots, you need JavaScript enabled to view it . Useful linksSouth African National Roads Agencyi-traffic information projectStatistics South Africa 2001 census informationGauteng provincial governmentlast_img read more

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Spectators at JLN bid goodbye to Shera

first_imgThe about 60,000 strong crowd inside the grand Jawaharlal Nehru stadium went berserk as they bid goodbye to ‘Shera’, the mascot of the 19th Commonwealth Games that ended on Thursday.Sending the spectators in frenzy, Shera entered the field in an open decorated auto-rickshaw along with singer Shaan.Shaan, 38, a playback singer who apart from his albums and Bollywood music has given his voice to many hit Bengali, Telegu and Tamil film songs, sang to an energetic Shera on behalf of athletes and everyone present at the stadium.A smiling Shera waved his hands as they took a circle in the red coloured auto inside the arena.Shera does not leave until he gives a heartful performance with Shaan amidst the roaring shouts of joy from the spectators.–with PTI inputslast_img read more

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When I coached baseball many years ago a young ba

first_imgWhen I coached baseball many years ago, a young ballplayer came to me asking for advice. I offered my opinion: he needed to get his act together. Then, like many young men might do, he griped about me to one of the other coaches. Our paths crossed again when he was 28 years old, at which point he said, “Now that I have a family of my own, I’ve thought back on your ‘lectures’ and realized you were just answering my questions honestly. Thank you.” Not surprisingly, my lectures as a coach weren’t so different from those I’d received from a WWII colonel turned coach and teacher at my high school. The only difference: I never asked for his opinion—it was offered as he held my shirt collar. Still, when I came home on leave from the Marine Corps a few years later, I showed up at my old high school, walked onto the practice field, and thanked him. He was a solid mentor when I needed one but was too young to know it. Years later, as a retirement mentor, I’ve spent countless hours analyzing the habits shared by successful retirees. Six stand out, and I urge all of our readers to take these steps sooner rather than later. I’m not going to grab you by the shirt collar like my coach did, but I’m confident you’ll find this “lecture” worth reading. Cut the financial cord with your children. All parents have one basic responsibility: to equip their children to survive on their own, both emotionally and financially. Retirees are often the wealthier members of an extended family—or they are perceived as such. But having money does not make you a bank. If a family member needs money, let him or her borrow it elsewhere. The wealth you’ve accumulated has to last you the rest of your life. The best way to remind your family and yourself of this simple fact is to simply say “no.” Of course, some accidents and disabilities cannot be prevented, and there are times to rally behind family members truly unable to put a roof over their heads or food in their bellies. But for every truly unavoidable catastrophe, there are dozens more instances of parents enabling a freeloader. You’ve worked too hard to sacrifice your financial independence and give up your golden years. Even if you have enough to support two generations indefinitely, being the “Bank of Parents” won’t help anyone in the long run. Be your own “pension fund” manager. Independence is the real goal of retirement. That means listening to experts, but also learning to make savvy financial decisions for yourself. Today, pensions are virtually nonexistent in the private sector. Soon they won’t exist in the public sector either. So all of your retirement—including saving, investing, debt reduction, tax planning, estate planning—is up to you. There’s a lot to learn, but the information is there for the taking. I’ve known too many people who retired with a large chunk of change only to panic because they had no clue how to manage it. These folks were afraid, rightly so, because their lack of financial know-how made them vulnerable. Give yourself a financial education while you’re accumulating wealth so you can enjoy that wealth once you retire. Otherwise, you might leave a high-stress job for a high-stress retirement. Maximize your tax-preferred retirement savings. Only 10% of those eligible for employer-sponsored 401(k) programs maximize their contributions. There are real financial benefits to contributing to your 401(k), and it’s a mistake to turn down that free money, especially if your employer will match all or part of your contributions. In that same vein, tapping into retirement accounts to pay off bills is almost always a mistake. Unless you absolutely need the money for basic survival, you’re much better off leaving your retirement money alone. Like many things in life, once you tap those funds, it gets easier and easier to do it again. Before Congress passed the first Social Security Act in 1935, retirement was for a wealthy few. Since then, Social Security has fostered the illusion that we need not worry about money and that retirement doesn’t require a large personal nest egg. Reality is far harsher. I know people who’ve tried to live on their Social Security alone; now they are all back at work. A happy retirement rarely comes for people who choose to worry about retirement later. Get out of debt. Many retirees are drowning in debt. It’s a topic we touched on in The Reverse Mortgage Guide when discussing why seniors are turning to reverse mortgages at an increasingly younger age. Independence is pretty hard when you don’t have any money. And don’t fool yourself: if you have a million dollars in your brokerage account and a million-dollar mortgage, you’re broke. Forget all the fancy formulas. When you stop paying people to rent their money, that’s when real wealth building can start. Get some professional help. Even if you have a small nest egg, I strongly recommend going to a professional certified financial planner (CFP) for a regular checkup. I don’t mean pay someone to manage your money, although that is an option. Much like an annual physical, however, we can all benefit from an independent, qualified professional assessing where we are and how to stay (or get) on course. The checkup might cost a few hundred dollars, but it’s money well spent. Retirees cannot afford to be penny wise and pound foolish. Get in synch with your spouse sooner rather than later. During your working years, you trade time and expertise for money. For most folks, the goal is to save enough so that they don’t have to work full time to survive. Then, during retirement you trade money for time to pursue other interests. Sad to say, many people struggle to pinpoint what those interests are once they get there. One spouse might want to travel while the other is a homebody, etc. Retirement is no fun if only one spouse is living their dream. Happier couples talk and plan how they want to spend their time long before retirement day. As someone in or approaching retirement age, you’ve lived long enough to be a mentor in some area of life. So you already know that mentoring is about telling people what they need to hear—whether it’s on the baseball field, in the boardroom, or at the kitchen table (where most life lessons are learned). I urge you to pass your own “secrets to success” on to the next generation; they will thank you for it… eventually. In addition to our regular weekly and premium monthly issues, we’ve been hard at work producing a series of special reports on need-to-know retirement topics: financial advisors, reverse mortgages, income-producing stocks and low-fee ETFs, to name a few. You can download each of these timely special reports individually; or, if you really want to kick-start your financial education, you can begin your Money Forever premium subscription now and receive access to all of our special reports, our current issue, and the Money Forever archives. The November issue of Money Forever goes live next Tuesday, and we have an exciting new portfolio pick to share with our subscribers. Click here to reserve your copy today. On the Lighter Side For those of you in other parts of the world, November is one of the nicest months of the year in Florida. Hurricane season is over (hopefully), the daily rains have let up, and the temperature is usually in the 80s. My wife and I love to put the top down and drive to dinner. The Chamber of Commerce did not pay me to put in a plug; it’s just that nice weather sure puts a smile on your face… the snowbirds are returning. On Sunday our Chevy SSR fan group had a dinner just west of Disney, with over 15 SSRs and around 32 people attending. It’s good to see so many of our northern friends once again. Here I am to the right of the yellow SSR, drawing a bit of attention along with the rest of our envoy: The holidays are right around the corner, beginning with the first day of Hanukkah right before Thanksgiving. I was starting to think about the holidays and our grandchildren when a picture from my wife popped up in my inbox. She tells me the grandma exemption means you get to do both. And finally… Our friend Bruce K. told us to expect several mergers next year: Hale Business Systems, Mary Kay Cosmetics, Fuller Brush, and W. R. Grace Co. will merge and become: Hale, Mary, Fuller, Grace. 3M will merge with Goodyear and become: MMMGood. Zippo Manufacturing, Audi Motors, Dofasco, and Dakota Mining will merge and become: ZipAudiDoDa. FedEx is expected to join its competitor UPS and become: FedUP. Grey Poupon and Docker Pants are expected to become: PouponPants. Victoria’s Secret and Smith & Wesson will merge under the new name: TittyTittyBangBang Until next week…last_img read more

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