ERAFP updates SRI charter to reflect diversification, ‘urgency’ of issues

first_imgFrance’s €25bn civil service pension scheme has revised its socially responsible investment (SRI) charter to “more forcefully” take into account “changes in the extra-financial environment”, such as climate change and the fight against tax evasion.The pension fund’s board of directors first approved an SRI charter in March 2006.Announcing the revision today, ERAFP said that, since then, its investments had diversified and that its SRI approach had expanded – via the adoption of shareholder-engagement guidelines, for example.It said “conditions have also changed since 2005”, with some issues having become “even more urgent”. “The spirit of the charter remains unchanged but has been supplemented by mention of ERAFP’s role as an active shareholder through a policy of shareholder engagement based on formally defined guidelines, more forceful follow-up of controversies and measurement of the effective impact of the ESG criteria,” it said.The latter aspect – impact measurement – is about being able to measure the “effective impact over time of the ESG selection criteria in the context of the ‘best in class’ approach, shareholder engagement and progressive reduction of the carbon footprint of ERAFP’s investment portfolio,” according to ERAFP.It also said the diversification of its investments meant it felt the charter’s principles needed to be articulated “at operational level according of the specific characteristics of the various asset classes and regions”.An extract of the board’s October 2016 decision to revise the charter states that “breaches of or complicity in breaches of recognised international standards by issuers” should “cease”.It adds that the board of directors “stresses its desire to encourage the organisation in which it invests to implement a constantly improved management of their impact on society and the environment”.“In particular,” it says, “it is in this sense that, in the event of failure of these attempts to influence, that exclusions may be decided.”last_img read more

UK workers face mandatory pension contribution increase

first_imgHowever, some experts have warned that the increase could prompt a spike in the number of people opting out of their pension scheme.Vince Smith-Hughes, retirement expert at Prudential, said: “Many young people say they do not have the spare cash to save and there is a danger that the increase in contributions leads to more people opting out.“It’s important to remember that responsibility for saving for retirement has shifted from government to individuals over recent times and the best approach is to save as much as you can as early as you can.”Catherine Doyle, head of defined contribution pensions at Newton Investment Management, called for the government to review the balance between employer and employee contributions.She added: “The stark fact remains that, while the industry acknowledges that significant progress has been made, the elephant in the room remains that individuals are still woefully unequipped to fund an increasingly lengthy retirement period.“While contribution rates are hugely influential in building up a decent-sized pot, so is having an investment strategy that delivers solid, long-term returns. As pot sizes grow, attention may well turn to what is under the bonnet of default strategies, particularly in the context of increasingly volatile equity markets and the need to maintain opt-out rates at low levels.”Data from the Office for National Statistics (ONS), released yesterday, showed that overall membership of workplace pensions had grown from 67% to 73%.However, nearly half of those contributing to a private sector pension paid in less than 2% of salary, the ONS found.Frances O’Grady, general secretary of the Trades Union Congress, welcomed the improved coverage but argued that employers were “putting in the bare minimum”.However, a separate survey from Royal London found that nearly four out of five firms said they considered pension provision an important benefit to offer new and existing employees.Employers in Royal London’s survey also said they would be prepared to facilitate automatic increases to contributions whenever basic pay rose. Two-thirds (66%) backed this, while 62% said they would match any such increase. Millions of UK workers will see their pension contributions increase from next week as part of the latest stage of the country’s auto-enrolment programme.From 6 April, the minimum contribution for staff automatically enrolled into a workplace pension scheme will rise from 2% to 5%. This is made up of 3% from the employee and 2% from the employer.Employees can pay less if their employer’s contribution brings the total payment into the scheme to 5% of salary.Minimum contributions will increase again from 6 April 2019, to 5% for employees and 3% for employers.last_img read more

Man seeks euthanasia to end his sexuality struggle

first_imgBBC News 9 June 2016Family First Comment: More slippery slope…..“Psychiatrist Caroline Depuydt, who works at the Clinique Fond’roy psychiatric hospital in Brussels, prefers to encourage patients to seek further treatment. “We always have something that could work. Time, medication, psychotherapy – something that we must try and keep going with that. And the psychiatrist must give hope to the patient that it’s never finished,” she says.”A gay man in Belgium is trying to end his life because he cannot accept his sexuality. He told the Victoria Derbyshire programme he wanted to be granted euthanasia on the grounds of extreme psychological suffering.Sébastien has thought carefully about the moment he hopes his life will come to an end.“The moment when they put the drip in my arm – I’m not worried about that,” the 39-year-old explains. “For me, it’s just a kind of anaesthesia.”Sébastien, whose name we have changed to protect his identity, is from Belgium – where euthanasia has been legal since 2002.There were 1,807 confirmed cases of euthanasia in 2013, the most recent year for which figures are available.The majority of cases are elderly people suffering from terminal illnesses including cancer – only 4% were suffering from psychiatric disorders.‘Permanent suffering’For Sébastien, or anyone else in Belgium who seeks euthanasia as an option, it is not as simple as asking a doctor and being granted a lethal injection.The law states that patients must demonstrate “constant and unbearable physical or mental suffering”.In psychological cases, three doctors must agree that euthanasia is the right option.Nevertheless, Sébastien remains determined to pursue it.“I have always thought about death. Looking back on my earliest memories, it’s always been in my thoughts. It’s a permanent suffering, like being a prisoner in my own body,” he says.“A constant sense of shame, feeling tired, being attracted to people you shouldn’t be attracted to – as though everything were the opposite of what I would have wanted.”There is widespread public support for the euthanasia law in Belgium and the number of approved cases has risen year by year since it came into effect in 2002.In 2014, the law was amended to allow euthanasia for terminally-ill children.But there is debate among the medical profession about whether it should be an option for people who are mentally ill.Psychiatrist Caroline Depuydt, who works at the Clinique Fond’roy psychiatric hospital in Brussels, prefers to encourage patients to seek further treatment.“We always have something that could work. Time, medication, psychotherapy – something that we must try and keep going with that. And the psychiatrist must give hope to the patient that it’s never finished,” she says.“It’s a very difficult law, it’s a philosophical and ethical question, very deep and there is no one good answer.”READ MORE: up with family issues in NZ. Receive our weekly emails direct to your Inbox.last_img read more

Mayweather and Pacquiao arrive in Las Vegas

first_imgBoxers Floyd Mayweather and Manny Pacquiao arrived in Las Vegas on Tuesday and participated in rallies attended by fans.The showdown between the two top fighters, which has been years in the making, is expected to smash pay-per-view records, both in terms of buys and revenue. For the crowds at the rallies, it is most likely the only chance to see the fighters ahead of the much-anticipated bout.The MGM Grand Garden Arena, which has a capacity of 16,800, will be packed with big names with only 500 tickets offered for sale to the general public.Undefeated Floyd Mayweather was welcomed by the Southern University marching band and thousands of fans, while Pacquiao greeted a smaller crowd of about a thousand.last_img

2 persons fall in sting op

first_imgFifteen sachets of suspected shabuvalued at around P150,000 were seized from 53-year-old Araceli Soliza and39-year-old Errol Vargas, a police report showed. Antidrug operatives of the TalisayCity police station staged the entrapment operation which led to the arrest ofthe suspects around 4:30 p.m. on Friday.  Aside from suspected shabu, a P1,000cash, a P300 marked money and two cellphones were recovered from them, thereport added.   BACOLOD City – Police nabbed two drugsuspects in a sting operation in Barangay Zone 10, Talisay City, NegrosOccidental.  The suspects were detained and chargedwith violation of Republic Act 9165, or the Comprehensive Dangerous Drugs Actof 2002./PNlast_img

Thornton repeats with opening night Late Model Super Nationals crown

first_img“Every Super Nationals championship is special,” said Thornton, also the 2016 Modified king, “but this one means a lot because we really had to work for it.”  After Dumpert got too high and fell off the pace, both Thornton and Gustin took turns at the front of the fast-paced feature with Gustin and Nezworski close behind. The front pair were in lapped traffic when Thornton got by for good.  The win came in just his second night back in a Todd Cooney-owned car, a 2020 Capital.  Thornton got the lead back from Jeff Aikey on the 32nd of 50 circuits, then led Richie Gustin through lapped traffic to the $3,000 checkers Monday night at Boone Speedway.  Ricky Thornton Jr. raced to a second consecutive Late Model championship, on opening night of the 38th annual IMCA Speedway Motors Super Nationals fueled by Casey’s at Boone Speedway. He is pictured with IMCA President Brett Root. (Photo by Tom Macht, Thornton had started seventh, Gustin from sixth. Aikey, who was chasing his career eighth and seventh Late Model crown, ended in third while Andy Nezworski worked his way back into the top four with 11 laps left. BOONE, Iowa (Sept. 7) – Ricky Thornton Jr. became a two-time champion at last year’s IMCA Speedway Motors Super Nationals fueled by Casey’s. “It was really hard this year, admitted Thornton. “I tried high, I tried low and I was finally able to move by him (Aikey) for the lead.” Darrel DeFrance was sixth in his record-extending career 30th Super Nationals start. Aikey raced in the Late Model main event for the 22nd time, Greg Kastli for the 20th.  Feature results – 1. Ricky Thornton Jr., Adel; 2. Richie Gustin, Gilman; 3. Jeff Aikey, Cedar Falls; 4. Andy Nezworski, Buffalo; 5. Jesse Sobbing, Malvern; 6. Darrel DeFrance, Mashalltown; 7. Justin Kay, Wheatland; 8. Nick Marolf, Moscow; 9. Charlie McKenna, Ames; 10. Gary Webb, Blue Grass; 11. Curtis Glover, Knoxville; 12. Jacob Waterman, Colona, Ill.; 13. Andrew Tilley, Omaha, Neb.; 14. Greg Kastli, Waterloo; 15. Logan Duffy, Independence; 16. Curt Schroeder, Newton; 17. Kaleb Jasperson, Pierce, Neb.; 18. Joe Zrostlik, Long Grove; 19. Greg Krohn, Albion, Neb.; 20. Darren Mish, Hazel Green, Wis.; 21. Cory Dumpert, York, Neb.; 22. Zach Zentner, Cedar Rapids, Neb.; 23. Joel Callahan, Dubuque; 24. Jon Passick, Waterloo. Nebraskan Cory Dumpert had the fastest car at the start, building a half straightaway advantage over Nezworski before a lap eight caution. Thornton got up to second but could only watch as Aikey drove by to the front on lap 17. All three drivers were in the starting field when the division joined the Super Nationals program at Boone in 1988. Aikey and Thornton are among the five drivers to have won championships in multiple divisions. He became a two-time Late Model champion on a windy opening night of the 2020 event.last_img read more

Amack’s awards several local organizations during Re-grand Opening

first_imgBatesville, IN—Amack’s Well more than just a great place to get a warm cup of joe.  It certainly offers a warm, welcoming atmosphere to enjoy fellowship, art, and more.  The shop was a buzz as they held a re-grand opening Tuesday evening to reveal their new 2nd-floor space available. After the ribbon-cutting ceremony with the Batesville Area Chamber of Commerce, Amack’s Board President Jeff Gaatz announced 8 local not-for-profits that they are giving back to. They are able to give over $20,000 back to the community due to the generosity of customers.  Groups that were awarded funds last evening include Young Life, New Horizons, Riley County Community Foundation Genesis Project, Kintribute, One Community One Family, Southeastern Indiana Health Clinic, So Loved clothing Closet,  Summer Food Program.  There were also able to help 8 local families in financial need.last_img read more

Patching begins Monday on I-74 between S.R. 101 and Ohio state line

first_imgRipley and Dearborn Counties, IN— Patching work is scheduled to begin Monday, April 13, on I-74 between S.R. 101 and the Ohio state line in Ripley and Dearborn Counties. Daytime lane closures are scheduled as follows and will be in place from 7 a.m. to 5 p.m. each day. The work schedule is subject to change.Beginning Monday, April 13 on I-74 WB: Right lane closed between Ohio state line and U.S. 52 (Exit 169)Beginning Wednesday, April 15 on I-74 EB: Right lane closed between S.R. 101 (Exit 156) and S.R. 1 (Exit 164)Additional patching operations will continue the following week and will include ramp closures at the S.R. 1 and U.S. 52 exits for up to two days at a time. Message boards will be in place to alert drivers of the closures. Mainline milling and paving is expected to begin next month on this same section of I-74. The entire project is expected to be complete by mid-October. Motorists should slow down, use extra caution and drive distraction-free in all work zones. All work is weather dependent.last_img read more

Guyana Jaguars regain top spot

first_img– Alleyne, Cornwall are top performersAFTER the third round of PCL 4-DAY matches which ended on Tuesday, the Guyana Jaguars regained the top spot with 33.6 points.The Jaguars are closely followed by Barbados Pride with 33.4. Leeward Islands Hurricanes have emerged as a strong force and are in third place with 29.4 points after hugging the bottom of the table for many years. Still, it is a very close race, with six points separating first to fifth.Jamaica Scorpions (28.6), Trinidad and Tobago Red Force (27), while Windward Island Volcanoes are at the bottom with 17.6 points.Meanwhile, Anthony Alleyne and Rahkeem Cornwall are the top performers following the first three rounds.Alleyne, the Barbados Pride left-handed opener, has been the most prolific batsman so far with 443 runs from five innings at an average of 88.60.He entered the first break in the season with four successive scores of 50 runs or more, including a maiden first-class hundred, 186 against Trinidad & Tobago Red Force in the second round.The 23-year-old Alleyne, a former West Indies Under-19 player, is the only batsman to aggregate more than 300 runs for the season – and only six others – including former West Indies batsman Shivnarine Chanderpaul – have reached the 200-run threshold.Cornwall, the Leeward Islands Hurricanes off-spinner, has been the most successful bowler so far, with 19 wickets at an average of 23.68 runs apiece.The 23-year-old from Antigua and Barbuda has continued in the rich vein of form from the recent West Indies A-Team trip to Sri Lanka, where he was the visitors’ most successful bowler.He has twice captured five wickets or more in an innings twice this season, including a best bowling performance of 6-82 against two-time defending champions Guyana Jaguars.There are two more rounds of matches before the Christmas break.last_img read more

Cricket News This woman ‘shatters’ Sachin Tendulkar’s record, Master Blaster says it happened first time

first_img For all the Latest Sports News News, Cricket News News, Download News Nation Android and iOS Mobile Apps. New Delhi: As they say, “Cricket is a religion in India and Sachin Tendulkar is the god of that religion”. The more and more we get to know about this legendary cricketer, the more we fall in love with him.Recently, Sachin Tendulkar, through his official Instagram account told his fans something that we would have never imagined.The record-making cricketer shared an image which was captioned, “A First for me! You may not know this, but I have never gotten a shave from someone else before. That record has been shattered today. Such an honour to meet the Barber Shop Girls. #DreamsDontDiscriminate”Here’s the post:last_img