“It is the opinion of the Danish FSA that AP Pension has under-implemented parts of the new legislation, which both the board of directors and the executive board of AP Pension agree with,” it said.Among other things, the Danish FSA had pointed out that its management system was inadequate, it said, adding that this meant the pension fund had to make a number of improvements.These included more and better ongoing controls and increased reporting partly between upper management and the executive board and partly between the executive board and the supervisory board.Other improvements that had been called for by the FSA were the allocation of more resources to certain areas and a clearer separation of functions in some areas, AP Pension said.Lægernes rectifies illiquid credit detailSeparately, the regulator put out another report on Lægernes Pension, the Danish doctors’ pension fund, regarding its illiquid credit investments – handing out six official orders to rectify certain issues.This report was part of the FSA’s ongoing focus on illiquid credit – for example investments in loan portfolios – in which it is examining the asset type at several life insurance companies and labour-market pension funds.The FSA said its inspection, carried out in February 2019, covered the pension fund’s organisation and processes for illiquid credit investments, including its investment decisions and compliance with the prudent person principle.Lægernes Pension responded to the report, saying the orders to rectify were mostly about the level of detail in illiquid credit policies and guidelines.“The rules on unlisted investments have been strengthened sharply in recent years,” it said, adding that because of this, the pension fund had hired external consultants to review its unlisted investments last year, before the inspection.“The consultants identified a number of focus areas. There is a great correlation between the consultants’ recommendations and the supervisory order,” the fund said.“We, therefore, expect to be able to implement the necessary measures quickly in cooperation with the Danish Financial Supervisory Authority,” it said. AP Pension has been ordered to shore up its management structures by the Danish FSA, in a post-inspection report in which the authority issued the commercial mutual pension fund with 35 separate official orders to remedy failings.The €15.8bn Copenhagen-based pension fund was told by the financial watchdog: “In the improvement of the management structure, the company should focus on strengthening the three lines of defence.”In the wide range of regulatory failures uncovered by the inspection which took place in January and February 2019, the FSA took aim at shortcomings in the company’s compliance, audit and actuarial functions in particular.AP Pension responded in a statement on its website, saying it took the report very seriously and has already righted more than half of the failings.
“But number 10 is the position I always wanted to play.” For now though he just wants to make the most of his opportunities. Scoring twice on his first Premier League start at Sunderland in October was not a bad way to make his mark. However, Januzaj understands there is much still to do – especially when he has set his goals so high. “My parents always told me to stay on my feet and keep working for myself and, if I can, try to be the best player in the world,” he said. “Football is not about age. If you are good enough to play, you have to play. “The boss gave me a chance and I couldn’t have asked for more than to score two goals on my debut. “I was really happy with those goals. Now I have to continue and score more if I can because I have to prove I can play at first-team level.” Januzaj has broken onto the first-team scene this season and become one of the few bright spots in David Moyes’ troubled first few months at the club. The 18-year-old has already been rewarded with a new five-year contract and made his Champions League debut in Tuesday’s victory over Shakhtar Donetsk. And it is clear, despite United’s present problems, Januzaj has a long-term plan that revolves around remaining at Old Trafford. “My first opinion was to sign for Manchester United,” Januzaj told MUTV. “It was my first choice and I have signed for them. “I am happy here. If I could play all my life at Manchester United I would do it for the club.” Moyes has largely been using Januzaj in wide positions. However, the youngster, who was born in Belgium but is yet to commit his international future to any country given his Kosovan background, eventually feels he will move into a more advanced role. “My best position will behind the striker as a number 10,” he said. “I always used to play there when I was really young. I can also play on the wings and I always do my best. I would do that even if it was at left-back. It is my job. Press Association Manchester United youngster Adnan Januzaj has claimed he wants to stay at Old Trafford for the remainder of his career.
OAKLAND — At last Monday night’s Oakland Raiders football game, U.S. Immigrations and Customs Enforcement — best known for targeting undocumented immigrants — turned its attention toward counterfeit sports gear instead.The agency’s Homeland Security Investigations unit confiscated nearly $11,000 worth of fake merchandise, according to a news release.“HSI San Francisco is committed to conducting intellectual property theft investigations throughout the year, and preventing the sale of …
20 September 2010Former US first lady Jacqueline Kennedy once said that a love of books is the best way to enlarge a child’s world. But for many children in South Africa, this is not the reality.Access to books is limited for many of the country’s children, depriving them of the opportunity to develop a love for reading. It also puts children at a major disadvantage when it comes to literacy and educational opportunities.Chris Dykes from Infinity Learning, an organisation that equips children with study skills through various programmes, decided to establish the Bookshelf Project in response to the desperate need for reading material in many impoverished communities in South Africa.The project provides books and bookshelves to any organisation that works with children in such a capacity, mainly in Gauteng province.The project has already set up the infrastructure that will impact the lives of 2 000 to 3 000 children through the eight centres, which have already received bookshelves stocked with books.Stimulating a love for readingDykes says the need for books became apparent in his conversations with staff at children’s centres and schools in underprivileged areas.“It became clear to us that limited access to books was one of the main barriers to literacy improvement,” he says.South Africa has a major literacy challenge. According to the Progress in International Reading Literacy Study, coordinated by the International Association for the Evaluation of Educational Achievement, 80% of South African pupils do not develop basic reading skills by the time they reach grade five.“Our vision for the project is to facilitate a love for reading. I realised that kids need books to read. Many children don’t read because they don’t have access to books, not because they don’t want to,” Dykes says.Building bookshelves and collecting booksHe believes it isn’t enough to just teach a child to read. What children need is something worthwhile reading.“Children have to read books that are interesting, fun and that will help them to dream,” he says. This will help children improve their literacy skills, build their confidence and imagination, and ultimately improve their academic performance.The project has partnered with aftercare centres and schools that have a need for books and are keen run reading groups and homework sessions for the children they work with.“The initiative needs existing infrastructure to provide kids with a safe place to read,” he says.Instead of just distributing books, Dykes and his team also provide hand-made bookshelves to each centre. “Each bookshelf is built at our homes in our free time and no fees are charged for this time,” he says.But he says the project is growing so quickly that he is running out of time to build bookshelves. Soon he will have to outsource the construction to a carpenter.“Doing this is a great job creation opportunity that can also come from the project,” he says.Each bookshelf costs about R900 (US$122) to build and he is negotiating with a local hardware store to get a discounted price on the material needed for each shelf.The bookshelves are 1.8-meters wide and 1.5-meters high and can house 500 to 600 books. The goal is to ensure that every book collection contains a variety of books, including encyclopaedias, dictionaries, study guides, reference books, story books and picture books.All the books are donated by second-hand bookshops, schools and individuals who support the programme.“The response to the project has been phenomenal,” Dykes says. Just recently, a UK-based organisation, Book-Cycle, donated 3 000 to 5 000 books for the project.To date, the Bookshelf Project has collected books to the value of approximately R175 000 (US$24 000). Some of the books are not suitable for children and are donated to other charities such as Friends of Rescued Animals and Forest Farm, which supports people with cerebral palsy.Future plansThe Bookshelf Project has a goal to reach at least 10 000 children in the next three years, but Dykes says this is a conservative estimate.He says that the main goal is to collect as many books as possible. In the next few months, he wants to set up a book-collection system involving schools in Johannesburg.To start out, he wants to approach 10 schools to organise book collection days, once a year. In doing this, the project will receive 500 to 600 books every month. He also wants to ensure that each bookshelf is stocked with new books every year so that the children won’t run out of reading material.The Bookshelf Project is a labour of love for Dykes and he is encouraged by the positive response to it. He says that he is also amazed at how well the children have responded to the project.“I met a 16-year-old girl who had never owned a book in her life because her parents are too poor to buy her any books. It was heartbreaking,” he says.Through the project, she can experience the benefits of reading. Children are also taking ownership of the bookshelves by keeping them neat and tidy.“The kids at the centres are just incredible,” says Dykes.MediaClubSouthAfrica.com reporter – get free high-resolution photos and professional feature articles from Brand South Africa’s media service.
“I tried to push myself, but I felt differently when I was 20 to 25 year old. Back then, when you work hard in training, overnight you’ll already be fully recovered. But now, as you age, when you work hard it would take time to recover your strength. So more rest, yes.”For now, however, Pacquiao feels ready to wage war against Horn.“I’m already in fight mode. I’m focused.”Chief trainer Freddie Roach and strength and conditioning coach Justin Fortune agree.That’s why they decided to cancel Saturday’s training so that Pacquiao can rest for the direct flight to Brisbane, via a chartered Air Asia A333 jet, set at 11 a.m.ADVERTISEMENT Lacson: SEA Games fund put in foundation like ‘Napoles case’ GEN. SANTOS CITY—Manny Pacquiao swears his speed is back and so are the hard punches after the conclusion of his gym work here Friday.ADVERTISEMENT Pacquiao will take a break Sunday, before getting back to the gym in Brisbane on Monday for his final four-round sparring.Though Roach said Friday’s sparring wasn’t the best among the 118 rounds they’ve spent thus far, he expressed elation that he’s seeing traces of the Pacquiao of old. Happy, fiery, feisty.“I see the old Manny, I like what I’m seeing,” said Roach.Pacquiao was again in a jovial mood, telling Fortune “I love this game,” as he was skipping rope.“If you love what you are doing you never get tired of doing it. I’ve been doing this for 25 years.”Sports Related Videospowered by AdSparcRead Next Cayetano to unmask people behind ‘smear campaign’ vs him, SEA Games World’s 50 Best Restaurants launches new drinking and dining guide LATEST STORIES Heart Evangelista admits she’s pregnant… with chicken View comments MOST READ 1 dead in Cavite blast, fire La Salle, San Beda forge Filoil title duel Don’t miss out on the latest news and information. Ethel Booba on hotel’s clarification that ‘kikiam’ is ‘chicken sausage’: ‘Kung di pa pansinin, baka isipin nila ok lang’ What ‘missteps’? Robredo: True leaders perform well despite having ‘uninspiring’ boss PLAY LIST 02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games Still, Pacquiao wouldn’t guarantee that the long-awaited knockout will come when he dangles his World Boxing Organization welterweight crown against Australian Jeff Horn in Brisbane on July 2.“Let’s see,” said Pacquiao. “We can’t underestimate our opponent, he’s unbeaten (16 wins, one draw, 11 knockouts). What I did was to make sure that I’m 100 percent (fit and ready) for the fight.”FEATURED STORIESSPORTSSEA Games: Biñan football stadium stands out in preparedness, completionSPORTSPrivate companies step in to help SEA Games hostingSPORTSMalditas save PH from shutoutWith the way he performed in his six rounds of sparring, three each against Filipino Sonny Katiandagho and Aussie George Kambosos, it was evident that Pacquiao was holding back for the 12-round bout set at the 52,500-seat Suncorp Stadium.Reason: Pacquiao admitted that his 38-year-old body is no longer responding the same way it used to when he was younger. WATCH: Firefighters rescue baby seal found in parking garage
TagsTransfersAbout the authorPaul VegasShare the loveHave your say Leicester boss Rodgers admits Toure has management plansby Paul Vegas2 days agoSend to a friendShare the loveLeicester City boss Brendan Rodgers admits they could eventually lose assistant coach Kolo Toure.Toure’s ambition is not limited to City, says Rodgers.The Ivorian has already had a spell as the assistant manager of his home nation.“One day, he has mentioned he would love to take an African team to a World Cup and win it,” Rodgers said.“In his home country, he’s a superstar. Wherever he goes he’s a superstar, Kolo, everybody loves him. He’s got a lot to offer.”
TORONTO – The Canada Housing and Mortgage Corporation says the country’s mortgage debt increased at a slower pace in the last quarter of 2017 compared to the year before.The Crown corporation attributes the slowdown to rising interest rates and decreasing home sales.In its quarterly mortgage and consumer trends report, CMHC also reveals that the growth rate of home equity line of credit debt more than doubled when compared to the fourth quarter of 2016, trailing credit card and auto loan debt.Meanwhile, the demand for new mortgage loans was sluggish with the number of loans opened in the last quarter of 2017 falling by 7.7 per cent from the year before to reach 234,000.CMHC says the number of consumers with a mortgage loan in the fourth quarter reached its highest point in the last three years.
Can you take a vacation from your cellphone? A growing number of hotels will help you find out.Some resorts are offering perks, like snorkeling tours and s’mores, to guests who manage to give up their phones for a few hours. Some have phone-free hours at their pools; others are banning distracting devices from public places altogether.Hotels that limit cellphone use risk losing valuable exposure on Instagram or Facebook. But they say the policies reflect their mission of promoting wellness and relaxation. And, of course, they hope that happily unplugged guests will return for future visits.“Everyone wants to be able to disconnect. They just need a little courage,” said Lisa Checchio, Wyndham Hotels’ chief marketing officer.People’s inability to disconnect is an increasingly serious issue. Half of smartphone users spend between three and seven hours per day on their mobile devices, according to a 2017 global survey by Counterpoint Research, a technology consulting firm. In a separate study by the non-profit Common Sense Media, 69 per cent of parents and 78 per cent of teens said they check their devices at least hourly.Wyndham knew it had a problem when hotel managers requested more beach chairs to accommodate all the people who would sit in them and stare at their phones. It discovered that the average resort guest was bringing three devices and checking them once every 12 minutes — or roughly 80 times a day.On Oct. 1, Wyndham Grand’s five U.S. resorts began offering prime spots by the pool, free snacks and the chance to win return visits when guests put their phone in a soft, locked pouch. The phones stay with the guests, but only hotel staff can unlock the pouches.Wyndham says 250 people have used the pouches so far at resorts in Florida and Texas. The program will be found at more Wyndham hotels next year.Wyndham Grand resorts also give families a 5 per cent discount on their stay if they put their phones in a timed lockbox. The hotel provides supplies for a pillow fort, s’mores, a bedtime book and an instant camera for adults and kids who don’t know what to do with all the newfound time on their hands.That appeals to Matthew Cannata, who heads public relations for the New Britain, Connecticut, schools. He worries about the impact of technology on his two young children, and he tries to keep devices out of sight during family meals.“Any chance I can get to put the phone away is great. Sometimes, people need to be forced to do things to start a thought process and then create a habit,” he said.At the Grand Velas Riviera Nayarit in Mexico, a so-called Detox Concierge will “cleanse” your suite of all electronic devices and replace them with games like Jenga and chess. Guests at its sister resort, the Grand Velas Riviera Maya, trade in their phones for a bracelet that gives them free access to activities like snorkeling; they must do at least four activities to earn back their phones. A timer placed in the lobby shows how long each family has lasted without their devices.Emily Evans likes the idea of rewarding people for putting their phones away. A senior at Eastern Kentucky University, she says she barely keeps her phone charged while on vacation, but her girlfriend is constantly checking her phone.“I feel most millennials would choose discounts and saving money over having their phone out to Instagram and Snapchat pictures of their meals,” Evans said.At Miraval, a Hyatt-owned resort in Arizona, the emphasis is less on family time than on mindfulness and tranquility. Miraval, which will soon open two more resorts in Texas and Massachusetts, bans phone use in most public areas.Guests are encouraged to tuck their phones into soft cotton bags and leave them on small wooden beds in their rooms. Staff wears name tags with gentle reminders that guests should unplug and “be present.”Some resorts encourage a total ban. Wilderness Resorts, an African safari operator, intentionally provides no Wi-Fi at many of its camps. Adrere Amellal, a 40-room hotel at the Siwa Oasis in Egypt, lets guests have phones in their rooms, but there’s no electricity or Wi-Fi.Not all vacationers want to be weaned from their devices. Phones double as cameras, music players, travel guides and e-readers. They also might be critical in an emergency.David Bruns, a communications manager for AARP Florida, uses two phones. He tries not to check his work phone after hours, but he carries his personal phone everywhere.“I don’t think I would like being made to put the thing down,” Bruns said. “It feels like that is more about me being told what to do by people I am paying to do something for me.”Ayana Resort and Spa in Bali, Indonesia, understands that, so it tries to meet guests halfway. Its winding River Pool bans phones between 9 a.m. and 5 p.m. But it invites guests to take photos and post away to social media before and after those times.Dee-Ann Durbin, The Associated Press