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Local council rejects Berkshire claims over failed scheme merger

first_imgHowever, in December, while committee members for the RBWM’s Berkshire Pension Fund approved extensive collaboration with the other two schemes, committees at Buckinghamshire and Oxfordshire rejected the merger.They said no decision could be made until a central government consultation on investment strategies for the 89 local government pension schemes (LGPS) in England and Wales was complete.The Department for Communities and Local Government (DCLG) is currently considering consultation responses on whether to mandate LGPS funds to invest all listed assets passively and via a collective vehicle. However, the RBWM dismissed this reasoning and accused the councils of abandoning the merger after holding separate discussions with Northamptonshire.In December 2014, the  Buckinghamshire, Northamptonshire and Oxfordshire councils announced a Tri-County Council Alliance, with the view to working together across a range of issues.In response to the RBWM’s claims, Neil Gibson, strategic director at Buckinghamshire, said: “Establishing the Tri-County Council Alliance and the formal decisions both ourselves and Oxfordshire made on pension fund collaboration with the RBWM were completely unrelated.“The focus of the combined authority alliance is to unlock new opportunities for economic development across the three county areas and not on sharing or merging services.”Oxfordshire also said it held no discussions with the Northamptonshire pension fund on collaborations or mergers.When deciding not to continue with the RBWM, both Buckinghamshire and Oxfordshire said the DCLG consultation decision would materially impact the cost/benefit analysis undertaken on the merger.However, Buckinghamshire also said the investment strategy between its £1.8bn (€2.4bn) pension fund and the £1.6bn Berkshire Pension Fund differed too greatly to merge, and the pensions committee agreed to investigate the possibility of collaboration with Oxfordshire alone.The £1.5bn Oxfordshire Pension Fund’s committee similarly agreed to consider collaboration with “more suitable” pension funds.A note explaining the failed merger published by Nick Greenwood, pension fund manager at the RBWM, said no mention of the Tri-County Council Alliance was made at previous meetings between the three funds.“Consequently, it is clear both councils [Buckinghamshire and Oxfordshire] have no intention to collaborate with the RBWM on managing pension funds,” he said. Buckinghamshire County Council (BCC) has dismissed claims that a proposed pension scheme merger failed because it sought to collaborate with another council.The reaction comes after talks between the pension schemes for the Royal Borough of Windsor and Maidenhead (RBWM), Buckinghamshire and Oxfordshire County Council fell through at the final hurdle, after months of working to merge investment management and administration activities.The RBWM said negotiations failed due to on-going discussions between Buckinghamshire and Northamptonshire County Council.The schemes began talks 18 months ago to cut costs and increase efficiencies, with all three councils agreeing that their investment and liability profiles matched to make a merger feasible.last_img read more

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Angels’ Justin Upton faces live pitching, moves closer to rehab assignment

first_img Angels’ Mike Trout working on his defense, thanks to Twitter Angels’ Shohei Ohtani spending downtime working in outfield One pitcher who won’t be pitching for a while is seventh-rounder Davis Daniel, from Auburn. He had Tommy John surgery in April.The Angels have until July 15 to sign their draft picks. The vast majority will sign relatively quickly.The slot value for their top pick, shortstop Will Wilson, is $3.89 million.One of the most intriguing to watch will be 31st-round pick Spencer Jones, a pitcher/outfielder from La Costa Canyon High in Encinitas. He was considered a top-100 prospect and would have been picked in the first few rounds if not for his commitment to Vanderbilt.“We’ll see,” Swanson said. “You never know how things shape up, but whether it’s with us or with Vanderbilt, he’s a special kid and a special talent.”UP NEXTAngels (LHP Tyler Skaggs, 4-5, 4.50) vs. A’s (RHP Mike Fiers, 4-3, 4.78), Thursday, 7 p.m., Fox Sports West, 830 AM Upton missed most of spring training with a knee problem, so he is going to start the season with fewer at-bats than normal even before he got hurt.Last week in Oakland, Upton said he figured he’d back around mid-June.Matt Harvey is also moving forward, set for a rehab start on Saturday at Triple-A Salt Lake. Harvey has been out with a back injury.Before he got hurt, Harvey had been struggling to the tune of a 7.50 ERA. Ausmus said he’s been able to “work on things” in his last two bullpen sessions while on the injured list.JC Ramírez, who is rehabbing from Tommy John surgery, gave up three runs in 4-1/3 innings in a 69-pitch outing at Salt Lake on Wednesday night. Ausmus said they still haven’t talked about what his next steps would be or whether they want to bring him back as a starter or reliever. Angels’ poor pitching spoils an Albert Pujols milestone Angels offense breaks out to split doubleheader with Astros center_img Jose Suarez’s rocky start sinks Angels in loss to Astros ANAHEIM — Justin Upton took a significant step toward a return to the Angels lineup.Upton, who has missed the whole season with a sprained toe, had eight at-bats against live pitching.“He was good,” Manager Brad Ausmus said. “He actually hit a couple home runs.”Ausmus said Upton needs to continue getting at-bats against live pitching, and then have a rehab assignment. Asked how many at-bats Upton needs, Ausmus said: “A full spring training would be like 50 to 60 (at-bats), so probably a little short of that.” Andrelton Simmons, who is out with a sprained ankle, has been taking some swings and walking without crutches or a boot.Simmons said he doesn’t know when he’ll be back. A normal timeline for a grade three ankle sprain would be eight to 12 weeks, which would be late July to mid-August.“I’m feeling pretty confident that I should be at least a little faster than the norm,” Simmons said. “I’m just trying to get better the most I can every day.”DRAFT WRAP-UPAngels scouting director Matt Swanson injected the organization with a load of pitching, drafting a total of 29 pitchers – three of whom are two-way players – among the 40 taken in the draft.“The nature of baseball, you can’t have too much pitching,” Swanson said after the draft concluded on Wednesday. “You capture arms that you can bring in and develop, and some of them have a chance to move real quick and get to Anaheim in a hurry.“Even senior signs that we’ve taken over the last couple years, who have come in and maybe developed a new pitch or gotten stronger, or gotten with a different coach and something clicks and they move in a hurry. … Any time you can get pitching, you have to get it.”After taking shortstops with their first two picks, the Angels selected 14 consecutive pitchers before taking another position player.Now, the question will be how they’ll handle them. Last year the Angels took the radical step of having 12 of the 21 pitchers they signed sit out the rest of the summer. Instead of pitching in the minors, they simply worked out, improving their conditioning and refining their mechanics.Related Articles Newsroom GuidelinesNews TipsContact UsReport an Errorlast_img read more

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Larkin inducted to Hall of Fame

first_imgCOOPERSTOWN, N.Y. (AP)—Robert Larkin coached several sports while son Barry was growing up, none more important to the youngster than football.And it showed when Barry starred at Moeller High School in Cincinnati and received a scholarship to play for Bo Schembechler at Michigan. But after being redshirted his freshman year with the Wolverines, Larkin focused on baseball, became an All-Star shortstop with Cincinnati, and carved a Hall of Fame career in 19 years with the Reds. NEWEST HALL OF FAMER–Hall of Fame inductee Barry Larkin speaks with reporters following a tour of the National Baseball Hall of Fame and Museum in Cooperstown, N.Y. on May 5. Larkin was inducted into the National Baseball Hall of Fame and Museum on July 22, along with late Chicago Cubs star third baseman Ron Santo. (AP Photo/Tim Roske, File) Larkin, introduced to the game at the age of five by his dad, retired after the 2004 season with a .295 career average, 2,340 hits, 1,329 runs scored and 379 stolen bases, and was inducted into the National Baseball Hall of Fame and Museum Sunday.Robert Larkin,who started his protege in t-ball, said he was feeling absolute pride. “This is the ultimate,” he said. “I don’t think you can do much more than this.”If Barry Larkin had decided to stick with football, his dad figures the family would have had to make plans to be elsewhere on Sunday.“We’d be in Canton,” Robert Larkin said with a laugh as he pondered the pro football Hall of Fame in Ohio.PARKER’S PROJECT: In his Hall of Fame induction speech on Sunday, former Cincinnati shortstop Barry Larkin credited just about everybody who helped him, even former Pittsburgh star Dave Parker.Though Parker spent the first 11 years of his major league career starring for the Pirates, he was with the Reds when Larkin was a rookie in 1986 and was in Cooperstown on Sunday. He holds a special place in Larkin’s past.While Larkin was starring for Michigan in the early 1980s, becoming a two-time All-American and leading the Wolverines to a pair of appearances in the College World Series, Parker made a point of informing Reds shortstop Dave Concepcion—Larkin’s boyhood idol—that his job would soon be in jeopardy.“While I was up at the University of Michigan, the Reds came to Detroit to play the Tigers in an exhibition game,” recalled Larkin, who drove down to Tiger Stadium with the Wolverines equipment manager to meet some of the Reds players. “As soon as I walked into the clubhouse, Dave Parker grabs me by the hand and walks me right over to my idol’s locker, and he said, ‘Dave, you see this guy right here? This is Barry Larkin. He’s from Cincinnati. He’s going to take your job.last_img read more

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