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​Booming Swedish economy boosts inflows for pension providers

first_imgAccording to the report, premium payments to occupational pension schemes grew by 12% over the past year across the board, or by SEK18bn (€1.7bn) in absolute terms.Within this, inflows to collectively agreed occupational pension schemes using Sweden’s online pension centre, known as Valcentralen, increased by 17% or just over SEK10bn. For those schemes outside the election centre system, contributions rose 9%, or just over SEK2bn.The association attributed the rise in part to the increase in provisions for the occupational pension system, which was due to stronger economic conditions boosting the rate of employment and the total wage bill in Sweden.Svensk Försäkring also said, however, that Swedes were earning more and entering the higher pension contribution bracket of 30% of salary or higher, instead of 4.5%. Contributions to Swedish occupational pension providers increased by 17% in the first quarter compared to the same period last year, according to figures published by Swedish industry association Svensk Forsäkring.Of the country’s main providers, Folksam and Alecta increased their market share over the period, while Skandia and AMF experienced decreases, the data showed.The three largest funds – Folksam, Skandia and Alecta – accounted for 38% of premiums paid annually, as of 31 March.Martin Solberger, quantitative analyst at Svensk Försäkring, said: “There are several reasons why occupational pensions are growing strongly. Provisions for the occupational pension system have increased, in many contract areas.”last_img read more

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Snooker world championships continue

first_imgNorthern Ireland’s Mark Allen is in second round action later.He begins his match with four-time Crucible champion John Higgins in the afternoon session.This morning sees Kyren Wilson resume 5-3 up on 2015 winner, Stuart Bingham. There’s an all-Chinese meeting of Ding Junhui and Liang Wenbo.And Ronnie O’Sullivan will resume 6-2 up on 2005 winner, Shaun Murphy. Photo © Pixabaylast_img

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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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