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UK roundup: L&G buys pension pot consolidator in ‘dashboard’ move

first_imgLegal & General Retail Retirement has acquired a 100% stake in Finovation Limited, a company specialising in pension pot tracing and consolidation.L&G this morning said the acquisition of Finovation, which trades as MyFutureNow, would support its defined contribution (DC) and retail retirement businesses by enabling it to provide customers with a view of their pension and retirement savings, including individual pots, workplace savings and their underlying investment assets.The acquisition comes a few months after the UK government presented the framework for its own initiative on pensions “dashboards” – digital tools intended to give individuals an overview of all their pension savings in one place.Chris Knight, CEO of Legal & General Retail Retirement, said L&G fully supported the government’s pension dashboard initiative, “but the reality is that it may be years before full coverage is realised”. According to a statement from L&G, MyFutureNow uses basic personal data and employment details plus “provider knowledge” to trace pension pots and provide updated details to customers. It could be used as a tracing service or as a way of creating a single ‘dashboard’ view of an individual’s pension savings portfolio.Emma Byron, managing director, Legal & General Retail Retirement Income, said L&G intended to make the new platform available through its DC business in the fourth quarter of this year, before launching it directly to consumers through its Retirement Income business in the first quarter of 2020.L&G said it would offer the MyFutureNow platform to its customers of retirement age but that it could also offer the service to working age customers. LGPS Central turns to KAS Bank for cost transparency assistanceLGPS Central, one of the UK’s eight local authority asset pools, will be using KAS Bank to help it with collecting and reporting cost information. The pooling vehicle will use KAS Bank to help it with collecting cost information across its range of investment mandates for pooled assets and those employed by its partner funds, according to a statement. A cost report to be generated by KAS Bank would be accessible to the LGPS Central team as well as its partner funds.The integrity and security of the cost data would be an important area of focus.Mike Weston, chief executive at LGPS Central Limited, said: “We are committed to being as transparent as possible about investment costs with our clients. We’re delighted to be working with KAS BANK and are looking forward to shining even more light on costs – one of the key benefits of the pooling process.”LGPS Central is the pooling vehicle for nine Midlands-based local government pension scheme (LGPS) pension funds with around £45bn (€48.6bn) of assets between them. LGPS Central is currently responsible for managing around £20bn of the assets.last_img read more

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Softball: Wisconsin heads to NCAA tournament for sixth time

first_imgThe Badgers will take on the Mizzou Tigers Friday at 8 p.m. with ESPN televising the match-up between the SEC and the Big Ten. For the sixth time in 20 years, the University of Wisconsin women’s softball team has earned a spot in the 2017 NCAA women’s College World Series.The Badgers (33-15, 11-11 Big Ten) were awarded one of the non-ranked spots by the NCAA committee this year and were one of five Big Ten teams invited to participate in this year’s tournament. The University of Minnesota, the University of Michigan, Ohio State University and the University of Illinois are among some of the teams hoping to hoist that national trophy for the Big Ten.This year’s selection, specifically the tournament locations, sparked quite a bit of controversy within the Big Ten. Minnesota, who is currently 54-3 this season, was not only un-ranked, but was also not allowed to host part of the tournament in Minneapolis.Softball: Sky is limit for Badger squad with wealth of experienceWhen all was said and done at the end of the 2016 season, the University of Wisconsin softball team found Read…The top seed at the 2017 NCAA tournament is the University of Florida, who currently has a 50-6 record for their season. Why Minnesota is not only un-ranked, but not even ranked higher than a school with a worse record than them continues to be a mystery to all Big Ten teams.This shows just some of the struggles that Big Ten softball has been going through for years. With Southeastern Conference and Pacific-12 teams constantly taking top-place rankings, Big Ten teams are usually seen as second-rate teams in comparison.Wisconsin softball: The classic underdog storyWisconsin walks into this tournament as the underdogs, both within their conference and within the tournament — but that’s just how the Badgers like to be seen. Senior catcher Chloe Miller plans on using the Badgers current underdog status to create waves at the tournament and to promote Big Ten softball as a whole.Softball: Chloe Miller adds draft pick to season resumeJust to add to the excitement of a University of Wisconsin softball team fighting for a postseason spot in the Read…“[Wisconsin] and the other four Big Ten teams that made it are banded together and we’re going out there to mess up some people’s plans and prove people wrong,” Miller said. “Being able to do that against [the University of Missouri] on primetime slot on ESPN, Friday night at 8 o’clock is pretty cool.”Wisconsin heads up to Oregon Friday to take part in the Eugene Regional round, hosted by the University of Oregon. If UW manages to take Mizzou, they will then continue on to yet another tough challenge, trying to defeat Oregon at home.UW faces challenges with OregonOregon is currently on a roll, with a 10-game winning streak and a 47-6 record so far this season. The Ducks are the No. 3 seed overall in this year’s tournament and have allowed a grand total of four runs in their last six games played.In comparison, Oregon managed to collect a grand total of 42 runs from their last six games played.Wisconsin head coach Yvette Healy knows this tournament is challenging, but she also knows that she is bringing a team that has managed to do demonstrably better on the road than they have at home. Healy and the Badgers only managed to get a grand total of three wins at home this year, ending with a 3-9 record at Goodman, but have a 14-3 record for away games and a 16-3 record for neutral games.Softball: Badgers improve on best start in program historyThe University of Wisconsin softball team continued rolling in this young season, improving to 12-2 on the year after the Read…“We play great on the road,” Healy said. “No one likes me saying this, but we’ve been to that regional twice and we’ve managed to put up four wins, so we’ve got more wins at Oregon’s field than we had at Goodman this year. That’s a crazy statistic, but it’s still true so I’m riding on that — that it feels great so let’s go for our fifth win at that stadium.”last_img read more

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Premier League: Blackburn 0 – 1 Tottenham

first_imgPeter Crouch’s early header secured Tottenham’s first win in five matches as they edged out Blackburn and kept the pressure on the top four.Crouch nodded home Rafael van der Vaart’s cross in the third minute and the visitors defended their lead well.Heurelho Gomes made smart stops from Junior Hoilett and Mame Biram Diouf as Rovers rallied after the break.Jermain Defoe then fired straight at Paul Robinson before Christopher Samba missed a late chance to rescue a point.Tottenham’s fifth clean sheet of the season, and the first achieved without key centre-back Michael Dawson, keeps them three points behind Chelsea in the race for a Champions League spot.The visitors were nowhere near their buccaneering best and were indebted to Gomes for a string of saves in the second half, but manager Harry Redknapp will be delighted with the gritty display from a side missing several of its best players. It was also the perfect response to the north Londoners’ humiliating 4-0 FA Cup defeat by Fulham three days earlier, which had threatened to send Tottenham’s hugely promising season off the rails.Much had been made of Spurs’ burgeoning treatment table before the match, with Redknapp naming two goalkeepers on the bench, but it was one of the beneficiaries of Tottenham’s injury problems who opened the scoring.Only three minutes were on the clock when Crouch, recalled to the starting line-up, rose above Samba and directed Van der Vaart’s pinpoint cross past Robinson to score his second Premier League goal of the season.The gangly hitman’s other strike was also against Blackburn back in November, and added to the double he scored at Ewood Park in Tottenham’s victory there last season.Rovers responded well to falling behind with the pacy Hoilett twice going close, first having a shot blocked by Vedran Corluka and then seeing Gomes tip his effort wide. The visitors withstood the burst of pressure and the half soon descended into a scrappy affair as Spurs showed little inclination to add to their lead and Rovers, while enjoying plenty of possession, failed to trouble Gomes.The closest they came was a fizzing David Dunn drive that flew narrowly wide and Ryan Nelsen’s attempt to convert a Dunn free-kick, also off target.The home side fashioned a better opportunity just after the restart, Diouf beating the offside trap and forcing a good stop from Gomes.But the chance failed to herald an increase in the tempo of the match, which ambled along uneventfully until it was momentarily ignited by two fine pieces of play from Aaron Lennon.The Tottenham winger made a surging 60-yard run from just outside his own box to the edge of Blackburn’s area, where he slid the ball to Defoe whose effort was charged down well by Robinson. Lennon then created a chance for himself, cutting inside from the left before unleashing a fierce right-footed strike that ex-Tottenham keeper Robinson did well to tip over.It sparked Rovers belatedly into life, with Gomes called into action three times in a five-minute Blackburn bombardment.The Brazilian keeper first turned Hoilett’s 20-yard strike wide with a fingertip save, then made an even better stop to deny Diouf from 12 yards, before standing firm to beat away a Morten Gamst Pedersen free-kick.Spurs then appeared to be closing out the match comfortably until injury time, when Samba’s goalbound header from Hoilett’s cross was diverted just over the bar by a vital touch from Jermaine Jenas.And there was still time for Keith Andrews to fire an effort straight at Gomes as Spurs clung on for a scrappy, but significant, victory. Source: BBClast_img read more

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