France publishes FRPS rules for insurer pension funds

first_imgThe French government has published rules formalising the creation of a new type of pension fund in France, known as “fonds de retraite professionelle supplémentaire” (FRPS).It allows insurers to move certain types of pension business off their balance sheets and out from under Solvency II regulation into new vehicles. One of the motivations is to free up investment that would stimulate the French economy.The “ordinance” was published on Friday. It is the final legislative step in the creation of the new pensions vehicle, which is provided for in omnibus legislation known as Sapin II, after the economy and finance minister Michel Sapin.The government has previously estimated that some €130bn worth of assets would be eligible for the transfer to FRPS vehicles. The Sapin II law mandated the government to create these FRPS by way of an ordinance. It sets out myriad aspects concerning these vehicles, such as the financial and prudential rules. These include a requirement to undergo annual stress tests, maintain a “solvency margin”, and to invest according to the prudent person principle.last_img read more

Rugby star Quade Cooper and model Laura Dundovic list Brisbane love nest

first_img The Cooper Residence at 34 Addison Avenue is listed with Damon Warat of Ray White Ascot, and hits the market today. The lower floor is home to three bedrooms including a private guest suite with its own bathroom at the front of the house. Two more bedrooms and a laundry are also on this level, as is the entertaining deck with day bed and a 16m lap pool with its own “swim-through” in to a downstairs bathroom. But the couple have already set their sights on finding their next project, and have been actively looking at renovators delights in Brisbane or a block of land near the beach on the Gold Coast. Getting Cooper’s young nephew out of the pool has proven a challenge. Picture: Adam HeadFor Dundovic, the wardrobe is a winner, but her favourite space is the master suite, describing it as “having everything we could need … very practical”.“And the guest room downstairs … whenever my family comes up from Sydney, they love being able to go up to Bellissimo for a coffee without waking us,” she said. The couple lived at the house during the renovation, saying they learned a lot from the process, with perfectionist Cooper teasing that he often played good cop to Dundovic’s bad cop. Dundovic admitted they had even agonised over the placement and font of the numbers for their letterbox. “We were very hands on,” she laughed. Cooper said they had not planned on leaving the house so soon, but “you can’t always predict the future”. The walk-through wardrobe looks more like a department store. The property comes with a marina berthUp more stairs there is a rooftop terrace with city views. A 12m marina berth also comes with the property, which will go to auction on December 7. How’s the symmetry?“When the kitchen came together, for me that was the best space. That living area, the pool aspect, seeing it all come together,” he said. “It was a bit small and disconnected (before the renovation) and I am very happy with the end result.“My nephew, who just turned two, whenever he comes over his first word is ‘pool’ and then once he is in, it is hard to get him out.”More from newsParks and wildlife the new lust-haves post coronavirus15 hours agoNoosa’s best beachfront penthouse is about to hit the market15 hours ago The master suite with walk-through wardrobe and ensuite is Dundovic’s favourite part of the house. Picture: Adam Head CELEBRITY glamour couple Quade Cooper and Laura Dundovic have put their renovated showpiece home in Bulimba – one of Brisbane’s most sought-after suburbs – on the market.Rugby star Cooper, who has signed with the Melbourne Rebels, left Brisbane on Thursday after he and Dundovic spoke exclusively to The Courier Mail about the house they made a home. Quade Cooper passing the ball during the Rugby Championship match between Australia and South Africa in Brisbane in 2016. Picture: PATRICK HAMILTON/AFPThe house was barely a decade old, but Cooper said he had always planned to renovate the property upon his return.In late 2017, and back in Brisbane, the couple engaged a local building firm to transform the house, admitting that they had hoped to do a lot of the work themselves but then found they needed help. A servery opens on to decking. The Cooper Residence at 34 Addison Avenue, Bulimba. Check out that viewing window in to the pool.“The hardest part was trying to get the different trades in,” Cooper said, recalling being out of his depth trying to choose tiles for the pool. Almost every inch of the house has been given a makeover, including the removal of a section of concrete to put in a grass lawn for their “two boys” — Chuck and Riddick, both American Staffordshire terriers.“That was a frustrating process,” Cooper said. “They ended up having a grass allergy so we had to change it three times.” The rooftop terrace. Picture: Adam HeadAs for the interiors, Dundovic said they had both poured over designs on Instagram and Pinterest, with Cooper admitting he was a bit ‘OCD about symmetry’.“I really like straight lines,” he said. “At my old house there was a door that didn’t line up with the window and it drove me nuts for a year so I had to get the builders in to fix that and then I was happy.”As for his current home, the former Wallabies playmaker said he was “very zen” thanks to “all that symmetry”. The ensuite from another viewpoint“This (Queensland) is my home and I imagine I will be back here at some stage,” Cooper said. In the meantime, they have rented accommodation in Melbourne, buying them some time to check out that local property market. “When you have done a renovation, you look at properties from a different perspective,” Cooper said, with Dundovic adding they now had an eye for a house with good bones. The entertaining area has been revampedOn the upper floor there is an open plan lounge and dining area at the front of the house that flows on to another deck. There is also a designer kitchen with integrated appliances and a servery window. Across the walkway is a sitting area or retreat which leads in to the master suite with its lust have walk-through ensuite and walk-in-robe. How is this for a cool feature? You can swim in to the downstairs bathroom for a shower! Quade Cooper and Laura Dundovic speak exclusively to The Courier Mail at their Bulimba home, which launches to the market today. Picture: Adam Head“We knew what we wanted,” model Dundovic, a former Miss Universe Australia, said. “We just needed help to make that happen.”Cooper bought the property for $1.845 million back in 2015, and lived in it for about a year before jetting off to play in France. Not a bad place to watch the sun set.last_img read more

Football grinds to a halt as Bundesliga banner insults escalate

first_imgHoffenheim’s billionaire investor Dietmar Hopp (C) was the target of an offensive banner unfurled by Bayern Munich fans Games across Germany were interrupted and delayed over the weekend due to offensive banners, highlighting a growing rift between the game’s governing body and the sport’s passionate ultras. Dortmund supporters vent their feelings towards the German FA Stadium announcers in Dortmund and Berlin threatened calling the games off unless the banners were removed, while Bayern Munich’s match at Hoffenheim finished in farcical scenes as the players from both sides kicked the ball to each other to wind the final 10 minutes off the clock. The interruptions are broadly symbolic of a fierce debate in German football between fans of traditional clubs and those of newer teams who have been bankrolled by investors and private owners. The protests have targeted the German Football Association (DFB) and its decision to hand down a two-year ban to Dortmund fans from travelling to the club’s games against Hoffenheim, after the Dortmund fans held up offensive banners.Advertisement The move has however only served to call fans into action over what they see as “collective punishment”. The fans won support from Cologne captain Jonas Hector after Saturday’s victory over Schalke, as he asked why should “20,000 people who have supported us for the entire 90 minutes be punished for the actions of a few?” Much of the rancour has been directed at Hoffenheim benefactor Dietmar Hopp, who has been widely criticised by fans after circumventing the league’s fan-ownership laws in order to invest more than 350 million euros ($387 million) into the village club, bringing it into the first division in the process. Offensive banners critical of Hopp have found their way into the stands in several fan blocks in recent weeks, including depictions of Hopp’s face in crosshairs while also calling him a “son of a bitch”. – ‘No excuses’ – Promoted Content9 Talented Actors Who Are Only Associated With One Role5 Reasons To Wait For The Solo Black Widow Movie6 Interesting Ways To Make Money With A DroneWho Is The Most Powerful Woman On Earth?You’ve Only Seen Such Colorful Hairdos In A Handful Of Anime7 Mind-Boggling Facts About Black HolesThe 10 Most Irresistible Asian ActressesTop 10 Tiniest Phones Ever Made8 Things That Will Happen If An Asteroid Hits Earth5 Of The World’s Most Unique Theme ParksWhy Do So Many Digital Assistants Have Feminine Names & Voices?Look At Something Beautiful That Wasn’t Made By A Human Beingcenter_img Loading… Bayern Munich chairman Karl-Heinz Rummenigge stood side-by-side with Hopp during Saturday’s fixture, shaking his head and pleading with his side’s fans to remove the banners.After the game, Rummenigge said he was “deeply ashamed” of the fans. “I apologised to him (Hopp), but there are no excuses for what the fans did.”Hopp himself said on Sunday that he had “no interest in dealing with people who have insulted me massively for years and want no consensus at all”.While he thanked the players on Saturday for taking a stand, he said similar stances needed to be taken against anyone “sewing the seeds of hate”.“Insults against everyone are to be condemned, no matter where and in what form. All racist and homophobic insults must be punished with all consequences.”There are however some in German football who feel that interrupting and even abandoning matches is not the right cause of action as it will only serve to rile up supporters.German football supporters have criticised comparisons of their protests with the deadly racist attacks in HanauRead Also: Bundesliga: Dortmund look to Haaland to help reboot title bidUnion Berlin boss Oliver Ruhnert, whose side’s home match against Wolfsburg on Sunday was delayed for more than 10 minutes due to banners targeting Hopp, said he wanted to avoid a situation “where I have to interrupt each and every game soon. I see that quite critically.”While saying that banners such as those targeting Hopp were a “no go”, he believes the DFB need to act in a less antagonistic fashion and prioritise opening up a dialogue with supporters.“The fans have a right to objectively criticise. It is always about being in conversation with one another and communicating.”FacebookTwitterWhatsAppEmail分享 last_img read more

Barca, Madrid to face 3rd Division clubs in Copa

first_imgRelatedPosts Vidal lands in Milan to complete move from Barca to Inter Barca president Bartomeu says he won’t go to war anymore with Messi Bale completes Tottenham return from Real Madrid Barcelona and Real Madrid will face Third Division clubs in the last 32 of the Copa del Rey, with the Catalan team taking on Ibiza and Madrid playing Unionista de Salamanca. It will be the first round that will include the teams that participated in the Spanish Super Cup – Barcelona, Madrid, Atlético Madrid and Valencia. Atlético and defending champion Valencia also will face third-division clubs – Cultural Leonesa and Logroñés, respectively. There will be two matchups between first-division clubs: Sevilla vs. Levante and Real Sociedad vs. Espanyol. The single-elimination games will be played next week. The first-division clubs will play as visitors.Tags: Copa del ReyFC BarcelonaReal MadridUnionista de Salamancalast_img read more

Lineker backs Stones for World Cup

first_img “The only one I might take a chance on because we are so short in central defence is Stones. I really like him, and he has got a lot about him,” said Lineker, who was speaking in London at the launch of the BBC’s World Cup coverage, which will include some 31 live matches spread across television, radio and digital platforms to offer fans 24/7 access to the showpiece tournament in Brazil. “Sometimes central defenders need a little bit more experience than players in other positions because of the extra discipline and the nature of that particular role.” Lineker, part of the England side which reached the semi-finals of the 1990 World Cup in Italy and scored 48 international goals in 80 caps, added: “But is he worth a gamble? Well, if Roy loses another one – if Jones doesn’t make it for example – then what else have we got? “We have got Cahill and Jagielka, then (Cardiff defender Steven) Caulker, who struggles a little bit on the turn. We are short in that position.” Under-21 international Stones – who was playing for Barnsley last season before a £3million move to Goodison Park during January 2013 – is expected to be in contention for a place as a stand-by when Hodgson names his 30-man group after the final game of the Barclays Premier League season. However, with doubts emerging over the potential fitness of Manchester United’s Phil Jones, who suffered a shoulder injury in Tuesday night’s Barclays Premier League win over Hull, and Tottenham defender Kyle Walker – out for the past two months because of a pelvic problem – Lineker has backed giving Stones a place on the plane to Brazil as cover for the likes of Phil Jagielka, who has just recovered from hamstring damage, and Gary Cahill. England manager Roy Hogdson could do worse than taking a “gamble” on including 19-year-old Everton defender John Stones in his World Cup squad, according to former captain Gary Lineker. center_img Press Associationlast_img read more

DeSantis: State Ready to Withstand Financial Effect from Coronavirus

first_imgGov. Ron DeSantis said Thursday that the Sunshine State is financially prepared to withstand the blow of the coronavirus.“We already see that this is going to cause economic dislocations,” he said after Thursday’s budget vote.Nonetheless, Florida lawmakers have already earmarked about $300 million to offset the financial setbacks.“We entered this session with unemployment going down, down, down to 2.8%, and now we’re going to be exiting this on the back end of this COVID(-19) looking at a different economic picture,” according to DeSantis. “I think it’s one we can recover from, don’t get me wrong, but that is going to be an issue that we’ll have to address in future sessions.”The approved $93 billion budget includes more funding for water quality and Everglades projects, as well as a three-percent pay increase for state employees. It should also move Florida into one of the top five states for teacher salaries in the nation, providing $500 million to boost minimum pay for new teachers.In terms of how the COVID-19 pandemic will impact Florida’s tourism and workforce, the governor explains, “There’s going to be Florida businesses that are going to take it on the chin, because we’re so sensitive to things like tourism, but once this passes, and it will pass, I think we’ll be able to pick back up and start going.”last_img read more

Cricket News Shane Warne wants Pant to open with Rohit against Australia

first_imgNew Delhi: Spin great Shane Warne feels the young Rishabh Pant can play as a specialist batsman in the Indian ODI team and even backed the talented youngster to open alongside Rohit Sharma. With India closing in on their final 15 for the World Cup, Pant has got a solid endorsement from Warne.“There has been talk if Rishabh Pant can play in the side. I think Dhoni and Pant both can play. I can’t see why Rishabh Pant can’t play as a batsman, he is outstanding. Maybe even open the batting with Rohit Sharma,” Warne told India Today.“I know Shikhar Dhawan does a great job but Rishabh Pant opening the batting with Rohit Sharma could be pretty cool too for India. Go with some of these X-factor type things and tactical battles, where you surprise the opposition,” said the Australian legend.Warne wants India to experiment with their top-order in the upcoming home series against Australia, starting February 24 with the first T20.Also Read | Smriti Mandhana among Maharashtra state sports award winners“It could be worth throwing Rishabh Pant at the top of the order for a couple of games and see how he goes. Maybe against Australia now and experiment and see how he goes for the World Cup.“Dhawan may have a role to play somewhere else. But I am really looking forward to seeing what India have because they have a lot of players who can do a lot of roles,” said the 49-year-old.Talking about Indian cricket, Warne said its national team can dominate the world for years.“I think India can now have a dominant time in world cricket if they can keep their players on the park, the players stay hungry and value the opportunity and be grateful to play Test cricket.“Yes they can make money from IPL and make a fortune. But if they can keep the hunger up to compete in the highest form of the game, that is tests, they can dominate world cricket for a long time,” Warned added. For all the Latest Sports News News, Cricket News News, Download News Nation Android and iOS Mobile Apps.last_img read more

Great ShakeOut drill returns to USC

first_imgExpect to hear “drop, cover and hold on” tomorrow, when the Southern California Earthquake Center holds its second annual Great California ShakeOut, a statewide earthquake drill that included nearly 5.5 million participants last year.On Oct. 15 at 10:15 a.m., people across California — including USC — will participate in the simulation aimed at improving the general public response to a potential natural disaster.“Participation is strongly encouraged,” said Steven Goldfarb, fire safety and emergency planning specialist at USC. “Unfortunately, a lot of people don’t react the right way when an earthquake hits, and when they do, it could be too late to avoid injury … We’re trying to get people used to doing the right thing, which is drop, cover and hold.”At the Health Sciences Campus, SCEC will also be testing the preparation of USC’s earthquake emergency response team, which involves participants from departments across campus including Public Safety and Hospitality, Goldfarb said.The SCEC plans to hold the response test every year, alternating between the University Park and Health Sciences campuses.“We’re trying to embed it into the culture at USC … We want to do this every single year so that it becomes a regular routine thing,” Goldfarb said.Based on last year’s feedback, Goldfarb said SCEC has also improved the simulation and corrected portions of it that were lacking.To adequately address the issue of fires breaking out in an earthquake and the difficulty of communicating in such a situation, the event will now include a fire engine, a radio communication team and 100 additional volunteers trained in first aid, search and rescue, and fire suppression.“We want to be able to show we can be self-sufficient,” Goldfarb said. “After a 7.8 [magnitude earthquake], we can’t rely on 911 services, so we need to be able to take care of our staff, faculty and students. We’d do it even if the Shake Out didn’t exist because we need to test out our plans.”All of the respondents involved have received training and had smaller drills, but the simulation will provide an opportunity for the entire team to get some experience working together.Knowing how to react in an earthquake could come in handy very soon. According to SCEC’s website, the San Andreas Fault has a 59 percent chance of producing a 6.7 or greater quake in the next 30 years. Across California, the chances of a 6.7 or greater earthquake are 99.7 percent.“That’s not in 30 years — that is anytime,” said Mark Benthien, executive director of Earthquake Country Alliance, who was involved in the planning of the event. “It could be today.”The recent water main breaks that have prompted scientists from the Jet Propulsion Lab to investigate any increase in tremor activity in the region have not directly affected the simulation, but Goldfarb said the drill would include preparing for broken pipes to better prepare the facility management team.While many students said they only vaguely remember last year’s drill, a few remember the simulation, which took place at the University Park Campus. Connor Flanagan, a sophomore majoring in cinema-television production, volunteered as a victim.“I woke up early, went and had a bunch of blood and makeup thrown on me, and hid out in one of the music buildings until rescuers came and assessed me,” Flanagan said. “It was really fun to get all bloody and strapped to a gurney, but I think it was most useful for the emergency responders.”Flanagan also remembers, however, that many students were not aware of the drill, and did not believe many professors participated.Helen Liu, a junior majoring in health promotion and disease prevention studies, said she remembered last years’ simulation, but didn’t think the event was that successful at equipping the public.“Honestly, I think there’s only so much you can do to prepare,” Liu said. “They don’t anticipate the mass fear that will happen. [But] because they are trying to get them used to it, the fear and panic will be less.”To promote the ShakeOut this year, SCEC has asked faculty members to be more involved and actively participate in the drill. The team will also issue a Trojans Alert to remind people on campus to participate.A number of students said the drill, and the reminders, can be beneficial — especially for students who are not used to earthquake preparation.Brett McCoy, a sophomore majoring in business administration from Whittier, said many of his friends panic at the slightest tremor, a problem which could be addressed by the drill.“When you get the smallest shake, people will be in shock … Some will be, ‘California earthquake!’ while others will just be scared,” McCoy said.Though the Big One might just be a rumble away, organizers are hoping students, staff and faculty will be ready to deal with it.“I’m from Minnesota so every time I go home I secretly hope that it will happen while I’m gone,” Flanagan said. “I know it’s coming but life goes on. You can’t stop living just because of Mother Nature.”last_img read more

Promotion draws big crowd, energy

first_imgThe University of Wisconsin has one of the most spirited fan bases in the country, routinely packing the Kohl Center for Badger games — except when those games involve women’s basketball.Sunday afternoon was no normal day, as 15,269 fans — the fifth-largest crowd in school history — filled the gym to watch the Badgers defeat their rival University of Minnesota Golden Gophers.UW head coach Lisa Stone donated $0.25 per ticket sold to Gilda’s Club Madison, a local support center for those touched by cancer, as part of her “Raise the Roof” charity event — totaling more than $4,285.50. The American Transmission Company matched that donation and Bucky’s Locker Room added $5 per “Raise the Roof” shirt sold, as the grand total surpassed the $10,000 mark. Stone and a representative from each organization presented their checks as part of the pre-game ceremonies.”[Our fans] made a lot of noise,” Stone said after the game. “It felt good to be a part of this campaign and to feel good about what my family and I did.”It was great to have a crowd of that size for such a “tremendous cause,” Stone added, especially considering some in attendance had never seen the team play.”I’m hoping this will encourage them to come back because this is a fun team to watch,” she said.Coming into the game, Stone said she was curious as to how her team would react to the thrilling atmosphere. And as it turns out, it would have been difficult for them to have reacted any better, as they put together what Stone called the “most complete” game she’s ever seen in her four-year tenure at UW.Despite Minnesota players Ashley Ellis-Milan and Emily Fox maintaining the crowd was not a factor, the Gophers came out flat and the Badgers played energized on both ends of the court for a full 40 minutes.”It’s always good to win,” freshman forward Mariah Dunham said. “But the sixth man on the floor [was] the crowd. We went to Minnesota and it was the same crowd. But when you come here and they’re cheering for you, it just gets you going, it gets your teammates going. It was just electric in there. It was just a fun place to be.”Junior guard Janese Banks did not seem phased by the energy at all.”It’s very easy to get caught up in the atmosphere,” Banks noted. “I think, if [there was anything to worry about], it would be how the new players, who have never played in this atmosphere, would react. But I thought they handled it well. This is what they came here for.”Certainly Stone was excited about the victory in terms of its potential postseason implications, but Sunday’s festivities were about more than winning, losing, and the Big Ten standings.”I remember a game [when I played] where there were 20 people in the gym, and that included both teams,” she said. “So when you get to this level, [you’re playing] for not just women’s basketball or the Wisconsin Badgers, but for women’s athletics.”last_img read more

Freshman Lane brings unique size to Orange attack

first_imgMonday night, Matt Lane’s phone buzzed for an unusual text. It was his dad, Jim, making a joke he’ll probably hear a lot in the coming weeks.“Syracuse needs a new big man,” the text read. Lane laughed and shook his head.It was announced that day Syracuse center DaJuan Coleman will undergo season-ending surgery on his left knee. The injury leaves a void in the SU frontcourt and Lane — a 6-foot-7, 252-pound freshman on the lacrosse team — does fit the mold of a hypothetical replacement.Yet Lane’s not on Jim Boeheim’s list of options nor does he want to be. Before his junior year of high school Lane chose to utilize his size as an attack in lacrosse rather than basketball or soccer. The freshman from Montclair, N.J., joins a crowded Syracuse attack and may not be figured into the team’s immediate plans with the season approaching.But head coach John Desko has repeatedly told Lane that he could be the tallest player in Division I lacrosse, which gives the Orange a rare asset moving forward.AdvertisementThis is placeholder text“He creates mismatch problems,” Desko said. “He’s a big strong player, been working on his weak hand, spending more time in the weight room. He could be a guy on the field somewhere down the road for us.”At Montclair Kimberley (N.J.) Academy, Lane played soccer, basketball and lacrosse. His mom played lacrosse at Georgetown and the sport’s growing prevalence in the New Jersey area inched him toward pursuing a collegiate career in it.While his lacrosse pedigree swelled, he also thrived on other surfaces. He scored more than 900 points and grabbed more than 1,000 rebounds in his high school basketball career, won back-to-back state championships and posted 52 career shutouts as a soccer goalie and finished his lacrosse career at Montclair Kimberley as the all-time leader in points with 155 goals and 182 assists.In the summer before his senior year, Lane drew interest from North Carolina, Wake Forest and Syracuse. The Tar Heels and Demon Deacons wanted him for their soccer programs, while the Orange recruited him for lacrosse.So Lane had a decision to make: guard the net with a pair of gloves in the south or attack the net with a lacrosse stick in Central New York.“It came down to where my family and I thought I would succeed best,” Lane said, “and what was in my best interest.”Now Lane is prepping for his first season of collegiate lacrosse, but is still assumed to be an athlete in another sport.When he walks around campus in his official Syracuse jacket, No. 90 over his chest, people frequently ask him if he plays on the basketball or football team.“No,” he says, as if he’s repeating a routine. “I’m just a really big lacrosse player.”Once he steps onto the practice field, Lane no longer looks out of place. His big frame allows him to create space for his teammates. He sees his vision as his biggest strength and teams in the past have been forced to double team him.After Lane, Syracuse’s next tallest players are midfielder Mike Iacono and defender Bobby Tait, and no other attack stands taller than 6-foot-3. Once he develops his skill set and adapts to the college game, he’ll bring a complexion to the SU front line that no other player can.“Guys like me, it’s impossible for us to take the ball from him,” said freshman midfielder Dylan Maltz, who is 5-foot-8. “His size is really a weapon, and I think it could be used.”In the short term, Lane has set his sights on cracking a starting rotation sometime this season. In the long term, he wants to do whatever he can — even if it means sitting on the bench — to help the team win a national championship.Then there’s the fantastical possibility of Lane giving SU basketball’s frontcourt needed depth.It’s a make-believe scenario Lane laughs about, but one that Maltz doesn’t find too far-fetched.“The other day we were at Archbold (Gym) and he just posterized some kid,” Maltz said. “I’ve see him play basketball and lacrosse and the funny thing is that he really could play either.” Comments Facebook Twitter Google+ Published on January 22, 2014 at 1:30 am Contact Jesse: | @dougherty_jesselast_img read more