Schemes ‘must invest more in data and admin’ to support dashboards

first_img“For any trustees out there, you’re going to have to start spending some real money on administration to make sure that we are able to extract all this data.”She added that many older pension schemes still had physical records stored in boxes or on outdated technology such as microfiche, which would require significant investment and resource to digitise and harmonise in preparation for providing data to dashboards. UK pension schemes must be prepared to put much more money into their administration and data services in order to make the proposed pension dashboard concept workable, according to industry experts.The UK government has introduced draft legislation providing for rules requiring schemes to supply data to organisations creating dashboards, online portals designed to display all an individual’s pension savings in one place. The UK’s Money and Pensions Service (MAPS), a public financial guidance body, is leading the dashboard development.Discussing the proposals at the Pensions and Lifetime Savings Association’s (PLSA) annual conference in Manchester last week, Nicola Mark – head of the Norfolk Pension Fund and chair of the trade body’s local authority committee – said administration had to find a place on trustee boards’ agendas.“Data is all about the quality of scheme administration,” she said. “On most trustee boards, scheme administration is not a main part of the agenda… but [it] is so critical. Administrators say they struggle to get an item on board agendas. Industry experts discuss the Pension Schemes Bill at the PLSA conferenceRoyal Bank of Scotland pension director Carol Young, who chairs the PLSA’s defined benefit (DB) policy committee, added that the industry would “have to be realistic about the timeframe” for bringing DB data onto the dashboard.In particular, she said, there were challenges around how to display accrued DB pensions. While defined contribution (DC) pots were expected to be displayed as a total figure, using a similar approach for DB pots could inadvertently encourage members to attempt to transfer out and lose DB protections, she warned.“Is there going to be a way to share the relevant amount of information around what people might be giving up if they transfer?” Young said. “There will be some important practical considerations, and particularly from DB members’ perspectives there are some important safeguards to consider about how that data is shown.”Gregg McClymont, director of policy at UK master trust The People’s Pension, added that protections applied to members of occupational pension schemes should be extended to investors in retail pension products.“Beyond the data, beyond the political differences, as we get into the actual dashboard, I think there is the fundamental question of how do we ensure that your members are protected appropriately,” he said.McClymont, a former pensions spokesperson for the Labour Party, added that the draft legislation was unlikely to be passed soon, given the amount of parliamentary time being taken up by Brexit discussions.The Pension Schemes Bill, as it is called, was introduced to the UK parliament’s upper house on 15 October and is scheduled for a second reading on 30 October. The prime minister still wants the UK to leave the EU on 31 October but this weekend was forced by law to write to the EU to ask for an extension. Earlier this month the pensions regulator ordered 400 schemes to carry out an urgent data review, and said accurate record-keeping would be crucial for the pensions dashboard.last_img read more

Bacolod starts 16-day enhanced quarantine

first_imgBusiness establishments permitted to operatein the duration of the ECQ is urged to provide means of transportation to theirworkers convenient to the schedule and point of origin and destination whilesocial distancing and health protocols shall be observed at all times. Meanwhile, all businesses and privatecommercial establishments other than those providing essential goods andservices shall be temporarily closed and shall suspend operations for theduration unless extended or shortened upon recommendation of task force. Essential government services and privateestablishments providing essential goods shall continue to operate with askeletal workforce and shall ensure the social distancing measures. Each village may utilize their vehicles toservice their constituents on a scheduled basis from a given point of origin tothe destination. Private transportation of any kind and mode may be allowedunder similar reasons, or when used in going to and coming from work at theestablishments permitted to operate under the order. BACOLOD City – Publicmovement will be restricted further here as the city starts todayenforcing enhancedcommunity quarantine (ECQ) untilApril 14. Under the ECQ, the city’s 61 barangays shallissue one home quarantine pass (HQP) to a member of a family of competent ageand discretion for each household. Any window time to the contrary is invalid.Exemption shall be made for those requiring medical assistance and for workersproviding essential services. Leonardia said that a daily 24-hour curfewshall be observed by the general public except for individuals with valid HQPswhich can be used only from 4 a.m. until 10 p.m. Mayor Evelio Leonardia announced the measurethrough Executive Order No. 26 on Friday, saying this is part of the preventivemeasure of the city government to curb the further spread of coronavirusdisease 2019 (COVID-19).  This city hasfive patients infected with the viral disease as of March 29. The HQP shall serve as access to the basicneeds of the household in purchasing or obtaining the provision for food,health, and other essential commodities, Leonardia said. All kinds and modes of public transportationshall be suspended except for any shuttle service that may be primarilyprovided for health workers and frontliners. LOOK: The City Government of Bacolod readies the food packs to be distributed on Monday [March 30] to more than 40,000 poor households, in line with the Emergency Food Assistance Program of the city, as Bacolod has been placed under Enhanced Community Quarantine [ECQ] from March 30 to April 14, 2020. Via Bacolod City PIO Private establishments to remain operationalare health services, food and medicine productions, sale of essentialcommodities at public markets, supermarkets, groceries, convenience stores,rolling stores, sari-sari stores,fruit stands, water refiling stations, take out and delivery services ofrestaurants, fast food chains, and other food establishments, hotels, inns,pension houses, lodging places, banking, money transfer services, pawnshops,remittance centers, public utilities, garbage collection services, streetcleaning personnel, private volunteers for fire brigades and emergency service,gasoline station, funeral services, priests and ministers requested toadminister last rites and sacraments, laundry shop, media outlets, shippingcompanies and allied services for cargo handling, forwarding, and delivery,veterinary clinics, medicine shops, agricultural shops, seaport operations forgoods and cargoes, slaughterhouse, food-related products, warehouse operations,food preservation, delivery services out of town, public work projects forroads and bridges of the national and local government, legal services, medicalhealth workers, and other establishments that may be allowed by the city./PN Work in the government office shall be limitedto medical, disaster preparedness, security, social services, and financialtransactions only. Leonardia reiterated the HQP is not for sale.It will not be transferable and the possessor of such shall carry it at alltimes while outside the household, with a valid Identification (ID) card. Hesaid that abuse in the use of HQP shall be subject to prosecution underapplicable laws.last_img read more

Camp Notes: Airon Servais discusses concern over myocarditis, Liberty game

first_img Facebook Twitter Google+ Published on August 19, 2020 at 3:27 pm Contact Adam: adhillma@syr.edu | @_adamhillman “When you play football, there’s huge risks every time you step on the field no matter what,” Syracuse tight end Luke Benson said. “With the virus, it doesn’t stop or get any worse for anybody on the football field and it doesn’t pick and choose or have bias.”Both Benson and Servais expressed their concern for the Oct. 17 matchup against Liberty. No players at the school had been tested for two weeks because none were symptomatic, The News & Advance reported Aug. 15. Up to 40% of people who’ve contracted COVID-19 don’t show any symptoms, according to the Centers for Disease Control and Prevention.SU Director of Athletics John Wildhack told ESPN that the report about Liberty was “deeply troubling.” With the matchup a little over two months away, both Servais and Benson mentioned that sitting out against Liberty is a possibility but a decision wouldn’t be made until the week of the game.“If we don’t feel that our opponent has done what they need to do in order to ensure other team’s safety, it could end up that we don’t play that game,” Servais said. “I’m not the head man so I don’t make that decision, but I know we’ve discussed it as a team. If Coach Babers doesn’t feel that his guys aren’t going to be put in a safe situation, then he won’t put us in that situation.”For now, Servais is happy with SU’s response to the players sitting out practice last week and what other ACC schools are doing. Syracuse upped its testing to once per week during the preseason and three times per week during the regular season. SU’s opponents will do the same, Servais said. But playing a football season in a non-bubble environment will pose difficulties, as seen at North Carolina and Notre Dame in the past week. Both schools saw outbreaks as non-athletes returned to campus, and both have now pivoted toward online classes. Syracuse students are in the process of returning to campus, and in-person classes start Aug. 24. Servais is hoping that the cases at UNC and Notre Dame are a warning sign to his peers: if you don’t comply with public health guidelines, the semester, and perhaps Syracuse’s season, won’t last long. “As a university at Syracuse, we can take examples like that and use it as a learning example to show people that there is a certain way to do things and that if you don’t follow those guidelines, you can get sent home,” Servais said.The Daily Orange is a nonprofit newsroom that receives no funding from Syracuse University. Consider donating today to support our mission. Comments The Daily Orange is a nonprofit newsroom that receives no funding from Syracuse University. Consider donating today to support our mission.The media won’t have access to Syracuse’s training camp practices this year due to the coronavirus pandemic. Instead, the football team is organizing regular Zoom interviews with head coach Dino Babers and select players while also providing film from the Ensley Athletic Center. With “Camp Notes,” The Daily Orange’s beat reporters bring the latest news, observations and analysis as the Orange gear up for an unprecedented 2020 season. Follow along here and on Twitter.Airon Servais was curious when he first learned of myocarditis, a potential side effect of the coronavirus that affects the heart. Multiple Big Ten players, as well as Boston Red Sox pitcher Eduardo Rodriguez, had been diagnosed with the rare condition after recovering from COVID-19. The condition is linked to long-term fatigue, shortness of breath and abnormal heart rhythm. As a justification for postponing the season, the Big Ten cited a study that showed that, in a 100-person population with COVID-19 infections and a median age of 49, 78% had either cardiac inflammation or scarring, or both. Athletes, like Orlando Magic center Mo Bamba, haven’t been able to return to playing shape post-diagnosis. Servais asked himself how myocarditis would impact his life, not even considering football. Before opting into the season, he talked to a few cardiologists.AdvertisementThis is placeholder text“After having conversations like that, I feel a lot more comfortable moving forward,” Servais said. Some doctors have talked down the impact of myocarditis on individuals between the ages of 18 and 24. Michael Ackerman, a genetic cardiologist at the Mayo Clinic and a consultant to the Big 12, told The Athletic that the heart condition shouldn’t be the sole reason to cancel a season.last_img read more