Danica grows client base by 9% in 2016

first_imgDanica Pension, Denmark’s second-biggest commercial pension provider, recorded a 9% increase in labour market pension scheme clients in 2016.It announced the figure in connection with the release of its full-year financial results. Danica Pension’s total profit before tax was DKK2.22bn (€299m), against DKK1.96bn in 2015.It said that premiums from business customers with more than 200 employees increased by about DKK900m, due in part to an increase in the number of these clients.Per Klitgård, Danica Group CEO, said: “We are pleased that so many companies in 2016 chose Danica Pension for their employees, and we see the trend continuing into 2017, as we have welcomed several major customers – companies as well as in the labour market pension area.” The pension provider will increase its focus on handling large customers, he added. A spokeperson for Danica, which manages DKK380bn of assets, told IPE that it does not disclose the name of clients.Last October one of Danica’s competitors, PKA, the DKK250bn labour-market pension provider, launched a drive to win new business from the country’s big providers. The Danica spokesman said that it has “no comment on PKA or other firms in the business”.Danica said its strategy to grow its market share in Norway and Sweden resulted in a 17% increase in premiums in Norway relative to 2015, and a 13% increase in premiums in Sweden.It said the growth in total premiums in 2016 – more than 14% – also reflected the effect of it strengthening its collaboration with Danske Bank, aimed at “ensur[ing] attractive pension offers and comprehensive solutions for both personal and business customers”.The full-year figures Danica reported for its pension products are largely in line with early return figures it announced in January, as reported by IPE.It reiterated its view that the results show its investment strategy, which the provider has modified to increase direct investment, is working. Danica said it was able to provide “a satisfactory and attractive return” in 2016.Klitgård said: “We are pleased that our investment strategy is now really paying off, to the benefit of our customers in the form of attractive returns in 2016. “Our strategy [is] creating long-term, robust portfolios, so that major political events such as Brexit and the US presidential election do not expose our customers’ savings to unnecessary risk. We succeeded in this respect, providing our customers with strong absolute returns while taking a prudent approach to risk.”The return on its Balance, Link, and Select products was 5.5% before tax in 2016, with the lifecycle product Danica Balance producing an overall return of 5.7% before tax.A customer with a medium-risk profile in the Balance product would have received a return of 7.5%, according to the pension provider, placing it second among Danish commercial pension companies in terms of returns.Expenses fell by DKK52m – roughly 4% – in 2016, and now account for 0.36% of provisions, according to the provider.Last year Danica Pension made it possible for private investors to invest directly in its property portfolio, and it said that “our customers showed great interest in the product”.last_img read more

Opening act

first_imgThe 2010 baseball season has begun in Pittsburgh but if the Pirates aren’t careful, their heads may be the trophy hanging on the walls of a few MLB franchises. The season had some pomp and ceremony happening prior to the Los Angeles Dodgers taking the field. Pregame festivities profiled the first home game of the season by honoring Pirate outfielder Andrew McCutchen as the 2009 Baseball America Rookie of the Year. Pirates general manager Neal Huntington and Pirates manager John Russell presented McCutchen with a framed print to commemorate the event. In my opinion, McCutchen was brought up a year late. He should have been the 2008 ML Baseball America Rookie of the Year.Although extremely talented, McCutchen still has an innocence about him. He says, “Just to be able to wake up and say I’m in Pittsburgh and I’m opening up at home is great. It’s a dream come true for me just because it’s something new. I really can’t map out my No. 1 moment because it’s all been great—from opening day to just being in a Pittsburgh Pirate uniform. It’s all been an honor. It’s all been a dream.” Well, let’s hope that the dream doesn’t turn into a nightmare for the Pirates or their fans.Opening day is almost always a day of hope. Every team is 0-0, riding a no loss winning streak, tied for first place. At this embryonic point in the season every club is chasing a playoff spot and a imaginary world series ring.But let’s get to the game, in the top of the first, Pirates’ starter Zack Duke gave up a walk and two hits and before you could say “Dave Littlefield,” the Pirates were down 2-0.But in the bottom of the inning right fielder Garrett Jones went yard with a man on base and just like that it was a 2-2 ballgame. The Pirates triple outfield threat of McCutcheon, Milledge and Jones, if kept together and healthy, might cause a small bit of damage this season. There is always an air of optimism when the season begins. There is always a chance to do good things but eventually the cream rises to the top.I watched the Pirates during pre-game batting practice. There was an air of hope surrounding the club. When I watched the Dodgers warm up they had an air of expectation. It was if they expected to win. The Pirates must forego keeping hope alive, they must keep winning alive. They must stop staggering and start swaggering. They must cease being the opening act for MLB competition and become the headliner. Pittsburgh must become more “lumber company” and less “slumber company.” Hey, in case you didn’t know the Pirates beat the Dodgers by the score of 11-5. Hooray, the Bucs are undefeated.* * *Late last week somewhere in La-La land the Washington Redskins went goo, goo, ga, ga and went and got themselves a quarterback. Philadelphia Eagles QB Donovan McNabb was traded to the Skins for two unceremonious draft picks in 2010 and 2011. The 2009 starting QB for the Redskins, Jason Campbell, might as well begin to sing his final aria in the key of “S” because it is definitely soup time. Mr. Campbell was given many opportunities to lead Washington down the road to respectability but it seemed like he never really could grasp the complexities of an NFL offense nor could he adequately read NFL defenses. Now I know a few folks that have a color issue but that is asinine, to say the least. No I tell you McNabb just happened to ply his trade in a city that hates everyone and every team that does not deliver championships. This is a city that in the past had a sitting magistrate on site to deliver justice to the disenchanted rough- neck fans from the city of “brotherly love,” instantly and expeditiously.McNabb, with all his talent, just could never muster up enough “uumph” to finish the job. Also, when McNabb was transformed from the Michael Vick-like QB that he was when he was drafted out of Syracuse and forced to become a “pocket-back” something changed. The fiery, artful dodger, like atmosphere that he brought to the huddle, was subsequently squashed. His play on the field and his attitude in the huddle became more cerebral and less spiritual and spontaneous.That is what made McNabb exciting to watch. You could not figure out whether he was going to run or pass. Defensive coordinators were up all night with their acid reflux kicking in full gear not knowing which game plan to implement. The Eagles are going to miss Donovan. Head coach Andy Reid is going to miss Donovan. And if the one of the latest acquisitions for the “Skins” ex-Steelers running back “fast” Willie Parker sharpens up his pass catching skills, well Mr. McNabb may be just what the doctor ordered.(Aubrey Bruce can be reached at: [email protected] or 412.583.6741.)last_img read more

Scotiabank boosts Prep cricket with increased sponsorship

first_imgScotiabank, who pride themselves as sponsors of the regional game, starting from the youth level, pumped a 25 per cent increase into this year’s Scotiabank/Jamaica Cricket Association (JCA) Prep Schools Cricket competition yesterday.The increase will bring the sponsorship package to $5 million, along with MVP cash prizes of $50,000 for players in the counties of Cornwall, Middlesex and Surrey.”This increase in sponsorship is a testimony to our continued belief in the importance of investing in youth through developmental sports,” said Yanique Forbes-Patrick, vice-president, Scotiabank Marketing.”Always play your best game. Strive to be the best on your team. Be champions in your own right and make a difference in everything you do,” she implored the youngsters during yesterday’s launch at Lucas Cricket Club, after which defending champions Quest Prep and Richmond Prep played the competition’s opening game.BETTER CITIZENSCourtney Francis, CEO, Jamaica Cricket Association (JCA), lauded Scotiabank for ensuring that “cricket is part of the medium to make you all (players) better citizens, more responsible, understand and learn at this stage how to be part of a team and how to be able to contribute to society”.Quest were crowned national champions for the first time last year, after defeating Hydel Prep by 10 runs in the final at Lucas.Hydel, the most successful school with two national titles (2012, 2013) and four in Surrey, followed by St Peter and Paul, Monymusk, Mona, Lannaman, Belair Prep and Quest one each.In Cornwall, there are only two winners; Denis Tobin in 2005 and 2006, while St James have been unbeatable since 2007.Quest’s coach, Leonard Malcolm, told The Gleaner his team is missing about eight players from last year, “but we are a competitive school and we are going to compete to try and retain our crown”.The competition will run to June 12 and feature a total of 48 teams, with approximately 121 matches across three counties.The competition began in 2003 and has grown from 24 schools to 48; 24 from Kingston and St Andrew and St Catherine, 12 from Middlesex and 12 from Cornwall.Prep school standouts to come from the competition include Brandon King, who has represented Jamaica at all levels, Brad Barnes (2013), Raewin Senior (2014) and Kirk McKenzie last year.West Indies’ World T20 men and women’s champions, Marlon Samuels and Stafanie Taylor, respectively, also participated and signed bats and balls for the youngsters.last_img read more


first_imgIn a statement this evening Castlefinn Partnership Initiative Ltd says it will re-open the local childcare facility under its management later this month.The childcare facility will be managed by CPI Ltd and they are now asking parents who require pre-school and after-school care for their children to get in touch with them from Monday morning.CPI Ltd Director Michael Carlin said he wanted to “reassure parents that this vital community service would still be available to families in the local area.”  CASTLEFINN CHILDCARE FACILITY TO RE-OPEN UNDER NEW MANAGEMENT was last modified: August 10th, 2013 by John2Share this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:CASTLEFINN CHILDCARE FACILITY TO RE-OPEN UNDER NEW MANAGEMENTlast_img read more

Eureka wins coin toss, advances to state championships

first_imgIn a season which has so far featured exclusively convincing wins, it was a toss of a coin which brought the Eureka Loggers as close as they had come to a defeat.Eureka won its coin-flip tie-breaker against Cardinal Newman Sunday morning at the NCS office in San Ramon.Cardinal Newman, the higher seeded team, made the call of tails. The coin landed with heads showing, and the Loggers emerged from what has been a historically chaotic month of playoff prep football.No. 1 Cardinal Newman (11-1) …last_img

This Vermont Park Is Going Off-Grid

first_imgA 908-acre park in southwestern Vermont will become the state’s first park to run entirely on solar power.Emerald Lake State Park, located in Dorset and not far from the New York State Line, has been plagued by an unreliable connection to the grid. Power lines are easily damaged by falling tree limbs, and repairs are difficult because of the rough terrain they have to cross.But by the time the park opens to campers and paddlers next spring, it should have an on-site system that combines photovoltaic (PV) modules and Tesla Powerwall batteries. As existing power lines are phased out, the park ultimately will have no connection with the grid.Green Mountain Power named Pika Energy of Westbrook, Maine, to design the system. Company President Ben Polito says that planning has just started, so it’s too soon to know how many PV modules and batteries will be required. The park surrounds the 20-acre lake and has 67 campsites and 37 lean-tos.The company said in a press release that Green Mountain Power is hoping the new off-grid PV system will cost 20% less than rebuilding utility lines and save as much as $8,000 annually in maintenance.“GMP seeks Pika Energy’s products as a solution to the ‘last mile’ problem of delivering grid services to customers whose location and landscape make traditional utility lines difficult,” the company said.The Tesla batteries earmarked for the Emerald Lake project are among the 500 Powerwalls Green Mountain Power plans to install around the state, Pika said. The batteries, to be delivered this fall, will bolster Green Mountain’s efforts to provide clean power to customers and reduce peak loads on the system, Green Mountain said in a press release.last_img read more

Mind Share or The Spreadsheet

first_img Essential Reading! Get my first book: The Only Sale Guide You’ll Ever Need “The USA Today bestseller by the star sales speaker and author of The Sales Blog that reveals how all salespeople can attain huge sales success through strategies backed by extensive research and experience.” Buy Now You have a choice of where and how you compete. You can choose to compete on the battlefield that is “mind share.” Or you can compete on the battlefield that is “spreadsheet.”It feels like “mind share” is more difficult. You have to get into the process much earlier, long before a spreadsheet has been created. You also need to try to develop consensus around what your dream client’s challenges are, as well as what the right solution needs to look like. It takes time and effort to get in front of deals.The spreadsheet feels easier. All you need to do is ask to be added to the list of companies who are going to be included in a request for proposal. If there isn’t a proposal, all you need to do is to offer up a lower price to someone receptive enough to compare your price to your competitor’s.But in all things human, fast is slow and slow is fast. Difficult is easy, and easy is difficult.“Mindshare” takes more time and effort, but it massively increases the likelihood that you both create and win an opportunity. By developing the relationships, the trust, and the deep understanding, you position yourself as the right choice–regardless of the differences that show up on the spreadsheet later.The “spreadsheet” isn’t the best place to do battle. Much of what is supposed to be objective turns out to be subjective. Without your being known as someone with the ability to create and deliver the right solution, your dream client has no choice but to look to more easily measured attributes like price, attributes that don’t likely help you to position yourself to win. In fact, a low price can easily be seen as unresponsive and irresponsible.You want to do battle for mind share, even when it is more difficult. Competing on the spreadsheet is more difficult and eliminates your ability to make things unequal when it comes to what is really important. Most of what is really important is invisible and can’t be captured on a spreadsheet. It needs to be seen and felt by the people who will ultimately make the decision to buy.last_img read more

Espejo picks up another MVP

first_imgPH women’s volleyball team motivated to deliver in front of hometown crowd PLAY LIST 02:25PH women’s volleyball team motivated to deliver in front of hometown crowd00:59Sports venues to be ready in time for SEA Games01:27Filipino athletes get grand send-off ahead of SEA Games01:37Protesters burn down Iran consulate in Najaf01:47Panelo casts doubts on Robredo’s drug war ‘discoveries’01:29Police teams find crossbows, bows in HK university01:35Panelo suggests discounted SEA Games tickets for students02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games Photo by Tristan Tamayo/INQUIRER.netMarck Espejo’s name has been synonymous to Most Valuable Player.The Ateneo superstar added another MVP award to his resume as the best player in the 2017 Premier Volleyball League Collegiate Conference.ADVERTISEMENT Fire hits houses in Mandaluyong City Brownlee happy with Ginebra’s aggressive start in PBA Finals Kammuri turning to super typhoon less likely but possible — Pagasa The 20-year-old Espejo, who has already four UAAP titles, was officially named PVL MVP on Saturday before the Blue Eagles pulled off a finals sweep of the Far Eastern University Tamaraws.Apart from being the conference MVP, Espejo also bagged the Finals MVP plum and was recognized as the Best Outside Spiker. He had 20 points in the title-clinching win.FEATURED STORIESSPORTSWATCH: Drones light up sky in final leg of SEA Games torch runSPORTSSEA Games: Philippines picks up 1st win in men’s water poloSPORTSMalditas save PH from shutoutHis teammates Esmilzo Joner Polvorosa and Manuel Sumanguid III was named Best Setter and Best Libero, respectively.The other awardees were Fauzi Ismail of National University (2nd Best Outside Spiker), John Paul Bugaoan of Far Eastern University (Best Middle Blocker), Kib Malabunga of NU (2nd Best Middle Blocker), Joshua Umandal of University of Santo Tomas (Best Opposite Spiker). Nonong Araneta re-elected as PFF president Typhoon Kammuri accelerates, gains strength en route to PH BSP sees higher prices in November, but expects stronger peso, low rice costs to put up fight LOOK: Loisa Andalio, Ronnie Alonte unwind in Amanpulo for 3rd anniversary MOST READ LATEST STORIES Brace for potentially devastating typhoon approaching PH – NDRRMC Frontrow holds fun run to raise funds for young cancer patients  Read Next Don’t miss out on the latest news and information. View commentslast_img read more

PV Sindhu 1st Indian to win gold at BWF World Tour Finals

first_imgPV Sindhu has well and truly grown! “I have improved a bit [in mental fortitude] because sometimes, couple of times before if I was leading and say she would fight back and take the lead, I would get nervous but now I have been comparatively much more stronger. In that case, I tend to think and lose crucial points,” Sindhu had said after her semi-final win on Saturday. She showed that improved mental strength on Sunday to win gold and bring up her 300th career win.Nozomi Okuhara was threatening at all times to say the least. She was trying to engage Sindhu in longer rallies, tire her out like she always does but the Indian was up for everything that the Japanese threw at her this time.Sindhu had three match points in the first game of the final, Okuhara saved two. Sindhu, however, showed nerves of steel and converted the last one.PV Sindhu vs Nozomi Okuhara Final, BWF World Tour Finals: HIGHLIGHTSPV Sindhu achieved three match points once again in the second game and this time, she converted it in the first time of asking. With the win, Sindhu completely rounded off the growth she talked about earlier and became the first Indian to win a title at BWF World Tour Finals.MASTERCLASS!Congratulations @Pvsindhu1 on winning the prestigious #HSBCBWFWorldTourFinals title. pic.twitter.com/jIJAXRhnh6PBL India (@PBLIndiaLive) December 16, 2018Sindhu had lost at this very stage last year when she was up against another Japanese – Akane Yamaguchi – but on Sunday, Sindhu showed excellent mental fortitude and great skills to win it this time.advertisementSindhu had lost a final to Okuhara in the World Championships last year and that was a classic but on Sunday, Sindhu was on top at almost all times, calm, decisive and sure of what she had to do and she bore fruits of that.This is Sindhu’s second straight victory over Okuhara and she now leads 7-6 in their head-to-head record.Sindhu began the match on top and took an early 3-1 lead. Okuhara just failed to settle into the match early on and Sindhu took advantage of it to get absolutely on top. She went into the break with an 11-6 lead.At one point Sindhu led 14-9 in the first game but Okuhara came up with a massive fightback to level the proceedings at 16-16. From there though, Sindhu took control once again and charged ahead to close out the first game in 29 minutes.PV Sindhu started the second game in the same vein as the first, taking an early 5-2 lead. However, Okuhara came right back with some proactive and attacking badminton, forcing Sindhu to make errors and levelled it at 7-7. However, Sindhu went into the break with an 11-9 lead after a 16-minute battle.Sindhu kept herself in the lead after the break even though Okuhara consistently threatened to level it again. With Sindhu leading 15-12, a 48-shot breathtaking rally ensued.Astonishing. Simply astonishing rally #badminton #HSBCBWFbadminton #HSBCBWFGuangzhouFinals #HSBCBWFWorldTourFinals pic.twitter.com/7WFw8CPRzOBWF (@bwfmedia) December 16, 2018Sindhu showed amazing defensive skills but Okuhara took the point eventually. Both players picked up shots from almost impossible positions but Sindhu eventually lifted it shot and Okuhara smashed it to take the point.However, Sindhu refused to get bogged down by all that challenge from Okuhara, stuck to her plan and did not show even an inch of impatience. There were nervy moments, Okuhara pushed her to the brink as expected but Sindhu came out with flying colours and a yellow metal, finally!Also Read | BWF World Tour Finals 2018: Mentally prepared, says PV Sindhu after reaching finalAlso Read | PV Sindhu better prepared for World Tour Final: I am confident of giving my bestAlso See:last_img read more