AP Fund changes will allow ‘flexible, dynamic’ investment approach – Langensjö

first_imgThe appointment of a trustee in charge of Sweden’s SEK1trn (€113bn) AP Fund system will allow for a more flexible and dynamic investment strategy, according to the chairman of 2012’s Buffer Fund Inquiry.Mats Langensjö said it was a “major and important step” for a report by the cross-party Pension Group – which this week welcomed most of the Inquiry’s recommendations on the future of AP1 through AP, as well as AP6 – to accept the need to end the current arrangement that saw the buffer funds as both asset owners and managers.He said that the appointment of a principal in charge of all AP fund assets would allow for a much more flexible and dynamic investment structure than currently permitted by the investment rules laid down in law.“You can allocate more broadly to different asset classes, and allow the system to be more useful for the financing of the pensions,” he told IPE. Discussing the role of the principal, he said: “I think the most important thing is to express – and finally have someone to express – an objective for the entire system, which was not in place before.”However, Langensjö was less certain if the Pension Group should push ahead with its plans for a reference portfolio as a benchmarking tool, and warned that wrongly implemented, the proposal could again impose restrictions.“I would say that using a reference portfolio is an old-fashioned way of benchmarking – a more dynamic risk mandate is much more appropriate.” He said the issue would be down to the detail of the implementation, “so hopefully that’s going to be implemented in a modern and relevant way”.Langensjö, who until last year was the chief executive of Brummer Life, also argued that future buffer funds should not be seen as in direct competition with each other.  “That’s an unnecessary peer group approach that should have been abolished many years ago, because it doesn’t have any use to the system,” he said, stressing that the need for the principal to look at the system, and its performance, in its entirety.last_img read more

Young BiH Athletes Won Four Medals at Balkan Championships

Young BIH athletes won four medals (two gold, silver and bronze) at the Balkan Championships for junior boys and girls in Edirne, Turkey.The Balkan Championships was won by jumper Samir Hadžić, member of the Athletic Club Zenica at 1.96 m, and Bojan Stanišić, member of AK Pale, who in a 1500 m race had a result of 3 minutes and 59.24 seconds.The silver medal was won for the male relay race 4×100 (43.12), while Marko Jovičić (AK Pale) won for the 800 m race (1:54,03).In the competition, more than 200 young athletes from 11 countries, the male team rom BiH ranked six in the overall standings, and the female team ranked seven.(Fena) read more

Local Insurance Agency Recognized by Large Professional Organization

first_imgFacebook55Tweet0Pin0Submitted by Ronelle Funk Insurance, Inc. Ronelle Funk, president and CEO of Ronelle Funk Insurance, Inc., was recently recognized by the Thurston County Multiple Listing Service Association (MLSA) with its “2016 Affiliate of the Year” award. The award was presented at the large business organization’s annual Officer Installation and Holiday Social earlier in December at the Hotel Red Lion in Olympia. Ronelle Funk is the president and CEO of Ronelle Funk Insurance, Inc. with multiple locations in Thurston County. Photo courtesy: Ronelle Funk Insurance.“Ronelle is well-respected in our community and participates in many community and charity events,” 2016 MLSA President Rae Anne Toth explained. “Her business success reflects the respect that she’s earned, having grown significantly—enough to require opening her second insurance office in Lacey. She is a stellar example of a strong business woman that younger women can look up to and learn from. She is a wonderful asset to our community.” Funk owns and manages two of the area’s Allstate Insurance offices, one in the city of Lacey and another in Yelm. She has been a resident of Thurston County for 29 years and attended South Puget Sound Community College (SPSCC), later graduating from the University of Washington with a bachelor’s degree in psychology. In 2005, Funk earned her master’s degree in mental health and counseling from Saint Martin’s University. She has advised people on their insurance needs for the last 18 years.A member of the Allstate Against Abuse Team, Funk joined efforts to help victims break free from domestic violence through financial education and empowerment. She is a Yelm Community Schools Business Partner and sponsors local baseball and tee-ball teams, Yelm Dollars for Scholars, the Nisqually Home and Car Show, the YWCA and many other events and organizations. She and her family participate in and sponsor the annual Olympia Toy Run, joining motorcyclists that donate money and toys to the Salvation Army for children in need.Ronelle Funk is very active in community building and charitable events such as the Olympia Toy Run. Photo courtesy: Ronelle Funk Insurance.Funk has served as the president of the Yelm Chamber of Commerce and was named its 2014 Business of the Year. Ronelle Funk Insurance was also recognized as the Best Insurance Agency in the Nisqually Valley in 2010 and Allstate customers voted it number one in customer service within a five-state region. Her business has been nominated as the “Best of South Sound” Insurance Agency by The Olympian newspaper readers. “This MLSA award is very meaningful to me,” said Funk. “The organization is an amazing local group of professionals that serve the real estate industry and have a great read on our communities. Like so many MLSA members, my company and staff truly care about the families and households that trust us to help them protect their most important assets and we want to give back to the place where we live and work.” Thurston County’s MLSA is a networking group of nearly 200 professional members and affiliates that include real estate brokers, loan officers, inspectors, insurance agents, builders/contractors, movers, interior designers and other real estate industry services. The group meets Tuesday mornings for breakfast at Pellegrino’s Tyee Event Center in Tumwater, Wash.last_img read more

Jamuna Boro makes a statement by recording first Indian win in World Women’s Boxing…

first_imgImage Courtesy: EastMojoAdvertisement uwNBA Finals | Brooklyn Vsyl4lWingsuit rodeo📽Sindre E8en0tvk( IG: @_aubreyfisher @imraino ) 7l0Would you ever consider trying this?😱loCan your students do this? 🌚48Roller skating! Powered by Firework Jamuna Boro is on her way to the headlines as she is the first Indian to secure a victory in the 2019 AIBA Women’s World Boxing Championships, and is swiftly progressing to the pre-quarterfinals after thrashing out Michidmaa Erdenedalai from Mongolia’s this Friday at Ulan-Ude, Russia.Advertisement Image Courtesy: EastMojoCompeting in the women’s bantam 54kg category, Jamuna dominated over her opposition Erdenedalai 5-0, and will face 2017 World Championships gold medalist Ouidad Sfouh, who is ranked 5th.The 22 year old, who hails from the Assamese city of Sonitpur, is an employee of the Assam Rifles, and has previously won a gold at the 23rd President’s Cup 2019 Boxing International Open Tournament held in Labuan Bajo, Indonesia back in July.Advertisement The ongoing championship, which is featuring a total of 224 boxers from 57 countries, is the maiden tournament for Jamuna, who’s calculated punches thrown at the Mongolian opponent connected right where they should, and went unstoppable in the final three minutes of the match.“I feel really good to have won my first bout. It was also India’s first bout so this win is extra special. I’ve worked really hard for this tournament,” Jamuna said in a post match interview.Advertisement “My next bout is against Algeria and I will give my best. My aim is to win the gold medal and I will do everything to realize the dream. I want to thank Boxing Federation of India (BFI) and Sports Authority of India for providing all the training opportunities and the fans who have been supporting me continuously from India.” she added. Advertisementlast_img read more