Trustees call for regulator to take active role in UK cost disclosure

first_imgIn a joint statement this week, the AMNT and the TTF said the disclosure templates had “the potential to be a significant step forward, but whether that potential is realised will depend on how the CTI deals with five key questions”.On the issue of the FCA’s potential role, they said: “Given the importance of consumer protection to the FCA’s statutory remit we believe the regulator should be an active driver of the agenda and not a mere onlooker.”The FCA took part in the Institutional Disclosure Working Group as on observer as representatives of asset owners and asset managers agreed the design of the cost disclosure templates. This work was in turn a direct result of the FCA’s in-depth review of the asset management industry.The AMNT and the TTF also challenged whether the CTI would be unduly influenced by sell-side industry interests and motives, urging other pension fund and investor representatives to support the CTI’s chair Mel Duffield, pensions strategy executive at the Universities Superannuation Scheme.“While it is encouraging to know the CTI will be chaired by a distinguished representative of asset owners, she will need strong buy-side support on her steering group if the CTI is not to be seen as vulnerable to pressure to favour the commercial interests of its sponsors’ members,” the organisations said.Other questions posed concerned whether the templates would become mandatory, whether the data would be spot-checked by the FCA or the Pensions Regulator, and whether the disclosure regime would “properly contextualise cost in relation to performance and risk”.The AMNT and the TTF said trustees were required by TPR to act as “challenging customers”, adding: “Unless the five issues identified are dealt with properly it is difficult to see how trustees can carry out their duties effectively or efficiently; they will not be able to play their full part as a driving force in caring for the interests of pension scheme members.” UK pension trustees have called for the Financial Conduct Authority (FCA) to take an active role in the country’s new investment cost disclosure initiative to ensure its success.The Association of Member Nominated Trustees (AMNT) and campaign group the Transparency Task Force (TTF) made the call as they welcomed the Cost Transparency Initiative (CTI), aimed at defining and measuring the full cost of investing. They also warned that the initiative’s success depended on a meeting a number of other requirements.Earlier this month, the CTI was launched by the UK trade bodies for asset managers (Investment Association) and pension funds (PLSA), alongside the Local Government Pension Scheme (LGPS) Advisory Board.It involved the creation of a series of cost disclosure templates for UK institutional investors.last_img read more


Liberty looks to extend streak vs Kennesaw St.

first_imgLiberty looks to extend streak vs Kennesaw St. Associated Press SUPER SENIORS: Liberty has benefited heavily from its seniors. Caleb Homesley, Scottie James, Georgie Pacheco-Ortiz and Myo Baxter-Bell have combined to account for 61 percent of the team’s scoring this year and 93 percent of all Flames points over the team’s last five games.CLUTCH CALEB: Homesley has connected on 35.1 percent of the 114 3-pointers he’s attempted and has made 14 of 30 over the last five games. He’s also converted 58.9 percent of his free throws this season.STREAK STATS: Kennesaw State has lost its last seven home games, scoring an average of 61 points while giving up 74.1.ASSIST DISTRIBUTION: The Flames have recently used assists to create baskets more often than the Owls. Kennesaw State has 20 assists on 49 field goals (40.8 percent) over its past three matchups while Liberty has assists on 48 of 75 field goals (64 percent) during its past three games.DID YOU KNOW: The Liberty defense has allowed only 52.9 points per game to opponents, which is the second-lowest figure in the country. The Kennesaw State offense has averaged just 55.4 points through 27 games (ranked 311th among Division I teams).___ February 26, 2020center_img Share This StoryFacebookTwitteremailPrintLinkedinRedditLiberty (26-3, 12-2) vs. Kennesaw State (1-26, 0-14)KSU Convocation Center, Kennesaw, Georgia; Thursday, 7 p.m. ESTBOTTOM LINE: Liberty looks for its eighth straight conference win against Kennesaw State. Liberty’s last Atlantic Sun loss came against the Stetson Hatters 48-43 on Jan. 25. Kennesaw State has dropped its last 15 games against conference opponents dating back to last season. For more AP college basketball coverage: and was generated by Automated Insights,, using data from STATS LLC, https://www.stats.comlast_img read more


A’s trade Jurickson Profar to Padres, acquire left-handed hitting catcher

first_imgThe Oakland Athletics traded infielder Jurickson Profar to the San Diego Padres for catcher Austin Allen and a player to be named later on Monday.Sources: #Padres acquire Jurickson Profar.— Robert Murray (@ByRobertMurray) December 2, 2019 The 26-year-old infielder, acquired in a three-team trade from the Texas Rangers last offseason, struggled in his season with the A’s. He slashed .218/.301/.410 in 2019 and couldn’t find consistency defensively, often misfiring throws from …last_img


Country Spotlight: Five fun caches in Polska

first_img SharePrint RelatedA new country souvenir for Singapore!December 12, 2016In “News””Jested” GCKDBV GEOCACHE OF THE WEEK – August 2nd, 2010August 2, 2010In “Community””Vermont 1” GC86 GEOCACHE OF THE WEEK – May 2, 2011May 2, 2011In “Community” 5. Gdynia Moje Miasto TB HotelGC5Z3QMLetterbox HybridFavorite Points: 223“Standing right in the city centre it may be difficult to imagine that only 100 years ago there was nothing but nature here. Today, Gdynia is one of the most dynamic and developing Polish cities, tempting visitors with its cosy cafes and excellent restaurants.” The owners of this geocache took a historic structure and integrated a fun geocache into it (with proper permission of course!).This is only a glimpse into what it’s like to geocache in Poland. The list of creative and fun hides goes on! What country is on your geocaching bucket list? Share with your Friends:More As a geocaching country on the rise, Poland is now home to 45,000+ geocache adventures, many geoart masterpieces, and a warm and welcoming community. The majority of geocaches in Poland are Traditionals, but the first cache that was placed in this country was a Virtual. To truly understand the inner workings of geocaching in Poland, you’ll have to take a walk in the shoes of a local cacher. Here are five fun caches, all hidden by locals, that’ll inspire you to start planning a trip to experience it firsthand.1. POMEZNI CELOROCKAGC2ZGBTTraditional cacheFavorite Points: 725The beautiful countryside in Poland is picture perfect. This Traditional, accessible in all four seasons, is placed at the beginning of a hiking path and is one of the most favorited geocaches in Poland. Look for the “sign” and grab the smiley!2. OSP ByczynahGC6J45HTraditional cacheFavorite Points: 37Patience, dear geocachers, patience. This is not your standard geocache container – a basic understanding of physics is required. You’ll need a variety of materials to unlayer and reveal the final geocache container.3. Chrobok #01GC65EY1Multi-CacheFavorite Points: 8This is the first cache of the Chrobok Geoart series and it’s a good one! The series itself consists of 67 geocaches in total. A variety of geocache types are represented: Letterbox, Traditional, Mystery, Multi-Cache… Every location and container offers a unique and memorable geocaching experience. In addition to this series, Poland is home to many Geoart creations.4. Chatka keszeraGC6F5P9Traditional cacheFavorite Points: 112Wooden coins are a very popular trend in Poland. Geocachers will often exchange their personal collections with other enthusiasts at events. The owner of this cache took “wooden creation” to the next level. The entire geocache is made out of wood including the logbook!last_img read more


How to Insulate a Raised Floor

first_imgPeter Danube is planning to build a detached workshop in northern Delaware, a Climate Zone 4 locale. The 20-by-32-foot building will be constructed on concrete piers, rather than on a slab or over a crawlspace, and therein lies the dilemma. How should he insulate the floor? “It is important that the shop have a warm wood floor and the project has to be something I can build myself,” Danube writes in a Q&A post. “I would like the building’s heating and cooling to be as efficient as possible and would like to apply best practices in building efficiency given this situation. ” Danube explains that the bottom of the floor assembly will be too close to the sloping ground underneath the shop to allow him to insulate from below. Instead, as the drawing at the top of this column shows, he wants to do the job from above, after the floor has been framed. First, he would install pieces of 1/2-inch pressure-treated plywood between the joists. Next, mineral wool between the joists; and finally, a continuous layer of 1 1/2-inch-thick foam on top of the joists to slow down thermal bridging. The shop floor will be made from tongue-and-groove OSB 3/4 inch thick.RELATED ARTICLESRigid Foam InsulationA Green Building Workshop in NebraskaIn Vermont, an Energy Retrofit WorkshopChoosing Rigid Foam An alternative would be to add 2×4 sleepers across the tops of the joists on 24-inch centers and fill the voids in between with extruded polystyrene (XPS) foam. The floor could be laid over the 2x4s. “The above plan (and even the alternative) will allow me to set my joists and build everything from the top as I do not have access to the underside of the joists for attaching foam or plywood directly,” he says. “Over what little space there is available under the building, I intend to put down a permeable fabric on the ground and cover that with a few inches of gravel.” Is this plan Danube’s best option? That’s the topic for this Q&A Spotlight. The foam needs to go on the bottom While Malcolm Taylor acknowledges that working that close to grade is a pain in the neck, he also warns Danube that his initial approach won’t be successful. “Foam doesn’t have sufficient compression strength to be placed over the joists without a subfloor underneath,” Taylor says. “It will crush. Unfortunately, the place for the continuous foam is on the underside, where you don’t have easy access.” Taylor’s solution is to build the floor upside down in sections, then flip them over to create the finished floor system. The continuous layer of foam would be on the bottom of the assembly,  protected by plywood. He suggests dividing the floor into four sections, perhaps small and light enough to be handled by Danube and a couple of helpers. If Danube works by himself, dividing the floor into even smaller sections would be an option. Sharpening his pencil, Danube figures each of those four sections would weigh about 1,000 lb., and flipping them over would require “several friends and some frosty beverages.” He produces a modified construction sketch (see the image below) that incorporates Taylor’s suggestions and breaks the floor into eight 500-lb. pieces to make them easier to handle. This is the wrong approach “I have a lot of respect for Malcolm’s experience,” writes GBA Editor Martin Holladay, “but I don’t recommend the approach he’s endorsing. There are a lot of problems with wood-framed buildings with floor joists close to grade. Buildability is only one of them. You need access under your joists for a variety of reasons.” Holladay has two other bones to pick with the plan. First, Danube should not place a permeable fabric over the ground under the shop. It should, instead, be a vapor barrier — perhaps EPDM roofing, a pond liner, or polyethylene sheeting. Second, placing the entrance to the shop on the uphill side of the building so that it’s at grade level is a mistake because it puts earth in contact with the floor framing. He could raise the level of the entrance a foot or so and build a long wheelchair ramp up to the entrance, but even this doesn’t seem like a good idea. “Here’s my rule,” he says. “Only build a crawlspace if it is high enough for a human being to access for maintenance purposes. If you don’t have enough room for an adequate crawlspace, you need a slab.” A framed floor close to grade is always a second-best option, Taylor replies, adding, “However, the downsides are mitigated in outbuildings which typically don’t include plumbing or mechanical systems, and if you decide to build that way, the method I describe yields good results.” A way to keep water away from the entrance Given Holladay’s comments about keeping earth away from the floor framing near the entrance, Danube says that he may build an overhang from the main roof and frame a 10-foot-deep deck below it. The idea, he says, is that replacing deck parts would be easier than floor parts if contact with soil causes problems. He also plans to rest the floor sections on girders, and thereby gain a little more room under the building than he had originally thought. There will be no plumbing or wiring under the shop, so he does not foresee the need to crawl around under the floor. “I like your idea of upping the ground cover to a pond liner under the floor,” he says. “That eases several concerns. I will probably run buried perforated pipe across the high side of the slope ahead of the building to deal with any water that might one day come through this part of my yard. I would probably also tie my downspouts into such a drain.” Reconsider your choice of foam Another concern is Danube’s choice of rigid foam. XPS is manufactured with a blowing agent with a high global-warming potential, Holladay points out, while expanded polystyrene (EPS) is not. Although XPS has a slightly higher R-value per inch than does EPS, its chemical makeup often makes it a second choice among green builders. The trouble is, Danube has a ready supply of XPS close to home while EPS is a special order item. Further, a change in the formula for XPS Danube has read about will make this type of rigid foam environmentally friendlier by 2020. If he delays construction, that would be an option. Dana Dorsett points Danube to a source of reclaimed EPS and polyisocyanurate not too far away from where he lives. Repurposed Materials seems to have a good inventory of polyiso in stock, which could be used in the shop walls, he says. “There are many foam reclaimers out there, but it takes some sleuthing to figure out where they are in your local area,” Dorsett adds. One company to check with is Nationwide Foam. Permeable or impermeable ground cover? Holladay has already weighed in on the choice of a ground cover under the shop (a vapor-impermeable barrier), but Peter Engle disagrees. “If the space under the building is going to be open to the outside, I don’t think it matters much whether you use a permeable or impermeable ground cover,” Engle writes. “My preference would be a permeable one. With impermeable ground covers, I often see water pooling on top of the cover, due to blowing rain, surface drainage and/or condensation. Ponds under your building will just breed mosquitoes.” He suggests grading and raking the soil before putting down the ground cover. A smooth, slightly crowned surface will shed water to the outside of the building. Holladay still thinks Danube would get a better night’s sleep if an impermeable material separated the floor system from moisture-retaining soil. “A compromise would be to use a vapor-impermeable membrane on the uphill side of the crawlspace, and a vapor-permeable membrane on the downhill side of the crawlspace,” he says. Think concrete Walter Ahlgrim has two more thoughts on the project: Danube might reconsider his use of wood framing for the floor altogether and go with concrete instead, and make the building two full stories instead of the original plan of 1 1/2. Today’s formulations for pressure-treated wood haven’t been around for very long, he says. “We have no history to tell us how the new formulas will hold up in 50 or 100 years,” he says. “Some of your wood will be very close to the ground. Consider what would be necessary to replace that wood.” His objections to 1 1/2-story buildings have to do with the difficulty of air sealing the ceiling properly. Although Danube faces some deed restrictions on height, Ahlgrim suspects the plans could be tweaked enough to satisfy local building officials. Our expert weighs in GBA Technical Director Peter Yost also had some thoughts: The part of the structure I am most concerned about is the uphill side. Water management details there are more important than whether the sloped grade underneath your structure includes a vapor-permeable or vapor-impermeable barrier. On a similar project we used metal grating to transition from finished grade to the structure for a fully draining clean break. In terms of which rigid insulation to choose, there’s excellent GBA guidance here. For EPS, there is a really wide range of materials that various materials suppliers carry. Here is a link to an EPS industry document with a useful summary and properties table:  Compressive Strength of EPS. Standard XPS has a compressive strength of 25 psi, almost certainly adequate for this workshop. But if compressive strength is a big concern (particularly if you wanted to create a thermal break between the structure and each concrete pier), there is always Foamglas, rated at 90 psi. Any exposed rigid foam (except for Foamglas) should be wrapped in insect screening. Finally, capillary breaks are important at the top of each concrete pier. When I built my SIP kitchen addition I used a sturdy membrane as the capillary break at each pier (in the photo below, you can see the bright blue membrane cap break between each 6-by-6 pressure-treated post and the concrete pier).last_img read more


Hypercat standard becomes Australian IoT cat’s meow

first_imgDonal Power Tags:#ARM#Broadcom#Cisco#Flexeye#Fujitsu#Giant Ideas#Huawei#Hypercat#IBM#Intel#IoT#KPMG#Smart Cities How Connected Communities Can Bolster Your Busi… Related Posts The chaotic Internet of Things (IoT) space just got a bit less fragmented as an Australian consortium chose to back the Hypercat technology standard.The Hypercat Australia group recently launched its efforts as a counterpart to the UK-based alliance pushing the Hypercat standard. This comes against the backdrop of competing standards vying for dominance in the relatively new field of IoT.Hypercat Australia supporters include KPMG Australia, Flexeye, Giant Ideas and the University of Technology Sydney.“It’s early days given the launch yesterday was the initial call for local membership, but in less than 24 hours we have received more than 40 registrations of interest for membership of Hypercat Australia,” said KPMG Australia’s IoT point man Piers Hogarth-Scott.Meanwhile, the standard is supported globally by such industry giants as Intel, IBM, Huawei, Cisco, ARM, Broadcom and Fujitsu.“The goal of Hypercat is to accelerate the global explosion of the Internet of Things – by enabling connected devices and data to work together to improve how cities work, and how people live,” said Justin Anderson, founder of the Hypercat Alliance.The open JSON-based Hypercat standard is used for exposing IoT device information via the Internet.“The Commonwealth is exploring relationships with different jurisdictions to build smart cities that improve our lives,” added Angus Taylor, Australia’s assistant minister for cities and digital transformation.  “Hypercat Australia is one such partnership which will allow a platform to facilitate cutting edge technology solutions to be applied to urban problems.”Taylor was on hand for the launch event of Hypercat Australia.Aussie smart city efforts key to renewalLast month he announced that the Australian government’s $50 million Smart Cities and Suburbs Program would stage a series of stakeholder roundtables. The first of these roundtables is set to take place in Melbourne on September 14.This follows the April publication of the government’s Smart Cities plan which cited “Smart Technology” as one of its three main pillars. The document promoted the approach of infrastructure renewal through the lens of such emerging technology as IoT.“The Australian Government has strengthened its assessment of infrastructure projects and now examines the extent to which new technologies are used to improve the efficiency, sustainability and services of infrastructure networks,” it said.center_img How IoT Will Play an Important Role in Traffic … Surveillance at the Heart of Smart Cities For Self-Driving Systems, Infrastructure and In…last_img read more


19 days agoBarcelona coach Valverde admits Dembele dismissal baffled him

first_imgBarcelona coach Valverde admits Dembele dismissal baffled himby Carlos Volcano19 days agoSend to a friendShare the loveBarcelona coach Ernesto Valverde admits Ousmane Dembele’s dismissal against Sevilla baffled him.Dembele was sent off late in Barcelona’s win for comments made to the referee just moments after Ronald Araujo was shown a straight red himself.It has been reported that the Frenchman said “very bad, you’re very bad” to the referee, which saw him given his marching orders.”I don’t know what he said,” Valverde said when asked for his opinion in his post-match press conference.”But I don’t think it was too long a sentence.”With the Araujo dismissal on his debut, it didn’t seem like a foul to me.”Then the Dembele one is a mystery.”Looking at the match as a whole, Valverde was understandably delighted to finish with such a comprehensive scoreline.”It was a complicated and important game for us,” he explained.”They’ve had a lot of chances, but this is what it is.”They left spaces and we had more punch, which proved key.” About the authorCarlos VolcanoShare the loveHave your saylast_img read more


Freshmans late goal lifts Ohio State womens soccer team into Sweet 16

OSU junior forward Nichelle Prince (7)during a game against Butler in the opening round of the NCAA tournament on Nov. 14 at Jesse Owens Memorial Stadium. OSU won 2-1. Credit: Courtesy of OSUThe Ohio State women’s soccer team (13-6-3) is headed to the Sweet 16 after defeating the Virginia Tech Hokies (15-4-2) on Friday afternoon 1-0 in the second round of the NCAA tournament. Freshman midfielder Arden Holden netted her first career goal with 11 minutes remaining to keep the Buckeyes’ postseason run afloat. With the win, the Scarlet and Gray are headed to their third Sweet 16 in the past six seasons. The beginning of the game was slow, as the first 15 minutes did not present many opportunities to score for either side. In the 20th minute, OSU finally got to a solid opportunity in the final third when senior midfielder/forward Michela Paradiso tried to curl one in from 20 yards out on the left wing but it sailed over the crossbar. Two minutes later, the Buckeyes had another opportunity to score when junior forward Lindsay Agnew sent a strong ball to junior forward Nichelle Prince, but a Virginia Tech defender cleared it away. The Hokies, who entered the game as the 14th-overall seed, were able to generate a scoring opportunity in the 43rd minute when sophomore forward Alani Johnson sent one on the frame, but OSU redshirt junior goalkeeper Jillian McVicker made a lunging save to preserve the scoreless match. The teams headed into the locker rooms at halftime tied 0-0. The Hokies led the Buckeyes 6-1 in shots, 1-0 on goal. OSU came back in the second half with plenty of opportunities to score early on, but the Buckeyes simply could not find the back of the net. In the 79th minute, the Buckeyes put the one and only goal on the board. Prince split two Virginia Tech defenders before playing the ball out to Holden who finished off the keeper. Holden has appeared in 21 of the Buckeyes’ 22 games this season, but her game-winning goal marked the first time in her young career she has scored. The final 11 minutes of play contained some opportunities for the Hokies to level the match, including a solid look off a free kick in the 87th minute, but they could not get past McVicker, meaning OSU was able to hold on for the 1-0 win. For the game, Virginia Tech held a sizable lead in shots, 20-5, including 4-2 on goal. McVicker made four saves to earn her second clean sheet of the season for OSU. The Buckeyes are set to play conference foe Penn State in the Sweet 16 after the Nittany Lions dominated Boston University in the second round, winning 6-0. In the lone meeting between the two teams during the regular season, Penn State topped OSU 2-1 on Oct. 24. With an opportunity to advance to the quarterfinals on the line, the rematch is set to take place on Sunday in State College, Pennsylvania.  Kickoff is penciled in for 1 p.m. read more


Thiago wants Spain return

first_imgBayern Munich’s Thiago Alcantara wants to leave the club and is keen on a move to Real Madrid this summer, according to Don Balon.The Spain international wants to return to Spain to continue his club career and has set his sights on a move to the Santiago Bernabeu.The midfielder has been linked a move away from the Allianz Arena all summer long with Manchester City and Real Madrid reportedly interested in his services.However, with the close of the transfer window in England, any chance of the Premier League champions signing him this summer have disappeared leaving European champions, Madrid as the sole destination should he leave Munich this summer.Thiago reveals that Bayern Munich still use Pep Guardiola’s philosophies Andrew Smyth – April 24, 2019 Thiago Alcantara admits Pep Guardiola’s coaching philosophies are still used at Bayern Munich, despite the Catalan leaving nearly three years ago.He has a good relationship with Julen Lopetegui, who he worked wine during their time together in the Spanish national team and the former Spain head coach wants to sign another midfielder, but President Florentino Perez is hesitant to meet Bayern’s asking price.Thiago moved to Bayern five years ago when former Barcelona manager Pep Guardiola who gave his debut at the Camp Nou, decided to sign him for the Bavarians.His potential move to Barcelona rivals Real Madrid wouldn’t go well with the hardcore fans of the Catalan club as the player is a graduate of the famous La Masia academy.last_img read more