Dutch consolidation forces Pensions Federation to cut jobs

first_imgThe Dutch Pensions Federation will have to make several of its employees redundant after cost-cutting efforts failed to achieve the results it hoped for. In its annual report, the Federation recorded a funding gap of 6%, citing falling revenues due to the declining number of pension funds in the Netherlands.It said a reorganisation set in motion last year had failed to rein in staff expenses.“Therefore,” it said, “the process will continue into 2015.” A spokesman for the industry organisation declined to specify how many jobs would be at stake.Last year, the Pensions Federation spent €230,000 to “streamline” its organisation.In its annual report, it said it was unable to estimate how much more it would spend on further reorganisation this year. It reported revenues of €5.9m last year, when the number of affiliated pension funds dropped from 258 to 240.However, membership fees fell at a lower rate, as the contribution level is based on assets under management, which has not decreased over the period.The Federation said it was also investigating whether its members needed guidance for their remuneration policy for board members, pensions providers and asset managers.last_img read more

Presidency Wades into NFF Crisis as Osinbajo Meets Dalung, Pinnick

first_imgDuro IkhazuagbeWith FIFA’s August 20 deadline to Nigeria to resolve the crisis in the administration of the country’s football just some days away, the Federal Government, it appears, has waded into the matter to prevent the ban from world football ruling body from happening.Yesterday in Abuja, the Acting President, Yemi Osinbajo, met with Sports Minister, Solomon Dalung, who has been at the centre of the protracted crisis, behind closed doors at the Presidential Villa. Presidency sources told THISDAY that the meeting which took place inside Osinbajo’s office shortly after the weekly Federal Executive Council (FEC) meeting, was meant to strategise on how to resolve the NFF crisis between Chris Giwa and the Amaju Melvin Pinnick-led NFF board whose tenure will end next month.Although details of their discussions were not revealed to reporters covering the Villa, THISDAY learnt the kernel of the discourse was how to end this almost four-year old crisis without incurring FIFA’s wrath.It was also learnt that the Acting President had earlier before the FEC meeting held private discussions with NFF President, Pinnick, and some members of his board.Those who were with Pinnick at the meeting with Osinbajo include; the two vice presidents of the NFF, Seyi Akinwunmi and Shehu Dikko; and the only female member of the board, Aisha Falode.Interestingly, after the NFF’s meeting at the Villa, THISDAY also learnt that another meeting was called by the Reconciliation Committee headed by former Chairman of NFA, Col. Abdulmumini Aminu (rtd) to find a way out of the log-jam.Other members of the NFF Board that include Chairman of Chairmen, Ibrahim Gusau; Technical Committee Chairman, Ahmed Fresh and Mohammed Alkali joined the four who were at the Villa in the meeting with the Aminu Committee.It was understood that a meeting of Pinnick and Giwa is being proposed for today even as there are speculations that the vacation judge in the Pinnick and Giwa case may have moved hearing to tomorrow, August 17 in Jos.Tuesday’s final warning to Nigeria was the fourth time since 2006 that FIFA would be directly involved in post- World Cup tournament crisis.In the media release from Zurich, FIFA seems to have ran out of patience over the festering crisis between Giwa and Pinnick and announced the decisions of its Bureau of FIFA Council in relation to undue influence in the affairs of the Nigeria Football Federation.The statement read: “In line with art. 16 par. 1 of the FIFA Statutes, the Bureau of the FIFA Council decided that if by Monday, August 20, 2018, at 12:00 (CET), the Nigeria Football Federation (NFF) offices are not handed back to the legitimate NFF executive committee under President Amaju Melvin Pinnick, who was duly elected on 30 September 2014, the NFF will be suspended with immediate effect for contravening art. 14 par. 1 i) and art. 19, as well as art. 14 par. 1 a) of the FIFA Statutes.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more

Trail Blazers’ Enes Kanter says Knicks thought he was ‘too old’

first_imgPortland lost Jusuf Nurkic to a season-ending leg injury late in the season, and Kanter is on his way to proving he can fill in and be a real difference maker.Game 2 between the Trail Blazers and Thunder will take place Tuesday at 10:30 p.m. ET. Joel Embiid injury update: 76ers star (knee) will play in Game 2 vs. Nets He was released by the struggling Knicks following the trade deadline, clearing the way for him to sign with the Trail Blazers.Blazers’ Enes Kanter (20 points, 18 rebounds) after Game 1 win over Thunder on turnaround since Knicks tenure: “I was on the worst team in the leauge and I wasn’t even playing because they thought I was too old. … I feel blessed.” pic.twitter.com/8iiQCwxMeC— Ben Golliver (@BenGolliver) April 14, 2019″I was on the worst team in the league and I wasn’t even playing because they thought I was too old,” Kanter told reporters after his stellar Game 1 performance. Related News Enes Kanter had a strong showing in his first playoff game with Portland.The Trail Blazers center posted 20 points and 18 rebounds in his team’s 104-99 win over the Thunder on Sunday. Kanter, though, didn’t begin the season in Portland.center_img Trail Blazers star Damian Lillard praised Kanter’s efforts after the victory.”He was the MVP of the game,” Lillard said. “Especially down the stretch, getting us second opportunities, third opportunities. He had a huge presence down the stretch and he played a huge part in us winning the game.”Kanter, 26, spent three seasons playing with the Thunder before he was traded to the Knicks in 2017. NBA playoffs 2019: Kyrie Irving discusses Celtics’ low-scoring Game 1 win over Pacerslast_img read more