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Number of DC members in UK shoots up as number of schemes dwindles

first_imgA growing number of participants in UK defined contribution (DC) trust schemes are joining existing schemes or a small number of newer schemes, according to data from the Pensions Regulator (TPR).In its annual market update, TPR said only five additional DC-trust schemes, with 12 members or more, were registered in 2013.However, the total number of members within these schemes grew by 130,000.This growth is driven by schemes with 1,000 members or more, as numbers have fallen in schemes with 12-99 members and 100-999 members, as did the number of schemes. The total number of members in DC schemes grew by 14% to 2.6m, with coverage now accounting for 30% of workplace pension membership, up from 27%.The increases seen in 2013 were expected, with the embedding of auto-enrolment during the year. However, the regulator said this data would not fully reflect this.Because schemes enter their returns to the regulator on a staggered basis, not all new membership is captured in the 2013 report.The schemes with at least 12 members now account for £30bn (€36bn) of pension assets, with growth seen across schemes of all sizes.The number of schemes with 12-99 members has also fallen, with more than 1,000 schemes diminishing over the year.Six additional schemes catering for 1,000 members or more made their way into the industry as well.Only 29% of schemes of these smaller schemes offer a default fund for members, whereas this is the majority of schemes for larger sizes.The regulator’s head of DC regulation, Darren Burton, said TPR’s recent work on its DC code of conduct would ensure good practice and governance across all trust schemes this year.“Automatic enrolment is already having an impact on the DC landscape,” he said. “We are seeing an increase in the number of members, as well as participating master trusts.”last_img read more

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Shelvey warned by FA after gestures

first_imgJonjo Shelvey has been “reminded of his responsibilities” by the Football Association after the Swansea midfielder made provocative gestures during the all-Welsh Premier League derby against Cardiff. Press Association The FA investigated the incident where Shelvey made swimming gestures – an apparent reference to an alleged 1988 incident in which Cardiff fans went into the sea as supporters clashed. An FA spokesman said: “Following an investigation, the FA has reminded Jonjo Shelvey of his responsibilities. No further action will follow.” last_img read more

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Sharapova vows to ‘rise up again’ after French Open snub

first_img(REUTERS) – Maria Sharapova said yesterday she remains fully committed to making a successful comeback from her doping ban following a decision by the French Open to deny her a wild card entry.Sharapova was widely expected to be fast-tracked into the year’s second grand slam tournament, which she has won twice, but the French Tennis Federation (FFT) took the unexpected decision on Tuesday to refuse her entry.“If this is what it takes to rise up again, then I am in it all the way, every day,” Sharapova said on Twitter yesterday.“No words, games, or actions will ever stop me from reaching my own dreams. And I have many.”Sharapova’s return from a 15-month ban has split opinion in tennis circles, with some players arguing she is being given special treatment after receiving wild cards for tournaments in Stuttgart, Madrid and Rome.Accepting the decision to bar her from the French Open without rancour would give the Russian a chance to rise above the furore, according to former world number three Pam Shriver.Shriver said Sharapova needed to come to terms with what had happened and turn her attention to preparing for Wimbledon, where she is already one of the bookmakers’ favourites for the title.“She’s smart and savvy,” Shriver, who won 21 grand slam women’s doubles titles, said on ESPN. “She needs to take a step back and reconcile that her return to major tennis is going to have to wait and not be bitter about it.“It’s a chance to be above it all and complimentary.”Sharapova tested positive for heart disease drug meldonium at last year’s Australian Open.The Russian said she had taken the drug “legally” throughout her career to treat medical conditions and had not realised it had been added to WADA’s banned list a few weeks before the tournament began.She was initially banned for two years but the Court of Arbitration for Sport reduced the suspension to 15 months on appeal after finding she was not an “intentional doper” .The five-time Grand Slam champion, one of the sport’s biggest names, is guaranteed a place in the Wimbledon qualifying event but will need a wild card to get straight into the main draw at the All England Club.last_img read more

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Watch Video: Elephant predicts doom for Ghana ahead of World Cup

first_imgIn a German wildlife park, there lives an elephant with a nearly perfect record for predicting international football matches and is turning her attention to the World Cup beginning June 12.Nelly apparently has predicted Germany will thrash Ghana and the USA and draw with Portugal during their Group G campaign.From one kick of the soccer ball to the next, Nelly the elephant hits the ball in a net representing the team she predicts to be the match winner.Nelly predicted 30 of 33 results correctly in 2006 for the women’s world cup, the men’s World Cup in 2010 and then the 2012 European Championships.There are 32 teams competing in this years World Cup, and Nelly is saying good things for Germany.Local Germans view Nelly as an oracle. She will continue to show her soccer skills as the World Cup approaches.last_img read more

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Week 16 Fantasy Rankings: Kicker

first_imgWeek 16 is finally here. All of your blood, sweat, and tears has brought you to your fantasy football championship game. There’s no better feeling than playing for a title, even if it’s just in a virtually scored league based on the actions of real-life people you’ll probably never meet. Thank goodness it won’t come down to a game-winning kick because you got rid of kickers before this season. Wait… your league still has kickers? You actually need some Week 16 fantasy kicker rankings? Well, luckily for you, I wrote some more words and put some names in order.It’s winning time, and that means there’s no messing around — no being lazy and not changing your kicker just because you don’t want to take the time to do it. Just like I advised last week, two of the biggest factors when choosing a kicker this time of year is whether misses count against you and what the weather forecast looks like. We’ll make adjustments as the week goes on due to the latter. (Update: Keep an eye on Greg Zuerlein’s health ahead of Saturday as he deals with a quad injury.)WEEK 16 NON-PPR RANKINGS:Quarterback | Running back | Wide receiver | Tight end | D/STAt first glance, one thing stood out this week: Matt Prater gets to return and kick in the thin air of Denver. We know how intriguing he was as a fantasy kicker during his time with the Broncos, and so that intrigue is back this week (weather permitting). We also have Zane Gonzalez, Matt Gay and Younghoe Koo as high as they’ve been all season because they just keep on draining kicks.WEEK 16 DFS LINEUPS:FD Cash | FD GPP | DK Cash | DK GPP | Y! Cash | Y! GPPIf you’re in a tricky kicker spot for some reason, give Josh Lambo a try. Getting to use his big leg in Atlanta’s dome against a defense that should allow ball movement could pay off. MORE WEEK 16 DFS: Stacks | Values | Lineup BuilderLike I said above, these rankings will be updated throughout the week if there are any late-season kicker moves or particularly concerning or helpful weather developments, so check back later in the week, too.  WEEK 16 PPR RANKINGS: Running back | Wide receiver | Tight endWeek 16 Fantasy Rankings: KickerMORE WEEK 16: Waiver pickups | FAAB planning | Stock watch | Snap counts | Fantasy playoff tipsRankPlayer1Justin Tucker, BAL @ CLE2Greg Zuerlein, LAR @ SF3Michael Badgley, LAC vs. OAK4Wil Lutz, NO @ TEN5Zane Gonzalez, ARZ @ SEA6Matt Gay, TB vs. HOU7Younghoe Koo, ATL vs. JAX8Harrison Butker, KC @ CHI9Joey Slye, CAR @ IND10Matt Prater, DET @ DEN11Dan Bailey, MIN vs. GB12Jason Myers, SEA vs. ARZ13Mason Crosby, GB @ MIN14Josh Lambo, JAX @ ATL15Jason Sanders, MIA vs. CIN16Jake Elliott, PHI vs. DAL17Ka’imi Fairbairn, HOU @ TB18Brandon McManus, DEN vs. DET19Daniel Carlson, OAK @ LAC20Kai Forbath, DAL @ PHI21Chris Boswell, PIT @ NYJ22Eddy Pineiro, CHI vs. KC23Austin Seibert, CLE vs. BAL24Robbie Gould, SF vs. LAR25Dustin Hopkins, WAS vs. NYG26Greg Joseph, TEN vs. NO27Sam Ficken, NYJ vs. PIT28Chase McLaughlin, IND vs. CAR29Randy Bullock, CIN @ MIA30Aldrick Rosas, NYG @ WAS31Nick Folk, NE vs. BUF32Stephen Hauschka, BUF @ NElast_img read more

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