Five Donegal projects set to benefit from Leader funding

first_img Important message for people attending LUH’s INR clinic Facebook Arranmore progress and potential flagged as population grows WhatsApp DL Debate – 24/05/21 Twitter Facebook News, Sport and Obituaries on Monday May 24th WhatsApp Google+ Previous articleAlternative A5 Alliance should hang heads in shame – KellyNext articleFunding application made to restore Swan Park News Highland Homepage BannerNewscenter_img Harps come back to win in Waterford By News Highland – September 11, 2018 Twitter Pinterest RELATED ARTICLESMORE FROM AUTHOR Five Donegal projects set to benefit from Leader funding Pinterest Five projects across Donegal are set to benefit from over €130,000 in Leader funding.In welcoming the funding from the Department of Rural and Community Development, Government Chief Whip, Minister Joe McHugh says; ‘Great credit goes to Minister Ring for his focus on community development, not least in Donegal, and his initiatives that have helped the programme expand so rapidly and extensively.’Among those benefiting from the latest round of Leader funding is,Falcarragh Development Association/Coiste Forbartha Naomh Fhionáin receiving a grant of over €68,000 to support services for hard to reach communities.Lárionad Acmhainní Nádúrtha Teoranta in Falcarragh is to receive a grant of €4,400 for health and safety training while Malin Head Community Association has been allocated €9,700 for the upgrade of a kitchen.€32,800 was also sanctioned for the Inishowen River Guardians in Moville, to develop plans for natural water retention measures in selected catchments in Inishowen and to train volunteers in river management techniques.And €15,120 has been allocared for a study into the potential for the development of goat milk in Donegal by Inishowen Coop Society in Carndonagh. Google+ Loganair’s new Derry – Liverpool air service takes off from CODAlast_img read more

UK roundup: Hackney Pension Fund, Pensions Regulator, Willis Towers Watson

first_imgHe said: “There is also a threat to our pension fund in that investments in fossil fuel assets become stranded, which means that they’ll lose their value as a result of necessary world-wide action against climate change.”Hackney was the first London borough to set itself a clear risk reduction target within a realistic amount of time in order to make the necessary changes with the minimum of risk, he said.But Chapman cautioned that the council had to make sure any changes to how the pension fund was managed were made extremely carefully. “Our first responsibility is towards those whose pensions we manage as well as other stakeholders, which include local council taxpayers,” he said.In other news, the Pensions Regulator (TPR) reported that membership of defined contribution (DC) schemes had overtaken that of defined benefit (DB) schemes for the first time.In its latest annual DC Trust report, TPR said there were now around 14.8m memberships of DC schemes, compared to 11.7m DB arrangements.Andrew Warwick-Thompson, executive director for regulatory policy at TPR, said: “We have now passed a significant point in UK private sector pensions provision with 55% of all private sector pension scheme members and 85% of active members being participants in DC schemes.”This big change was directly due to the success of the automatic enrolment system (AE) introduced in the last few years, he said, which had seen more than 7m workers join a pension scheme for the first time.“Master trusts have played a major role in the success of AE and so the introduction of a mandatory authorisation and supervision regime via the Pension Schemes Bill is vital,” Warwick-Thompson said.The regulator now needed to make sure there there was “a level playing field” for the protection of consumers investing in contract-based and trust-based multi-employer pension plans, he said, adding that it was clear market forces alone would not have made this happen.Meanwhile, DB pension funds looking to offload liabilities to bulk annuity providers may find lower prices this year due to greater insurance capacity, according to a new report.But they face continued competition from insurance companies seeking to offload risk, Willis Towers Watson said in its 2017 de-risking sector report.Last year was relatively quiet compared to 2015 in terms of pension schemes passing longevity risk to insurers. However, several insurers passed on back books of annuity business to other insurers and reinsurers, such as Aegon’s sale of its £9bn annuity portfolio to Legal & General and Rothesay Life.Ian Aley, head of transactions at Willis Towers Watson, said: “It is not just pension schemes that are competing in the longevity risk market, and the market as a whole has been as busy as ever, if not busier in some cases.“Looking forward there may be continued competition from back-books, with rumours that Prudential has recently started the sales process for its £45 billion pension liabilities operation, including its annuity business.”However, one of the report’s authors, Sadie Scaife, said that the longevity risk market would give “well-prepared buyers” access to attractive pricing terms.Pension schemes offloading liabilities this year were now likely to find cheaper deals, she suggested, as much of the insurance sector’s risk reduction was complete.“The longevity hedging aspect of this activity was largely completed by the end of 2016 and we therefore expect pension schemes carrying out transactions in 2017 to benefit from an excess of supply and consequent lower costs,” she wrote in the report.But this trend was not sustainable in the long term, Scaife warned, because of the size of UK defined benefit (DB) pension liabilities and the rate at which they are maturing, she said.“A recent survey of our clients showed that 50% expect to reach their end-game target in the next ten years,” she said. “Regardless of whether this is in the form of self-sufficiency or buyout, longevity risk protection may well be needed.” The London borough of Hackney has committed its £1.1bn (€1.3bn) pension fund to becoming free of fossil-fuel investments in the long term.The move starts with a six-year plan to cut the fund’s exposure to the carbon-producing assets by 50%, the council announced today.The council said: “This radical move follows a review which looked at the financial risks posed to the pension fund’s fossil fuel investments in light of the Paris Agreement, a global action plan to help limit global warming.”The pensions committee chair, Councillor Robert Chapman, described climate change as “probably the greatest threat facing humankind”.last_img read more

Hughes: Big Ten media days notebook, Day 2

first_imgCHICAGO – Players and coaches sat at tables for one-on-one interviews in another eventful day at the Big Ten football media days. I caught up again with those representing Wisconsin. Let me fill you in on the good stuff from day two:Henry thankful for Bielema’s astuteness Aaron Henry, a redshirt senior out of Immokalee, Fla., said some pretty interesting things about the relationship he’s had with Wisconsin head coach Bret Bielema over the years.Let’s start at the beginning: Henry enjoyed a rather successful year at cornerback as a true freshman for the Badgers in 2007. He played in 12 games, started two, and totaled 3.5 sacks, one interception and 38 tackles. But after suffering a torn anterior cruciate knee ligament in a practice prior to the Outback Bowl, Henry said he and Bielema began to disagree on some things.“Me and Coach B, our relationship has never been really negative, but sometimes we didn’t always see eye-to-eye on things,” he said.Henry said he had his doubts on whether or not he could recover from such an injury, but his head coach was more optimistic. Henry agreed to redshirt the 2008 season to rehabilitate his knee and spent the following year in 2009 as a nickel back. After that though, Bielema had a change of plans. And again, Henry didn’t initially take to the idea.“I end up redshirting and he moves me to safety,” Henry said. “I hated it. I was a cornerback my whole life, I wanted to be a cornerback my whole life.”“But as you guys can see, the guy is smarter than he looks.”Clearly. In his first season at safety last year, Henry was named Second-Team All-Big Ten by the coaches in starting all 13 games and accumulating 58 tackles, two interceptions, three fumble recoveries and scoring three touchdowns.Henry said over the course of recovering from his knee injury he contemplated transferring and even reconsidered playing football as a whole. But after sticking with it and reflecting on the past, he knows he owes a lot of his success to Bielema.“I’m so thankful for that today,” Henry said. “Coach B has truly been an instrument of my success here.”A reminder of what the D-line has Wisconsin has some pretty big holes to fill in from last year’s Rose Bowl squad and, right now at least, it looks like the Badgers have the right personnel to absorb those blows. But given the mammoth effort J.J. Watt put forth a year ago, his departure has left more people wondering.And sure, Butrym, a redshirt senior, knows just how much Watt contributed, but after being asked if he was growing tired of questions relating to Watt, Butrym answered in a nice way and pointed out something that a lot of people (present company included) have overlooked.“The funny thing is, we literally return three starters (on the defensive line) and [several] contributors,” he said. “But [Watt] was the No. 11 pick of the draft and the guy can play, no question about it… We gotta replace him somehow.”He’s got a point, though, there is plenty of experience on the defensive line. Himself and Louis Nzegwu started all 13 games last season while redshirt sophomores Jordan Kohout and Ethan Hemer split the 13 starts. And behind those three are several more guys who played in more than 10 games last year.Even if a standout player fails to emerge, you got to like the chances of the line at least forming a fundamentally sound group.But can anyone replicate Watt?“You look at the past couple years, guys had solid previous seasons and then just burst onto the scene,” Butrym said. “J.J. Watt… and O’Brien Schofield is the other guy… I just kind of take the approach they took.”Watt and Schofield’s final years as Badgers were a different species compared to their penultimate seasons. And when you look at Butrym and Nzegwu, two guys who played solid up front last year, it can be easy to see one or possibly both making a similar leap.Until that time comes though, replacing Watt will probably remain a valid question. But just be sure to keep Butrym’s point in the back of your mind.Bielema and Chryst in harmony Wisconsin offensive coordinator Paul Chryst has become a hot commodity in the football world recently. In the past, Chryst has been offered a position as the Dallas Cowboys’ quarterbacks coach but over the course of this offseason he earned offers from Texas, as an offensive coordinator, and Pittsburgh, as a head coach.Despite chances of higher wages and prominent positions, Chryst, who has been with Bielema throughout his career at the helm of UW, decided to remain in Madison.I’d heard a lot about how Chryst and his family – a wife and three kids – very much enjoy life in Madison and how that probably played a significant factor in keeping Chryst in town. But on Friday I got to hear Bielema talk about his fluid relationship with Chryst.“Even when I was talking to (Texas head coach) Mack Brown, I said ‘Mack, the advantage I have is he works for me right now,” Bielema said. “Paul knows what it’s like to be an offensive coordinator for Bret Bielema. I do not try to be the offensive coordinator; I do not even pretend to be. I give suggestions, ideas, and I think we have a relationship that’s really very special and that’s not common.”“Defensive coaches on my staff have it a little bit different because of my background and my history. I naturally gravitate to that side a little bit, but I think to be an offensive coach in our program with me as a head coach is a lot of fun because I don’t mettle.”Chryst reportedly accepted a pay increase at UW shortly after declining the offers from other schools. It’s good to know that things are happy at home and at work for one of the nation’s hottest assistant coaches. That’s huge for Wisconsin.Elliot Hughes is a senior majoring in journalism. Are you as amazed as he is over how positive the offseason has been for Wisconsin? Tell him about it at [email protected]last_img read more