Barron said that at Aon, there is a growing number of clients setting a long-term target of buyout – full transfer of liabilities to the insurer – and while the market has been somewhat affected by the wider economic scene this year, it is still operating at healthy levels. Aon’s paper To buy-in or not to buy-in?, which will be published tomorrow, looks at the key investment issues and decisions involved in a pension scheme moving to buy-in.Whilst there were around £40bn (€43.8bn) of transactions in 2019 with a few individual deals approaching £5bn, the bulk annuity market has generally been worth around £10–£20bn in recent years, it disclosed. Source: Aon Survey of ProvidersFor many schemes it will be appropriate to approach the market in a phased manner over a number of years rather than risk there being insufficient capacity from insurers, the firm said.Spreading buy-ins over a number of years also offers liquidity benefits when compared to a buyout. The premium for each individual buy-in will be smaller than that for a buyout.This may allow for the scheme to hold a lower portion of liquid assets at any given time and benefit from the often-higher returns offered by illiquid assets.As pension funds mature, they become cashflow negative, especially if deficit contributions have ceased or reduced. A buy-in is the ultimate cashflow matching asset, the paper said.It is the only asset that will exactly match cashflows from a timing, pension increase and longevity perspective, it added.Aon’s paper ‘To buy-in or not to buy-in?’ is available here.Looking for IPE’s latest magazine? Read the digital edition here. Lucy Barron, partner at Aon, said that buy-ins, which offer the opportunity for pension schemes to transfer a portion of their liability risk to an insurance company for a fixed cost, “have become an increasingly established part of the UK pensions scene”.In addition to the interest rate and inflation hedging, which are also offered by liability-driven investment (LDI) solutions, a buy-in also hedges against longevity risk.Buy-ins are illiquid and capital intensive and are often most effective for schemes that only need a low investment portfolio return, according to the consultancy.“Nevertheless, there are all sorts of a variables that can affect a scheme’s suitability and readiness to buy-in – everything from the level of investment return, to the state of scheme data and the relative liquidity of its investments,” Barron said.
Baleària’s newest smart ship with LNG engines, Marie Curie, was floated out at Cantiere Navale Visentini in Italy on November 28.The newbuilding is one of the company’s first two ferries fueled by LNG that will operate in the Mediterranean.Marie Curie’s sister vessel, Hypatia de Alejandría, is expected to complete its construction and commence sea trials in the coming weeks with both LNG and fuel. Hypatia de Alejandría will begin operating at the beginning of next year and Marie Curie a few months later, according to the company.As informed, the entire structure is finished on Marie Curie and work is being done to prepare the passenger and crew areas meaning more than 50% of the construction is now complete. Moreover, the LNG engines and tanks, as well as the primary equipment, are already onboard.With a length of 186.5 meters and a maximum speed of 24 knots, the two vessels have a capacity for 810 passengers, 2,180 linear meters of cargo and 150 vehicles.Baleària has invested around EUR 200 million (USD 226 million) in these two smart ships.Recently, the company unveiled the construction of a fast ferry for passenger and cargo powered by dual-fuel LNG engines, described as the world’s first such ship. The Incat Crowther 125 design ferry will be the first to use dual-fuel reciprocating engines and will also be one of the largest fast catamarans in service once it is delivered in summer 2020.The project is part of the smart maritime concept developed by Baleària, consisting of the application of new technologies, Big Data and artificial intelligence.Baleària is also introducing LNG powerplants to its fleet, pioneering agreements with fuel and machinery suppliers.What is more, the company has embarked on a new project involving retrofitting of six of the fleet’s ships. Worth EUR 72 million, the project received a grant of EUR 11.8 million from the European Commission.Within the next three years, the company plans to have at least half of its fleet powered by clean energy and one hundred percent of the fleet within ten years. read more
The draw for the 2018 World Cup Final was made last Friday in Moscow. Eight groups from A to H were selected. Each group consists of four teams each, a total of 32 teams. Each time will play each other in each group from the field of 32 teams 2 will advance from each group to the quarter finals; eight rom the quarter finals to the semi-finals, four to the semi-finals, and eventually the two finalists.The respective groups and teams, and the teams currently touted by experts to emerge to the quarter finals are:Group A – Russia, Saudi Arabia, Egypt, UruguayQualifiers – Uruguay and EgyptGroup B – Portugal, Spain, Morocco, IranQualifiers – Spain and PortugalGroup C – France, Australia, Peru, DenmarkQualifiers – France and DenmarkGroup D – Argentina, Iceland, Croatia, NigeriaQualifiers – Argentina and CroatiaGroup E – Brazil, Switzerland, Costa Rica, SerbiaQualifiers – Brazil and SwitzerlandGroup F – Germany, Mexico, Sweden, South KoreaQualifiers – Germany and MexicoGroup G – Belgium, Panama, Tunisia, EnglandQualifiers – Belgium and EnglandGroup H – Poland, Senegal, Colombia, JapanQualifiers – Poland, ColombiaThe first match of the World Cup will involve hosts Russia against Saudi Arabia on Thursday, June 14, 2018, at the Luzhniki Stadium in Moscow, which will also be the venue for the finals.That will be the only game on the opening day, but after that there will be three or four games played per day for the duration of the group stage.The 2018 World Cup tournament ends on Sunday, July 15. The third-place play-off is a day earlier, and the two semi-finals will take place on July 10 and 11.All of the final four matches of the World Cup will be played at either the Luzhniki Stadium in Moscow or the Krestovsky Stadium in Saint Petersburg. read more
Argonia PD1 Stewart, Melissa39Wellington, KS200 E 9th, Wellington KSViolation of Stalking order, Criminal Damage4/16/13 Shay Yarbrough29Wichita, KS1000 N Oliver RoadSumner County Probation ViolationSedgwick County Warrant F.T.A4/24/13 Miller, Donald W23Anthony, KS1000 Block E 16th St, Wellington, KSDriving Under the Influince4/22/13 Joshua Clarke24Wellington, KS411 S. “G” Street, Wellington KsD.V. Battery4/26/13 WELLINGTON PD9 BOOKINGS Rachael Hoagland42Leavenworth, KSI-35 Mile Post 6Driving while suspended/cancelled orrevoked4/24/13 Mulvane PD1 KRGC1 Lars Bergman27Wellington, KS1310 Michigan Apt FSumner County Warrant (Failure to Appear)4/23/13 Feugate, Frank53South Haven, KsSGCO JailProbation Violation X24/19/13 McNeal, Gregory44Wichita, Ks1100 N A WellingtonDriving while suspended / Liability Insurance4/19/13 Travis Sharp22Wichita, KS1100 N Logan Belle PlainePossession of Opiates, Possession of Paraphernalia, Criminal Use of Weapons4/27/13 Michael Hernandez34Caldwell, KS500 N. WashingtonSedgwick County Warrant F.T.A.4/22/13 Bauer, Johnny Jr.74Medford, Ok.400 N. Osage, Caldwell, Ks.D.W.S., Criminal Carry concealed weapon, T.O.C., and Illegal Registrtion4/19/13 Asbury, Christopher19Wellington, KS500 N. WashingtonFailure to Appear4/18/13 Francis, Robert49Denver, COI-35 MP 33DUI4/27/13 Hudson, Justin22Hominy, OK500 N. WashingtonServe Sentence 60 Days4/18/13 Miguel IbanezAlburqueque, NMSumner County JailTheft of prop, Criminal use of a financial card, Identity theft, Identity theft-supply false doc with personal identifiers4/25/13 Rachel Reed28Belle Plaine, KS10th and Main Belle PlaineTraffic Contraband into Jail, DUI, Possession of Paraphernalia4/27/13 Sumner8 Jose Alecia24Oxford, KS203 S. Iowa, Oxford, KsCity of Wellington warrant F.T.A.4/26/13 Wellington PD4 Taton, Dallas32Wellington, KS321 N Elm Argonia KSRice County Warrant4/20/13 William Sirmons50Windsor, MO1111 West 8thTheft of Property/Services4/22/13 KHP6 Douglas Parrack51Wellington, KSSumner County JailServing sentence4/26/13 NameAgeHome TownLocation of ArrestChargesDate of Arr Deric Bickel20Wellington, KSSumner County JailServing sentence4/26/13 Jason Murphy33Wichita, KS1000 N Oliver RoadD.W.S., Liability insurance required, expired registration4/24/13 Charles Miller54Oxford, KS500 N. WashingtonContempt of Court4/22/13 Darnisha Bland29Wichita, KSI-35 Mile Post 18Driving while cancelled/suspended/revoked4/23/13 Timothy William52Wichita, KsSumner County JailServing sentence4/26/13 Boyle, Kevin35Wichita, Ks1300 N US 81DUI4/19/13 Belleplaine PD1 Sedgewick27 Caldwell PD2 Kemp, Calvin A35Montgomery, ALAve G and Main, Caldwell, KSDriving while license suspended4/15/13 Padley,Â Jimmy42Wichita, Ks500 N Lincoln, Belle Plaine KSDriving while license suspended4/18/13 Robert Becker46Wichita, KSSedgwick CountyÂ JailÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Failure to Appear4/24/13 Thornton Rayl47Wellington, KS703 E LincolnAggravated Battery4/24/13 Ashley Pearson23Wellington, KS1320 Michigan #E WellingtonAgg Assault4/26/13 Alexander Kheir21Bristow, OKI-35, mp 18, Ks. TurnpikeD.W.S., Poss. Of Paraphernaila, Speeding, Improper driving4/24/13 Robin Robinson43Wichita, KSI-35 Mile Post 16Driving while suspended/cancelled or revoked4/24/13 NameAgeHome TownLocation of ArrestChargesDate of Arr Donald Miller24Winfield, KS1000 E. 16th StreetDriving under the influence of alcohol/drugs4/22/13 Mary Hook44Wichita, KS1200 N K-15DWS 2 priors4/26/13 Christi Hunter51Wichita, KS500 N. WashingtonFailure to Appear4/26/13 Monday 0800Â toÂ Monday 0800WEEKLYÂ Â BOOKINGS4/15/2013 thru 4/22/2013 Albertico Castillo-Olivas24Wichita, KsSumner County CourthouseSedgwick County warrant for F.T.A.4/15/13 Don Sharpsteen55Grove, OK400 N. Plum, Wellington KsProbation Violation4/24/13 Schoemann, Jason, D N40Wellington, KS300 S Ash, Wellington, KSDriving Under the Influince4/16/13 Richardson, Michael T47Belle Plains Ks1340 E. 120th Ave North, Belle Plaine, Ks.D.U.I., T.O.C., Agg. Assault X2, Reckless Driving,Battery, and Flee and Elude4/19/13 Jorgensen, Dale52St Glenn, MO610 E Hillside, Wellington KSBattery4/18/13 BOOKINS Robert Erber62Saginaw, MI703 E LincolnAggravated Battery, Criminal Damage to Property4/24/13 Christopher Warmbrodt42Sedan, KS800 East 120th AveDWS, DUI, Refusal of preliminary breath test, transporting open container4/23/13 Kelsey Garmon20Argonia, KS777 Kansas Star Drive MulvaneIdentity Theft4/26/13 Holland, Cristofer20Mulvane, Ks1104 N A Wellington. KsDUI4/20/13 Margaret Gwinup68Wellington, KS9th and Gardner WellingtonBarber County Warrant (Contempt of Court)4/28/13 Larry Gormly40Belle Plaine, KS508 Industrial Rd. Belle PlaineWarrant Arrest4/24/13 Monday 0800Â toÂ Monday 0800WEEKLYÂ Â BOOKINGS4/22/2013 thru 4/29/2013 Zachary Deffenbaugh22Wellington, KSMaple and Jefferson WellingtonProbation Violation (SGCO), Possession of Opiates, Possession of Paraphernalia, Interference of official duty4/27/13 Ricky Hanks32Wichita, KSSedgwick County JailTheft of Property Services, Conspiracy Theft of Property Services4/24/13 Casey Howell25Wellington, KS500 N. WashingtonServe Sentence4/26/13 Jared Lane40Oklahoma City, OKI-35 Mile Post 17Possession of opiates, DWS, Liability insurance required4/22/13 SEDGWICK44 Arebalo, Steven32Wellington, KSWellington Police DepartmentLewd and lascivious, Aggravated indecent liberties4/22/13 John Clarke55Wellington, KS500 N. WashingtonServe Sentence 5 Days4/26/13 BELLEPLAINE PD1 Turcotte, Steven20Mulvane, Ks10200 S Rock Road, MulaneFailure to Appear4/17/13 Bickel, Deric20Wellington, KS610 E Hillside, Wellington KSServing sentence4/19/13 OXFORD PD1 SUMNER20 Seth Helton20Wellington, KS600 N Tyler Rd WellingtonDUI, Hosting an underage party, Purchasing CMB, Consumption under 214/27/13 read more