All change for UK government pension policymakers post-election [updated]

first_imgHe replaced Richard Harrington, who was appointed pensions minister last summer. Harrington has been assigned to the Department for Business, Energy, and Industrial Strategy.Gauke is viewed as bringing welcome pensions expertise to the role.Sir Steve Webb, director of policy at mutual insurer Royal London and a former pensions minister, said: “There are few ministers who could have been appointed to this role who know as much about pensions as David Gauke.  Prime minister Theresa May has appointed a new secretary of state for work and pensions as part of a cabinet reshuffle following last week’s general election.David Gauke (pictured), the former chief secretary to treasury, has been appointed cabinet minister in charge of the Department for Work and Pensions (DWP).He replaced Damian Green, who has been promoted to first secretary of state and cabinet officer minister, effectively functioning as deputy prime minister.Guy Opperman has been confirmed as pensions minister, with the additional brief of “financial inclusion”.  David Gauke, Department for Work and Pensions“In his five years at the Treasury during the Coalition he played a key role in developing the detail of the pension freedoms and was a keen supporter of automatic enrolment.”Kevin LeGrand, president of the Pensions Management Institute, also said that Gauke brings knowledge and experience to the role, with pensions tax relief one of his particular areas of expertise.He said it was particularly important for the secretary of state to have pensions knowledge after the role of pensions minister – who reports to the secretary of state – was downgraded to parliamentary undersecretary last year.The reshuffle of government pension roles was bemoaned by several in the industry.Malcolm McLean, senior consultant at Barnett Waddinham, said: “Ever since the post of pensions minister was established, we have seen constant change – up to the appointment of Steve Webb, who remained minister for a full five year term.“Pensions is an important area for so many people and continues to suffer from constant change and increased complexity.”LeGrand said that if there had to be change in officeholders then there must be policy continuity. The to-do list for the incoming pensions minister is significant. The future of the triple lock, which guarantees an annual increase to the state pension of at least 2.5%, was a major point of debate between political parties during the election.In addition, the DWP earlier this year began a wide-ranging discussion with the industry about changes to defined benefit pension regulations, while a bill bringing in tighter rules for defined contribution master trusts was put on hold during the election.last_img read more

Kleven finally offloads 2015-built vessel

first_imgKleven Verft, a Norwegian shipyard, has found a buyer for a newbuild multi purpose support vessel which it completed back in 2015.Kleven said on Wednesday it had sold the newbuilding 379 to an undisclosed, international buyer.“We are pleased to have found a solution for this vessel. This was a challenging project for us, since the original customer could not find the finances to take over the vessel by agreed delivery in 2015. It is great to see that the vessel is in operation, says Ståle Rasmussen, CEO of Kleven.To remind, Kleven had signed the shipbuilding contract with Malaysian-based IES Pioneer Ltd. back in July 2014, with the expected delivery in September 2015.The vessel is of the MT 6015 MPSV design, designed by Norwegian design company MarinTeknikk, outfitted with a crane, helideck and FiFi II.The original order stipulated that the vessel would have a length of 93,8 meters, a beam of 20,0 meters, a working deck of more than 1,000 sq. meters, and  feature a 150 MT active heave compensated offshore crane, accommodation for 60 persons, CAP 437 compliant helideck , fire-fighting capabilities as well as provisions for ROV operations.However, in March 2015, Marin Teknikk AS informed it was performing a large re-construction of the vessel including the lengthening the vessel by 9 meters, plus adding a moon-pool and life boats. This was supposed to push the delivery date to December 2015, however, as seen today, the delivery had to wait for more than a year and a half.Offshore Energy Today Stafflast_img read more

MBB : Paulus working tirelessly as Ohio State video coordinator with coaching aspirations in mind

first_img Facebook Twitter Google+ Comments BOSTON – It’s after midnight in the early hours of Friday morning. Greg Paulus, clad in a shirt and tie, answers questions in the Ohio State locker room following the Buckeyes’ win over Cincinnati to advance to the Elite Eight.The reporters finally file out after the NCAA-allotted 30 minutes of interview time. Paulus’ night is just beginning.It’s after 2 p.m. later on in the day on Friday. Paulus, clad in an Ohio State sweat suit, stands in the same spot answering questions in the OSU locker room.He likely hasn’t slept. He won’t divulge whether or not he made it to bed after last night’s win, saying only that he’s watched a lot of film between then and now.Paulus doesn’t drink coffee. He stays away from it. But he admits that he had a couple Mountain Dews while breaking down tape of No. 1 Syracuse in advance of Saturday’s Elite Eight game. He calls it his ‘kick’ for when he needs a boost.AdvertisementThis is placeholder textWhen the final buzzer sounded to seal the win over Cincinnati, less than 48 hours remained before the opening tip against Syracuse. Time cannot be wasted.‘It’s been really unique to see the game from this side,’ Paulus said. ‘As a player you see it one way, as a coach you see all the preparation, the different styles.’Paulus is the Ohio State video coordinator for the men’s basketball team. Hired by OSU head coach Thad Matta in June of 2011, he’s since spent thousands of hours pouring over game tape. He wants to be a college basketball coach one day, hopefully sooner than later.Since graduating from Duke in 2009, where Paulus played point guard for Mike Krzyzewski, he’s played one season of football at Syracuse and spent one season as an assistant basketball coach at Navy.Now, in his first season with the Buckeyes, Paulus seems to have found a perfect mentor in Matta, a coach who recruited him out of high school. And he’s also found the perfect protg in sophomore point guard Aaron Craft.‘He’s such a well-rounded young man,’ Matta said. ‘And the things that he’s been through at 25 years of age, not a lot of people can say that. I love having him around, and he’s done a tremendous job in his role for us.’That role is mainly fulfilled in a high-tech room back in Columbus, Ohio. Paulus said his workspace – but perhaps it’s more of a laboratory – has a slew of TVs and computers to record games and scrutinize tapes of Ohio State’s opponents.As with his sleep schedule during the NCAA Tournament, Paulus won’t discuss how many hours he puts in each day or each week. He says it’s not about that, so he doesn’t keep track.Instead, Paulus says it’s about finishing the task at hand.The task facing him and the rest of the Buckeyes coaching staff between now and Saturday is finding a way to become just the third team in the country to beat top-seeded Syracuse this season.A native of Syracuse, Paulus has tremendous respect for SU head coach Jim Boeheim and the program he’s built. During Paulus’ one season as quarterback of the Orange football team, Boeheim allowed him to attend practice and watch the team workout.Then he’d talk hoops with Boeheim, conversations both said they enjoyed greatly. Boeheim could tell he had a bright future in coaching.‘He’s a great kid,’ Boeheim said. ‘He understands the game. He’ll be a tremendous coach.’‘Kid’ is perhaps the accurate word choice in terms of age, but not as much in terms of experience. At 25, Paulus has five years of collegiate athletics under his belt and nearly two years of coaching.And from the first minute Paulus stepped foot in the gym at Ohio State during his interview with Matta last spring, Craft, then a freshman, gravitated to him.Lenzelle Smith Jr., a sophomore guard for the Buckeyes, said Craft approached Paulus right away while other players held back. Smith was intimidated by the fact that Paulus won the Gatorade High School Athlete of the Year award.But not Craft.‘Here comes Coach Matta walking in the gym with this guy,’ Smith said. ‘Everybody knows Greg Paulus. At first, we didn’t say anything. The first person, Aaron, walks up to him and I don’t know, scratches him or some little kid thing. You know, just a big brother-little brother thing. They have a very special, genuine connection and we saw that since day one.’Since that time, the two have grown close. Paulus, whose toughness and work ethic were lauded by Syracuse assistant coach Gerry McNamara, became Craft’s mentor. Smith said Craft is routinely late for practice or barely makes it on time because he is always with Paulus, constantly picking his brain.This season, Craft has emerged as arguably the nation’s best defender. His relentless on-ball pressure harasses opposing guards to the tune of 2.5 steals per game and earned him the Big 10 Defensive Player of the Year award.Smith said they feed of each other on a daily basis, with Paulus’ competitiveness transferring down to Craft, who is the son of a high school coach. They haven’t played against each other yet, but Smith said he is pushing for a game of one-on-one once the season is over.In typical Paulus fashion, he laughs the question off and says he hopes the season lasts another week.But he follows that up with praise for Craft.‘His work ethic is tremendous,’ Paulus said. ‘He just does a great job with on the court and off the court stuff. We do have a close relationship, and he’s someone that we think is going to have a great career down the road.’As Craft looks up to Paulus, Paulus looks up to Matta. They’ve known each other for roughly 10 years, maintaining a relationship ever since Matta was the head coach at Xavier.They’re similar in demeanor – never divulging too much information – and philosophy – endless preparation.They even speak alike, with Paulus adopting Matta’s trademark ‘standpoint of’ expression.‘I think we have a very close relationship,’ Paulus said.’I’ve always had great respect for him.’It’s a respect that is thrown right back in Paulus’ direction. From Matta to Boeheim to McNamara to the Ohio State players, Paulus is respected for his drive and determination.They’re qualities that will one day get him a head-coaching job, that much is clear. And according to those around him, he will be more than qualified to do it.Said Matta: ‘He is going to be a phenomenal coach someday.’[email protected]center_img Published on March 23, 2012 at 12:00 pm Contact Michael: [email protected] | @Michael_Cohen13last_img read more

BtoBet secures Betsoft Gaming partnership

first_img Related Articles Share StumbleUpon Share Global markets are the target for BtoBet and Betsoft Gaming, following the signing of a new partnership between the two firms.Software providers BtoBet, winners of the Rising Star in Sports Betting Innovation at the 2017 SBC Awards, and iGaming developers Betsoft, detail that Europe, Africa and Latin America are the focus moving forward.Under the terms of the partnership Betsoft’s complete suite of iGaming entertainment, including its Slots3 collection of 3D video slots and ToGo, its line of mobile gaming, are to be taken on by BtoBet.Alessandro Fried, Chairman of BtoBet, commented: “I’m proud of the recent agreement signed with Betsoft. Its high level digital games combined with BtoBet’s technological platform will perfectly fit our clients needs and at the same time, their players’ expectations.“All Betsoft’s integrated games will be managed by our Artificial Intelligence learning machine, providing a real time and accurate data analysis per each customer, in order for the operator to automatically segment the players base and to build easily the best strategies, specific promotional activities and more effective ad hoc marketing campaigns.” Anna Mackney of Betsoft, added: “BtoBet is a leading company and true pioneer in our business. They carefully study both existing and emergent technologies to apply that strength to the quality of their service. “Future-ready and flexible, BtoBet offers their clients the total package of customer support backed by many years of professional experience in the field. Our full suite of solutions, including Key Performance Indicator reports, will be invaluable to them.“We are beyond thrilled to be partnering with them, and look forward to a lucrative business relationship as we lead the iGaming industry together.” SBC Awards: The key to an effective submission August 28, 2020 Submit John Williamson to oversee UK Tote Group’s international growth August 28, 2020 Kansspelautoriteit enters into MoU with Malta Gaming Authority August 28, 2020last_img read more