Nordea Liv & Pension rebrands as mutual status beds in

first_imgNordea Liv & Pension, the Danish pension provider, has unveiled a new brand to distinguish itself in the country’s highly competitive pensions market as it prepares to become 100% customer owned.The company is to be renamed “Velliv” (Well Life) this autumn, the company said last week.It has grown away from Nordea, its Nordic banking group parent, in the past two years, undergoing structural changes as an association owned by Nordea Liv & Pension’s customers gradually bought the business from Nordea Life Holding.The association, Norliv — previously called Foreningen NLP — upped the 25% stake it bought in Nordea Liv & Pension in 2016 to 70% this January. At the same time it announced that Norliv’s ownership would increase to 100% in the next few years. As part of the name change, Norliv is also rebranding to Velliv Foreningen (association).Anne Broeng, chair of Nordea Liv & Pension’s supervisory board, said: “We have a strong foundation to build on as a customer-owned company.”The business’ three sources of return – a competitive investment strategy, the interest rate from DinKapital, and the first cash bonus from the association Norliv – were now a reality, she said.“We have a value offer that is interesting for existing and new customers,” she added.Nordea Liv & Pension had DKK224bn (€30bn) in total assets at the end of 2017, ranking it as Denmark’s fifth largest pensions provider according to IPE’s 2017 Top 1000 survey (not including the statutory pension fund ATP).Norliv passes 80% of its investment returns to members as a cash bonus through Nordea Liv & Pension, and donates the remaining 20% to mental health charities chosen by Norliv’s members.Peter Gæmelke, Norliv’s chairman and deputy chairman of Nordea Liv & Pension, said the name “Velliv” matched the essence of the association’s activities.“We want to contribute to a good life through activities that promote good mental health,” he said.In an article in Danish news service Finans, Søren Andersen, actuary and director of Danish pensions consultancy FPension, said the new business structure gave Velliv an advantage in terms of return of roughly 20 basis points.“The company is ahead of the bank-owned firms from the start in this respect, because its owners send most of its return on to the customers,” he said.However, Velliv’s biggest challenge would be in maintaining its level of return, Andersen added.“Up until now they have been able to lean on Nordea’s asset management, and it will be exciting to see how the company goes on without Nordea purely from an investment point of view,” he said.last_img read more

Southern Iowa Speedway hosts July 15 IMCA Hawkeye Dirt Tour show

first_imgOSKALOOSA, Iowa – The first half of a Hawkeye Dirt Tour doubleheader takes traveling Xtreme Motor Sports IMCA Modifieds to Southern Iowa Speedway next Wednesday, July 15.The main event pays $1,000 to win, a minimum of $150 to start and is a qualifier for the 2015 Fast Shafts All-Star Invitational ballot.IMCA Sunoco Stock Cars, Karl Chevrolet Northern SportMods, IMCA Sunoco Hobby Stocks and Mach-1 Sport Compacts complete the midweek card.Modifieds vie for IMCA Speedway Motors Weekly Racing National, Belleville Motorsports North Central Region Allstar Performance State and special series points. All applicable points, including local track points, will be awarded in the other divisions.Pit gates open at 5 p.m. and the grandstand opens at 5:30 p.m. Hot laps are at 7 p.m. and racing gets underway at 7:30 p.m.Grandstand admission is $10 for adults, $5 for students ages 13-17 and free for 12 and under. Pit passes are $25.Southern Iowa Speedway has hosted three previous Hawkeye Dirt Tour events. Michael Long of Quincy, Ill., won there in 2012, Todd Shute of Des Moines took the 2013 checkers and Andrew Schroeder of Keswick topped last summer’s feature.More information about the Oskaloosa show, postponed from June 11 because of inclement weather, is available by calling promoter Mike Van Genderen at 641 521-0330, at the and websites, and on Facebook.The tour is at Knoxville Raceway for the Thursday, July 16 Harris Clash. That $2,000 to win feature is the final qualifying event for the first round of Fast Shafts All-Star voting.IMCA Hawkeye Dirt Tour top 20 point standings – 1. Kyle Brown, State Center, 138; 2. Mike Van Genderen, Newton, 136; 3. Ronn Lauritzen, Jesup, 122; 4. Ryan Maitland, Waterloo, 115; 5. Nick Roberts, Des Moines, and Andrew Schroeder, Keswick, both 102; 7. Jeff Waterman, Quincy, Ill., 97; 8. Mitchell Morris, Long Grove, 91; 9. David Brown, Kellogg, 84; 10. Todd Shute, Des Moines, 78; 11. Patrick Flannagan, Cedar Rapids, 76; 12. Richie Gustin, Gilman, 75; 13. Troy Cordes, Dunkerton, 59; 14. Scott Hogan, Vinton, 54; 15. Cayden Carter, Oskaloosa, 51; 16. Mark Elliott, Webster City, 50; 17. Dennis Betzer, Central City, and Joel Rust, Grundy Center, both 47; 19. Chris Zogg, New Liberty, 46; 20. Jeremiah Hurst, Dubuque, Kyle Strickler, Mooresville, N.C., and Jason Wolla, Ray, N.D., each 40.last_img read more

BCQS Guyana Masters Squash Championship serves off today

first_img… Barbados, BVI and Jamaica to participateTHE Guyana Squash Association (GSA) will be serving off 2020 with a new addition to its calendar – the first BCQS Guyana Masters Championship, today at the Georgetown Squash Courts from 17:00hrs.Sponsored by property and development company, BCQS International, the tournament will see Guyana play hosts to Squash Masters from Barbados, Tortola and Jamaica.According to a release from GSA, 26 players will contest in the following categories – Women’s Over-35, Men’s Over-35, Over-45, Over-55 and Over-65 to show mature athletes still have the ability to perform in this ultimate court game.From Young Masters to ‘Vets’, the line-up of players promises some outstanding play and close battles in the various age groups. Guyana’s long-time players Denis Dias and Tony Farnum will be representing the Over-65, Narendra Singh, Lloyd Fung-A-Fat and Wayne Alphonso in Over-55, David Fernandes, Joe Mekdeci for Over-45, and Regan Pollard in the Over-35..In the Women’s Over-35 Lydia Fraser and Tian Edwards challenge the lone overseas female competitor from Barbados. “Having sponsor BCQS International on board for this event is welcomed by GSA as an opportunity to broaden the scope of Masters squash in Guyana and allow those with a lifelong dedication to the sport to showcase their experience and expertise,” the association said.After today’s opening round of matches, action will continue tomorrow from 17:00hrs, followed by two sessions on Saturday (11:00hrs and 16:00hrs).last_img read more

Timberwolves fire Tom Thibodeau in surprise move after win

first_imgMINNEAPOLIS – Tom Thibodeau walked out of Target Center with a win on Sunday afternoon.There was little indication that the 108-86 victory would be his last in Minnesota.The Timberwolves unceremoniously cut ties with the 60-year-old coach and team president a little over an hour after he had led them past the Lakers, according to multiple media reports. He finished with a 96-107 record in two-and-a-half season, marked by a playoff appearance last year, but great turbulence at the beginning of this season with his biggest star.Scott Layden remained as general manager in the shakeup for the Timberwolves (19-21), who tapped assistant Ryan Saunders to be interim coach as the team continues to push for the postseason.Related Articles Lakers, Clippers schedules set for first round of NBA playoffs Lakers practice early hoping to answer all questions How athletes protesting the national anthem has evolved over 17 years AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREUCLA alum Kenny Clark signs four-year contract extension with PackersThibodeau’s fate appeared to be sealed after Jimmy Butler, a star he helped bring to Minnesota in a trade during the 2017 offseason, blew up into a public feud with management and demanded to be traded. While Butler was an All-Star for his one full season with the Wolves, his drama throughout his first 10 games this season leading to his exodus to Philadelphia threatened to consume the team’s ambitions.Thibodeau appeared to have little awareness that he was on his way out in his postgame press conference, answering questions about the performances of Karl-Anthony Towns, Andrew Wiggins and Jeff Teague as he normally would. The team has won five of its last eight games.Kuzma misses second straight startThe Lakers had hopes that they would have their second-leading scorer against Minnesota, and he even warmed up, but Kyle Kuzma couldn’t play for his second straight absence as he continues to deal with lower back pain.Kuzma went through a pre-game routine, and could be seen in the locker room pregame receiving treatment and joking around with teammates. But between continued stiffness that he’s suffered since Wednesday’s game against Oklahoma City and a back-to-back travel schedule for the Lakers, the team felt it would be best to sit him at least once more. Trail Blazers, Grizzlies advance to NBA play-in game; Suns, Spurs see playoff dreams dashed “He was close,” Walton said. “They said his workout was really good. It looked like he was moving better. He just kind of stiffened up sitting around pregame so with someone’s back and on a back-to-back, it just didn’t seem like it was the right call to throw him out there.”Walton said Kuzma would receive treatment Sunday night and Monday morning in Dallas. He’s considered questionable against the Mavericks in what could come down to another game-time decision. Trail Blazers beat Grizzlies in play-in, earn first-round series with the Lakers Newsroom GuidelinesNews TipsContact UsReport an Errorlast_img read more