Danish roundup: Pension providers see uptick in contributions

first_imgDanish pension fund PFA, the country’s largest commercial pensions provider, saw contributions increase by 13% in the first three months of this year.CEO Allan Pollack said the business strategy he spearheaded was on track: “After the fantastic annual results in 2016, I am satisfied that, in accordance with our Stategy2020, we are continuing to grow in 2017.”Strategy2020 has been developed under Pollack’s leadership since he took the top position at PFA two years ago.Total contributions rose to DKK8.6bn (€1.16bn) in the first quarter of 2017, up from DKK7.6bn in the same period last year. Total return on investments was DKK7.2bn in the quarter. The return for customers with traditional average-rate pension products was 0.7%, and between 1.7% and 5.2% for those with market-rate products, including the return on the mutual savings element CustomerCapital.Pollack said that, on top of the investment and business growth seen in the first quarter, the company was streamlining operations and reducing the cost per person insured by 2%.Group CFO Anders Damgaard said the financial markets had taken off from the beginning of the year.“Nevertheless, it is important to keep in mind that pension savings should be seen in a long-term perspective, where long-term returns are crucial,” he said.PFA’s total customer funds rose to DKK449bn at the end of March from DKK394bn at the same point last year.Danica sees strong inflows across NordicsMeanwhile, Danica Pension – Denmark’s second biggest commercial pension provider – reported growth in contributions of 38% in the first quarter, to DKK11.4bn.Per Klitgård, chief executive of Danica Pension, said: “The increase in the first three months of the year is down to solid results in investment and growth in contributions in the three countries where we are represented.”In Denmark, contributions rose by 27%, while in Norway the increase was 30%. In Sweden, contributions increased by 70%, the Danske Bank subsidiary reported.Klitgård said customers had benefitted from the investment strategy Danica Pension had used over the past two years.“Getting the best possible repayment for risk has been – and will continue to be – the key words when we invest,” he said.The return on market-rate pensions was 3.6% in the first quarter, up from a 1.3% loss for the same period the year before. For traditional average-rate pensions, however, the quarter produced no return (0%), after 3.8% in the first quarter of 2016.Danica Pension’s total pensions assets increased to DKK409bn at the end of March from DKK390bn at the same point last year.last_img read more

Inside the LA-inspired mansion of Manpower founder Billy Cross

first_imgAn aerial view of 297-299 Monaco St, Broadbeach Waters (far right).FOR a fun-loving social couple with two young boys, home for Billy and Jackie Cross has been as much a space for family as for entertaining. Having purchased their Broadbeach Waters plot with a knockdown house in 2009, the couple worked with Bayden Goddard Design Architects to bring their vision to life. MORE: Tallebudgera new build is Qld’s most popular house Wide glass windows allow for a connection with the outdoors.An annual Australia Day gathering has been a longstanding event on the Cross social calendar, but with their sons now grown up, life is moving into a new phase.“We’ve bought the penthouse in White at Main Beach, so we’ll be starting a new chapter close to the restaurants and cafes there,” Mr Cross said.“I’m excited and emotional. I love the aspect of walking to the shops to grab coffee and bagels from the bakery in the mornings, and late night Thai or Italian. “But at the same time we’ve spent 12 years in this house so we will miss it.” Michael Kollosche is taking expressions of interest until October 7. There are multiple areas for relaxation and low-key socialising.Full height stacker doors allow the indoor living areas to flow easily onto alfresco entertainment spaces, where the aspect takes in a pool, a tennis court and main river. “We’re on nearly 2600 sqm of land with a park across the road and the main river at the back,” said Mr Cross.“Laying out there watching the boats and jet skis go by on main river is a really relaxing place to be and a great space for entertaining.” How to buy in a hot market + fastest selling suburbs A tennis court, pool, gymnasium and river frontage create opportunities for recreation.An outdoor kitchen is equipped with teppanyaki facilities and three wine fridges, in addition to the temperature controlled 2000-bottle cellar inside. Entertaining is second nature for the vivacious entrepreneur, who shot to fame in the 1980s as the founding member of hit male stage show Manpower. The man cave has been a favourite feature for Mr Cross.But the hands-down favourite feature goes to the man cave, which Mr Cross describes as “one of the best on the Gold Coast”.It’s kitted out with a bar, wine fridges, classic pub pool table and seven televisions for the ultimate sporting feast.“You can watch the races, footy and AFL at the same time,” Mr Cross said.“It has been a great space to have the boys over for punting sessions on a Saturday or late night parties.” The house is well designed for entertaining, relaxation and play.Their sprawling LA-inspired mansion, at 297-299 Monaco Street, has a relaxed elegance about it, with multiple areas for rest, exercise and play. “It’s a big house with a lovely open plan, but the spaces still feel intimate,” said Mr Cross, who credits wife Jackie for the styling.“Having two young boys, it’s been an amazing place for them to grow up in.” The outdoor areas offer views of the river and city skyline.Mr Cross went on to run a string of nightclubs in Surfers Paradise and Las Vegas, where his Thunder from Down Under show has been a roaring success.Waking up to a gym, steam room and massage room have made home workouts a breeze, while sons Nick, now 17 and Josh, 21 made the most of the tennis-come-basketball court over the years. More from news02:37International architect Desmond Brooks selling luxury beach villa6 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag1 day ago Iconic trophy mansion sold via FaceTime The LA-inspired design gives off a relaxed sense of elegance.last_img read more

DepEd chief: No face-to-face learning when classes start

first_img“We will not allow face to face na physical na…nagdidikitan ang mga bata. Hindi papayagan ‘yan ng DepEd,” says Education Secretary Leonor Briones. CNN PH The DepEd, according to Briones, would be using broadcast media and the internet to deliver education to students. According to Briones, the DepEd would still pursue the class resumption on Aug. 24 through alternative approaches like blended learning at flexible learning. “We will not allow face to face na physical na…nagdidikitan ang mga bata. Hindi papayagan ‘yan ng DepEd,” Education Secretary Leonor Briones said Thursday during the Laging Handa virtual press conference. For her part, Briones said that DepEd’s stand does not have conflict with the statement of President Dutere.“I would like to emphasize: There is no conflict, there is no disagreement, there is no debate between the pronouncement of the President and of the department because they are exactly the same,” she said.   Presidential spokesman Harry Roque the next day clarified that the President was only prohibiting face-to-face classes in areas that would remain under community quarantine.center_img MANILA – The Department of Education (DepEd) will disallow face-to-face classes in the coming school year as the threat of coronavirus disease 2019 (COVID-19) lingers. The department has been crafting self-learning modules that will be printed and reproduced for those who have no gadget and access to internet, she added.The school year was scheduled to start on Aug. 24 but teachers and students are not obligated to go to school in person since schools would implement various alternatives to in-person classes./PN The education department earlier said the conduct of face-to-face classes would depend on the risk level of the areas where the schools are located. On Monday, however, President Rodrigo Duterte opposed the resumption of classes with the physical attendance of students.last_img read more

This Smart Mirror Gives You More Time To Admire Yourself

first_img 2019 Tech Trends Worth Getting Hyped AboutYou Can Finally Buy A Terabyte SD Card Thanks to Lexar Be honest, what are you mostly using a mirror for? Putting on makeup? Fixing your hair? Or just doing nothing but staring at your own face, smiling and appreciating just how great you look. Come on, you’re a millennial! But then something happens in your home that steals your attention, steals your precious time for self-reflection (literal, not metaphorical). How do you to rectify this injustice?At CES 2019, Simplehuman has the answer to all your vanity dreams: new smart mirrors with integrated voice assistants.Simplehuman has been making smart mirrors for years. But the new $400 Sensor Hi-fi Assist adds Google Assistant. That makes the Sensor Hi-Fi basically a smart home product, a potential new part of your Internet of Things network. Talk to the smart speaker to activate any other services you have tied in with Google Assistant in your home like setting alarms or making calls or adjusting the blinds. Command this faceless helper while staring at your own beautiful face.AdChoices广告The mirror part of the Sensor Hi-Fi is smart, too. In fact, you can get a $350 version without Google Assistant to save $50 and still get a pretty nifty product. Using the mobile app, both mirrors shine with robust different lighting options around the rim of the circular glass. Proximity-activated “tru-lux” artificial sunlight helps you see how your face looks under natural conditions and adjust your look accordingly. Turn the mirror into a lamp, faux candle, or night light designed to not disrupt sleep. And the surprisingly powerful speaker itself can play your music through Bluetooth.I’ve been staring at this screen for too long to write this article. I need to get back to staring at my face. We’ll all be able to better do that soon when the Sensor Hi-Fi and Sensor Hi-Fi Assist smart mirrors from Simplehuman launch this spring. For more from CES check out this smart kettlebell and pollution-blocking cycling mask. Stay on targetlast_img read more