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

8 foods that keep you cool

first_imgFood & DiningLifestyle 8 foods that keep you cool by: – September 9, 2014 Sharing is caring! Summer is synonymous with cold beers, days by the pool and frozen desserts. It’s all about beating the heat. However, foods that seem like chill choices may have the opposite effect. According to traditional Chinese medicine, there exists “warming foods” and “cooling foods.”“It is said that the cooling foods help to clear heat and toxins from the body, whereas the warming foods increase circulation and raise qi or vital energy,” explains Kerry Bajaj, certified health coach at Eleven Eleven Wellness Center in New York City. Reach for the following eight foods this summer for some sweet, healthy relief.CucumberBeing “cool as a cucumber” might actually have some weight to it. Cucumbers are incredibly hydrating, and staying adequately hydrated during the hotter months is crucial. Snack on cucumber slices and hummus, or if you’re truly desperate for some heat relief, “A green juice with lots of cucumber and lemon is a great way to stay hydrated and cool,” says Bajaj. Either way, you’ll reap the benefits.WatermelonNo day at the beach is complete without some fresh slices of watermelon, and you’re actually doing your body a favor by keeping the tradition alive. “It’s so helpful to eat seasonally, says Bajaj.” In the summer, cooling foods like watermelon can act like internal A/C, while in the winter, warming foods like meat, spices and root vegetables can act like an internal space heater.”PeachesOriginally cultivated in China, peaches are another cool, seasonal pick. Not only are they delicious this time of year, but they also contain vitamins A and C, which promote healthy skin, and at 35 to 50 calories a pop, they make the perfect diet-friendly dessert.ApplesPair apples with peanut butter for the perfect snack that will cool you down and fill you up. Apples contain about 4 grams of fiber for around 95 calories. They also contain a type of soluble fiber called pectin, which has been found to stop hunger in its tracks and aid in weight loss. For an extra dose of on-the-go refreshment, pick up an Apple-Ade, a freshly squeezed blend of apples, lemon and ginger, at Jamba Juice.PineappleAlong with banana, spinach, kale and cucumber, pineapple makes for a kick-ass green smoothie booster. In fact, all of these ingredients are considered to be cooling, so blend away! Pineapple is also the only known source of an enzyme called bromelain, which is credited for reducing inflammation in the body.Leafy greensIs there anything that leafy greens can’t do for your body? Spinach, kale, collard greens and romaine take the nutritional cake for healing and helping your body. Since greens have a high water content, they’re easy to digest. This means your body doesn’t have to work as hard, which saves you energy and keeps you cool.LemonsCitrus has an incredible cooling effect on the body and also promotes detoxification. Everyone knows how important it is to drink a ton of water every day, but plain ol’ H2O can be boring. Time and time again, experts recommend adding lemon to your water not only for its skin and immune-boosting benefits, but because it actually encourages you to drink more water overall.ZucchiniZucchini is actually a type of summer squash that can range in color from yellow to a dark green. In addition to containing vitamin C and important phytonutrients, zucchini is a great source of manganese. The mineral can help protect your body from free radicals (particularly of concern during the summer months when you’re more susceptible to sun damage) and also promotes collagen production and healthy bone tissue growth.Helathy Living Share 211 Views   no discussionscenter_img Share Tweet Sharelast_img read more

With win over Iowa, Badgers in driver’s seat for Big Ten championship

first_imgA little less than halfway through the Big Ten season and one of the main goals the No. 5 Wisconsin men’s basketball team set for itself is starting to look very achievable.Wisconsin has not won a regular season Big Ten championship since 2008 and after this weekend’s slate of games in the Big Ten, combined with the Badgers’ 74-63 win over Iowa Saturday, Wisconsin now has a two-game advantage in the loss column over the five teams that currently sit at second place in the conference.Maryland, Ohio State, Indiana, Michigan State and Purdue have 6-3 records in Big Ten play, one-and-a-half games back of first place Wisconsin who sits at 7-1 in conference.But don’t tell these numbers to anybody on the fifth-ranked Badgers, who are one upset-loss to Rutgers away from being undefeated in Big Ten play. There’s still plenty of the regular season left to play.“We’re just as far away from it as we are to it,” sophomore forward Nigel Hayes said of winning a conference championship.Through eight Big Ten games this season it would be very hard to argue that Wisconsin is not the best team in the conference. The Badgers are the only team currently ranked in the top 15 in the country from the Big Ten and their two losses this season, overall, are the fewest of any team in the Big Ten.So while the Badgers are certainly on the right track toward their first conference regular season conference championship in six years, there’s still plenty of work to be done.“We talked about how we’re kind of in the driver’s seat right now and that we control our own destiny,” senior forward Frank Kaminsky said. “We don’t want to drop any games and we want to win out from here and go into the [Big Ten] tournament as Big Ten champions.”The rankings as of Sunday show that the Badgers have just two ranked opponents left on their regular season schedule. No. 25 Indiana comes to the Kohl Center Tuesday before Wisconsin travels to Maryland Feb. 24 to take on the No. 16 Terrapins.In addition to Indiana and Maryland, the Badgers still have to travel to second place Ohio State as well as rival Minnesota and play Michigan State at home. So while Wisconsin sits at 19-2 and 7-1 in the Big Ten, it won’t mean much if a regular season Big Ten championship slips through its grasp.“We haven’t done anything yet,” Wisconsin head coach Bo Ryan said. “That’s our motto. We haven’t done anything yet.”Iowa Game Notes— Wisconsin’s 19-2 start to the season is the program’s third-best start while its 7-1 Big Ten record marks just the third time in program history that Wisconsin has won seven of its first eight conference games. — The Badgers have now won four straight games over the Hawkeyes, winning both matchups this season and last season. Overall, Bo Ryan is 19-7 against Iowa in his tenure at Wisconsin. — With four players scoring in double figures (Sam Dekker, Josh Gasser, Hayes, Kaminsky), the Badgers have now had at least four players score in double figures in a game 10 times this season. — Wisconsin turned the ball over just six times Saturday and with the one turnover the Badgers committed against the Hawkeyes Jan. 20, they turned it over only seven times in two games against Iowa. Excluding the games against the Hawkeyes, Wisconsin has committed less than seven turnovers in a single game only four times this season.— With a game-high 24 points, Frank Kaminsky has now scored 20 points in four of his last five games and has eclipsed the 20-point mark seven times this season.— Sophomore guard Bronson Koenig had zero turnovers Saturday and has only three in 177 minutes as a starter for Wisconsin.last_img read more