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Friends Life merger to bolster Aviva’s asset management division

first_imgAviva Investors’ prospects could be strengthened significantly after rumours of a deal between its parent company and Friends Life were confirmed. With the expected transfer of Friends Life’s assets from rival managers to Aviva Investors in the event of a merger, the asset manager was highlighted as a potentially key beneficiary, as two of the UK’s largest insurers confirmed ongoing talks.Friends Life currently outsources a large amount of its asset management and, by the end of 2014, will have £12.2bn (€15.4bn) with Schroders, significant legacy mandates with AXA Investment Managers and F&C Asset Management, and around £20bn in-house.In March, Friends Life announced that it would shift equity and multi-asset mandates to Schroders from F&C, reducing F&C’s assets under management (AUM) by 17%. In a statement to the stock market, however, Aviva said the combination of itself and Friends Life would create one of the UK’s leading asset management businesses.“The transaction is expected to lead to a substantial increase in profits and assets under management at Aviva Investors through the addition, over time, of Friends Life’s [assets], materially increasing Aviva Investors’ total AUM,” Aviva said.This would help turnaround Aviva’s struggling asset management arm and could trigger a significant shift of assets away from Friends Life’s existing providers.Aviva Investors has struggled in recent years, suffering outflows and an inconsistent management structure.Current chief executive Euan Munro joined in January 2014 after two interim CEOs took charge after the sudden department of Andrew Moss in 2012.Munro has since been charged with overhauling the asset manager and introducing new products such as the AIMS multi-asset strategy.At the end of 2013, the asset manager had £241bn in AUM after suffering £5bn in net outflows over the course of the year.Mark Wilson, chief executive at Aviva, described the manager’s 3% contribution to the group’s operating profit in 2013 as “inadequate”.AUM at the company has since fallen to £234bn at the end of June.Based on the current offer and general agreement between the two boards, Aviva’s offer for Friends Life shares would see any deal reach more than £5bn.Friends Life shareholders would own 26% of the new group, and the combined business would have 16m customers in insurance and savings.In 2013, Aviva made £2.8bn in operating profit before tax, compared with Friends Life’s £436m.According to reports, the move has been triggered by changes to the at-retirement defined contribution (DC) market that saw the removal of compulsory annuitisation.Aviva and Friends Life were both major providers of individual annuities.However, Aviva shifted focus to its bulk annuities business to make up for falling sales.According to market commentators, Friends Life had been looking to move into the bulk annuity space, building up human resource from now-defunct bulk annuity providers Lucida and MetLife.Any offer for the insurer has yet to be finalised, with Aviva having until 19 December to announce a firm takeover intention.The company said there was currently no certainty the insurer would proceed with a deal.last_img read more

Remembering when MLB’s All-Stars played offseason softball games for charity

first_img (NBC) https://images.daznservices.com/di/library/sporting_news/5/ac/bobcostassoftball-nbc-ftrjpg_1plr5sou9lisy1ig2dn5fmag76.jpg?t=-1983636823&w=500&quality=80 In any case, several of these old games are on YouTube. Here’s the one from 1984 that I found in that rabbit hole. And if you don’t think the players play hard enough to get hurt, skip to the 8:48 mark to watch Lonnie Smith do what he often did: threaten destruction of life and limb while rounding the bases. And, if you find yourself entertained, go ahead and watch the games from 1985, 1986 and 1987. If nothing else, these will each kill about an hour of your day, which, in these times, is about the best gift an isolated sports fan can receive. Back in the ’80s, things like this were common. The Pizza Hut game, later sponsored by Pepsi, was played each year from 1982 through at least 1991, with many of baseball’s top stars coming out to have fun and raise money for the Boys and Girls Clubs of America, sickle cell research, or whatever the cause might’ve been. For one hour on one weekend afternoon a year, you could watch future Hall of Famers such as Andre Dawson, Mike Schmidt, Wade Boggs and Cal Ripken Jr. wear generic “American” and “National” softball uniforms and swing aluminum bats for the nation’s entertainment. And all this happened on a generic-looking softball field in front of a few thousand people, with fans and players separated only by grass and some chain-link fencing. MORE: Ranking the 13 best set of the Junk Wax Era of baseball cardsThough similar events have been held sporadically through the years, they have long since fallen out of favor as an annual thing. Maybe there’s no real reason why, or no good reason, but I’m pretty sure that suggesting something like this in modern baseball would be a non-starter, based on what we know about current baseball thoughts and methods. For example:— Agents and teams would likely take issue with top (expensive) players doing any sort of competitive, public on-field activity in the weeks right before spring training. Wouldn’t want to risk anyone getting hurt doing something that doesn’t really matter.— Players might be leery to hit a softball so close to spring training, perhaps concerned that the softball approach would somehow inadvertently affect their normal approach at the plate. — Softballs are larger and heavier than baseballs, so there could be concern that throwing a softball around for a couple of days after training with baseballs during offseason workouts might hurt players’ arms or otherwise cause throwing issues.— The brief softball break could interfere with players’ offseason workout regimens, throwing a wrench into the lives of people who are well-known as creatures of routine and habit, and in theory causing dominos to fall that would negatively affect their seasons.— Players might not want to leave home for Florida any earlier than they need to. These games were often played in January or early February, then aired weeks later. For players who value every bit of their offseason and personal time — time with families, time to prepare mentally for a season — even losing a few days of that could be a deal-breaker.Maybe I’m wrong, but I can’t image this happening with any regularity ever again, barring a change in teams viewing players as investments, or players staying laser-focused on their craft nearly year-round. But it would be fun to watch, as it would offer a mild break during the final long days of winter and provide a brief and broad approximation of what the upcoming season holds.Plus, maybe we’d get fabulous visuals, like this one of Bob Costas wearing an amazing NBC Sports hat while talking to Brooks Robinson.center_img When we talk about how baseball has changed over the past 30 or 40 years, we’re usually referring to how players are bigger, stronger and more athletic than they used to be, or maybe how certain nuances have been lost amid a desire for more homers or a faster pace. But it’s changed in other ways, too — ways that aren’t so obvious.While working my way through a YouTube baseball rabbit hole, I found a video from NBC’s broadcast of the 1984 Pizza Hut All-Star Softball Game. If you have no idea what that is, it’s because things like this haven’t really happened for three decades. Though the event’s name makes it easy to decipher its meaning, it’s still a foreign concept in 2020: active MLB players taking time before spring training to play a competitive charity softball game.last_img read more

English players selected for GB&I Vagliano Trophy teams

first_img18 May 2017 English players selected for GB&I Vagliano Trophy teams Four English players are in the Great Britain and Ireland team of eight which will face the Continent of Europe in the Vagliano Trophy match next month. Gemma Clews (Image © Stills Photography), India Clyburn, Alice Hewson and Sophie Lamb will be joined by the Irish players Maria Dunne, Leona Maguire, Olivia Mehaffey and Annabel Wilson. The reserves are also English: Lianna Bailey and Hollie Muse. In addition, three English players are in the U16 team for the Junior Vagliano Trophy match: Annabell Fuller, Lily May Humphreys and Mimi Rhodes. The reserve is Caitlin Whitehead. The match will be played at Golf Club Bogogno in Italy on 30 June and 1 July. Elaine Farquharson-Black, who led GB&I to a memorable 11½-8½ win over the USA in the Curtis Cup last year, will captain the team and will be looking to reverse a run of five consecutive wins by the Continent of Europe. Claire Coughlan-Ryan continues in her role as captain of the U16 team for the junior match which runs parallel to the women’s competition. GB&I’s Vagliano chances may be boosted by the inclusion of Leona Maguire, who is currently the top ranked woman amateur in the world. Together with Mehaffey and Wilson she helped Ireland to a historic bronze medal in the Espirito Santo Trophy at the World Amateur Team Championships last year. Dunne has just won the Irish women’s open stroke play. England players: Gemma Clews, 22, (Delamere Forest, Cheshire), is the Welsh women’s stroke play champion and was joint runner-up in the Irish stroke play. She has also won two top scratch events this season with a combined score of 20-under par. She played in the Vagliano Trophy in 2015. She has twice helped England beat Spain, with an unbeaten record over the two mixed international matches. India Clyburn, 20, (Woodhall Spa, Lincolnshire) has won the English girls’ and Scottish U21 girls’ championships among other titles. She is a student at NC State University and has won on the US women’s college circuit. She represented England in the 2017 South American Amateur and tied 11th. Alice Hewson, 19, (Berkhamsted, Hertfordshire) was in the winning GB&I team at the 2016 Curtis Cup and in England’s gold medal winning team at last year’s European ladies’ team championship. She is a student at Clemson University in the USA where she is the top player on the women’s golf team. She has previously played in the Vagliano Trophy and the companion junior match. Sophie Lamb, 19, (Clitheroe, Lancashire) is the British women’s stroke play champion, won the 2016 England Golf Women’s Order of Merit and was England’s top scorer in the mixed international, winning all her games. She was joint runner up in last weekend’s Irish women’s stroke play, where she also helped England win the Nations Cup Reserves: Lianna Bailey (Kirby Muxloe, Leicestershire), Hollie Muse (West Lancashire). Junior Vagliano Trophy Annabell Fuller, 15, (Roehampton, Surrey) reached the quarter finals of the French U18 Cartier Trophy, was third individually in the women’s European Nations Cup and runner-up in the Harder Hall women’s invitational in Florida in January. Last year, the girl international won the Sir Henry Cooper Junior Masters and had six second places. Lily May Humphreys, 15, (Stoke by Nayland, Essex) won three big titles last year: the English U16 girls’ championship, the Fairhaven Trophies and the North of England U16s. This year she’s been runner-up in two top scratch events and reached the match play of the French U18 Cartier Trophy. Mimi Rhodes, 15, (Burnham & Berrow, Somerset) won the U16 trophy at the recent Scottish girls’ championship, where she was eighth overall. Earlier she was seventh in the Irish U18s. Last season’s results included a top ten in the Sir Henry Cooper Junior Masters. The team is completed by Ffion Tynan and Carys Worby of Wales and Sarah Byrne of Ireland. Reserve: Caitlin Whitehead The format for the Vagliano Trophy is four foursomes ties each morning and eight singles matches on the afternoon of Friday 30 June and Saturday 1 July. The Junior Vagliano Trophy takes the form of three junior foursomes each morning and six junior singles matches each day. For scoring and reports from the matches please visit Championships.randa.org.last_img read more

5 Greatest things Lionel Messi did in 2019

first_imgAdvertisement zNBA Finals | Brooklyn Vsbbh7Wingsuit rodeo📽Sindre Ebv2yn( IG: @_aubreyfisher @imraino ) lwpWould you ever consider trying this?😱1zCan your students do this? 🌚bymzRoller skating! 7bn2jsSee more on YT⬇️⬇️⬇️See more6pdBody tricks that only special people can do pt-1hhkohHow though? 🤔😂#AdrenalineJunkies458i4mA visualization of how Karma works hn9at58rkdPowered by Firework 2019 ends tomorrow and FC Barcelona forward Lionel Messi enjoyed yet another year of unprecedented success; smashing goals and records throughout the last twelve months. The Argentine has scored 50 or more goals in a single calendar year nine times since the inception of this decade and to put that in simple terms; you need to score at least 40 goals per season for the next 15 years but you’ll still find yourself way behind the modern day great. Advertisement Picture Credit: Getty ImagesAlthough glory with his beloved Catalonian club was restricted to a league title this year, Messi enjoyed a neat season with some spectacular display almost every week. But despite having a somewhat fruitful campaign with Barça, Messi’s prolific year halted for a while after Argentina was knocked out by eventual champions Brazil at the 2019 Copa America in July.The 2019-20 season started with an injury; ruling the 4-time Champions League winner out for a couple of months. But since his return normal services have been resumed. Messi scored successive La Liga hat-tricks at home against Celta de Vigo and Real Mallorca which saw him equal and then surpass Cristiano Ronaldo’s record 34 La Liga hat-tricks. And as of now he has netted 13 times and assisted 6 in 13 league matches while his European tally for this season stands at 2 goals and 3 assists in 5 games.Advertisement But these records are normal given his standards. Let’s take a look at the greatest things Messi did in 2019.1: First player to score in 16 consecutive La Liga seasons and 15 consecutive Champions League campaignsAdvertisement Picture Credit: UEFAOn October Barcelona faced Sevilla at the Camp Nou and goals from Luis Suarez, Arturo Vidal, and Ousmane Dembele in the first half, gave the Blaugranas a comfortable 3 goal lead. But Messi being Messi, put the icing on the cake with a sublime goal in the 78th minute, and as a result, he became the first player to score in 16 consecutive La Liga seasons.17 days later, Messi drew the first blood for Barcelona in a 2-1 victory over Czech side Slavia Praha and in the process, became the first player ever in the competition’s history to score in 15 consecutive seasons; breaking his previous record which he shared with Real Madrid legend Raul Gonzalez and Karim Benzema.2: The 6th Pichichi awardMessi’s tally of 36 league goals last campaign helped Barça win their 4th La Liga title in 5 seasons. Therefore, the committee had little trouble awarding Leo his 6th Pichichi award (top-scorer in a La Liga season). With this feat Messi equalled Telmo Zarra’s achievement, which was set six decades ago. Number 7 isn’t that far.3: Record for the most European Golden Shoe Every prolific striker in the world dreams to win the European Golden Shoe at least once in their career. Messi has 6 of those. ‘La Pulga’ extended his record for the most European Golden Shoe victories with his 36 goals for Barcelona and also became the first player to win the award for three consecutive seasons. Something we won’t be seeing anytime soon.4: Scoring against 34 different teams in the Champions LeagueIn November Barcelona faced Borussia Dortmund in their Champions League group-stage clash at the Camp Nou and that day Messi became the first player in Champions League history to score against 34 different opponents as he scored his team’s second goal in the 3-1 victory.Picture Credit: UEFAThe Barça captain has netted 9 times against Arsenal in the European league, while his record 26 goals against English Premier League clubs is the most he has scored against clubs from any country. We’re pretty sure he’d do well on a rainy night in Stoke.5: Record breaking 6th Ballon d’OrThe biggest award in football saw change of ownership last year; after Luka Modric took home the golden ball, ending the 10-year duopoly of Lionel Messi and Cristiano Ronaldo. With both Messi and Ronaldo tied at 5 apiece, it was always going to be a feisty battle on who gets to lift the next one. But Ronaldo’s form dipped at his new club and following his goal-scoring exploits this year, Lionel Messi became the first player ever to win 6 Ballon d’Ors on 2nd December 2019.But these records doesn’t bother Messi at all. After a successful 2019, Rosario’s favourite son is already well on his way to achieve several more personal milestones next year. Watch this space.Read Also: Lionel Messi wins record 6th Ballon d’Or as Virgil van Dijk comes in second5 best La Liga goals of 20193 problems Barça boss Ernesto Valverde must resolve before it’s too late    Advertisementlast_img read more

With or without injured Salado, Chiefs ready for crucial stretch

first_imgJake says relationship with Shaina ‘goes beyond physical attraction’ MOST READ Steam emission over Taal’s main crater ‘steady’ for past 24 hours LATEST STORIES “If I won’t be able to play, I won’t force it. I still trust my teammates that they can get the job done,” he said, as he is set to have his MRI on Wednesday.Arellano coach Jerry Codiñera also shared that Salado’s status for the game against Perpetual remains up in the air, saying, “Hopefully, he can play. But with or without him, we have to be ready.”The Chiefs resume their Final Four drive on Thursday against the Altas before wrapping up their eliminations assignment next week against Mapua. Don’t miss out on the latest news and information. For the complete collegiate sports coverage including scores, schedules and stories, visit Inquirer Varsity. Carpio hits red carpet treatment for China Coast Guard PLAY LIST 02:14Carpio hits red carpet treatment for China Coast Guard02:56NCRPO pledges to donate P3.5 million to victims of Taal eruption00:56Heavy rain brings some relief in Australia02:37Calm moments allow Taal folks some respite03:23Negosyo sa Tagaytay City, bagsak sa pag-aalboroto ng Bulkang Taal01:13Christian Standhardinger wins PBA Best Player award The speedy playmaker hurt his knee after RK Ilagan fell on him with 8:22 remaining in the fourth quarter, prompting the Chiefs to take him back to the bench.READ: Salado the hero as Arellano repulses JRU in OT FEATURED STORIESSPORTSRedemption is sweet for Ginebra, Scottie ThompsonSPORTSMayweather beats Pacquiao, Canelo for ‘Fighter of the Decade’SPORTSFederer blasts lack of communication on Australian Open smogThough Salado expressed his willingness to finish the game off, the pop he heard was enough to scare him off and keep him in the sidelines. “I heard something earlier so I didn’t force it. I don’t want to make it worse,” he said.He refused to go back to the dugout as he wanted to watch his teammates fight with their season hanging in the balance. Kiss-and-tell matinee idol’s conquests: True stories or tall tales? Coco’s house rules on ‘Probinsyano’ set Margot Robbie talks about filming ‘Bombshell’s’ disturbing sexual harassment scene With EAC’s season all but over, Onwubere hopes to go out on a high note Much to Salado’s delight, Michael Cañete, Levi Dela Cruz, and Zach Nicholls picked up the slack as Arellano pulled off the stunner to stay alive in the NCAA Season 93 Final Four race.With the Chiefs going up 7-9 and forcing a tie with the Golden Stags at fifth place, the Cagayan de Oro native bared that it motivates him to suit up in the team’s last two games as they hope to make a belated run to the playoffs.READ: Salado repays team’s trust with clutch performance“With what’s happening, I need to work to help our Final Four chances. But I’m happy that my teammates stepped up,” he said. “I want to come back because our last two games are important ones.”But if things don’t go his way, Salado said that he’ll gladly be the team’s biggest booster moving forward.ADVERTISEMENT Jo Koy: My brain always wants to think funny Jake says relationship with Shaina ‘goes beyond physical attraction’ OSG plea to revoke ABS-CBN franchise ‘a duplicitous move’ – Lacson It’s too early to present Duterte’s ‘legacy’ – Lacson Kent Salado. Photo by Tristan Tamayo/ INQUIRER.netKent Salado is hoping for the best after injuring his right knee in Arellano’s 85-79 victory against San Sebastian on Tuesday.“I believe that I can still play. I just hope there won’t be any tears because if there is, there should be swelling. It’s still hurting. I just wish it was just hyperextended because nothing is swelling,” he said in Filipino.ADVERTISEMENT View comments Sports Related Videospowered by AdSparcRead Nextlast_img read more

Here’s how the Warriors can make opening night a success

first_imgCLICK HERE if you are having a problem viewing the photos on a mobile device The Warriors will feel those emotions well … OAKLAND – The Warriors will proclaim themselves champions on ring night. But then can they play like one?Even the Warriors do not feel fully confident answering that question because of the festivities before Tuesday’s season opener against the Oklahoma City Thunder at Oracle Arena.“It’s a huge night and an emotional night,” Warriors coach Steve Kerr observed.last_img

Humboldt Crabs prepped, ready for California Expos

first_imgWhat a difference a week makes.Flashback to June 19 and the Humboldt Crabs, victims of their second shutout loss in three games, were staring at a 5-9 record.And it wasn’t hard to pinpoint why, with an offense managing — apart from two blowout wins against some arguably lesser competition in the Redding Colt 45s — just over two runs per game and a defense giving up nearly three times that number.Today, barely a week removed from a 7-0 road loss to the Healdsburg Prune Packers, the Crabs are …last_img

Louie Alas, Caloy Garcia set to coach PBA All-Star teams for first time

first_imgFrom L-R: Rain or Shine coach Caloy Garcia and Phoenix coach Louie Alas. Photos by Tristan Tamayo/INQUIRER.netPhoenix’s Louie Alas and Rain or Shine’s Caloy Garcia will be the head coaches for this year’s PBA All-Star Game in Calasiao, Pangasinan.Alas and Garcia will be calling the shots for the North and South All-Stars, respectively after the Fuel Masters and Elasto Painters finished first and second in the standings at the end of the March 10 cutoff.ADVERTISEMENT Lacson backs proposal to elect president and vice president in tandem Don’t miss out on the latest news and information. Urgent reply from Philippine ‍football chief P2.5 B shabu seized in Makati sting, Chinese national nabbed LATEST STORIES Hong Kong tunnel reopens, campus siege nears end 1 dead, 3 injured in Quezon road crash MOST READ Sports Related Videospowered by AdSparcRead Next It will be Alas and Garcia’s first time to be All-Star Game head coaches.The North squad is composed of Phoenix’s Calvin Abueva and Jayson Perkins, Barangay Ginebra’s LA Tenorio, Japeth Aguilar and Mark Caguioa, TNT’s Jayson Castro and Troy Rosario, Magnolia’s Paul Lee and Marc Pingris, San Miguel Beer’s Arwind Santos, Alex Cabagnot and Marcio Lassiter, NorthPort’s Stanley Pringle, Alaska’s Chris Banchero, Rain or Shine’s Gabe Norwood.FEATURED STORIESSPORTSPrivate companies step in to help SEA Games hostingSPORTSUrgent reply from Philippine ‍football chiefSPORTSPalace wants Cayetano’s PHISGOC Foundation probed over corruption chargesThe South team, meanwhile, is made up of San Miguel Beer’s June Mar Fajardo, Chris Ross and Terrence Romeo, Ginebra’s Scottie Thompson, Greg Slaughter and Joe Devance, Magnolia’s Mark Barroca, Jio Jalalon and PJ Simon, Rain or Shine’s James Yap, Blackwater’s Mac Belo, Meralco’s Baser Amer, NLEX’s John Paul Erram and TNT’s Roger Pogoy. Trending Articles PLAY LIST 00:50Trending Articles00:50Trending Articles00:50Trending Articles02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games02:11Trump awards medals to Jon Voight, Alison Krauss SEA Games hosting troubles anger Duterte Rockets surging as scuffling Warriors come to town Trump campaign, GOP groups attack Google’s new ad policy Private companies step in to help SEA Games hosting View commentslast_img read more

10 months agoNo chance! Bournemouth boss Howe rules out Wilson joining Chelsea in January

first_imgTagsTransfersAbout the authorFreddie TaylorShare the loveHave your say No chance! Bournemouth boss Howe rules out Wilson joining Chelsea in Januaryby Freddie Taylor10 months agoSend to a friendShare the loveEddie Howe has once again denied reports Callum Wilson will join Chelsea in January.The Blues got a good look at Wilson in Wednesday night’s 1-0 win over the Cherries.Asked about his top striker after the game, Howe was adamant he was not for sale.He said: “Callum’s our player and very, very focused on us. I think you could see that with his performance.”Asked if there was any scenario in which Wilson could be sold in January, Howe replied: “Not from my perspective, no.” last_img

10 months agoArsenal midfielder Guendouzi reveals big World Cup ambitions

first_imgAbout the authorCarlos VolcanoShare the loveHave your say Arsenal midfielder Guendouzi reveals big World Cup ambitionsby Carlos Volcano10 months agoSend to a friendShare the loveArsenal midfielder Matteo Guendouzi is determined to break into the France squad.The Gunners revelation has only just been capped at U21 level by France, but already has bigger ambitions.Guendouzi declared, “My dream is to win the World Cup one day. “Wearing the A’s jersey is the Grail, it’s above all. If I continue to work like I do with Arsenal, I’ll get there.”It’s been an eventual few months for Guendouzi, who has turned down Morocco to pledge his international future to France. last_img