The five largest pension funds in the Netherlands are seeking co-operation on pensions provision, according to APG, the asset manager and pensions provider for the €420bn civil service scheme ABP.In its 2019 annual report, it said that ABP was carrying out a joint investigation with “two other providers” into the options of cost reduction through a co-operation on pensions provision.In addition to ABP, APG also serves BpfBouw, the €63bn pension fund for the building sector.The metal pension funds PME (€52bn) and PMT (€80.3bn), which are served by MN, and the PGGM-managed €218bn healthcare scheme PFZW are also looking to join forces. APG added that any co-operation would be subject to the individual schemes keeping their individual criteria. It also said the pension funds involved expected to take the first concrete steps this year.The five pension funds have combined assets of €833bn, and represent 8.7 million of Dutch workers and pensioners.APG reported administration costs of €67.30 on average for its eight pension fund clients, a drop of €2.10 relative to 2018.The pensions provider said it also aimed for cost cuts and improved efficiency by attracting new clients, adding that growth would also boost the potential for innovation and synergy.It highlighted that it wanted to add more than 100 professionals to its asset management operations, and that half of them would be allocated to its investment teams in Hong Kong and New York.
England will play semi-final encounter after 27 years. Joe Root has been most successful batsman for England. Jonny Bairstow scored two consecutive hundred in 2019 World Cup. Birmingham: England’s star batsman Joe Root says they have the ability to exact revenge for the league stage loss to Australia when the arch-rivals meet in Thursday’s World Cup semifinal. England were downed in convincing fashion by their fiercest rivals at Lord’s last month and looked in serious danger of missing out on the semi-finals at their home tournament.But back-to-back wins over India and New Zealand turned the tables and have put the No.1 ODI side in world on a collision course with Australia at Edgbaston in the second semi-final.England have lost their last two clashes with Australia including a warm-up game before the showpiece Cup began, but before that Root and co had the edge with a series win Down Under and a 5-0 whitewash on home soil.”If you look at the past 11 games against them we have won nine,” he said.”These guys and this group over the last four years, their experience against Australia have been very positive and they have got a lot of success in the bank.”I don’t see that as a big worry for this group, we will be drawing on that confidence that over a long period of time now we have been successful against Australia and we should take that into Thursday.”Add to that the fact that England have found their best form with Jason Roy back firing fit at the top of the order and the mood is clearly buoyant.Root added: “I feel we are in a good place coming into it, I feel like the last two days have almost been like knockout cricket for us.”We have been playing in a high-pressure environment for a while now and hopefully that will hold us in good stead going into this game.”It doesn’t matter (who are the favourites). It comes down to who plays their best cricket on the day. If we play in the manner we have the last two games, we will be a very difficult side to play against.”You can look at form, statistically who is stronger, but it all comes down to who handles the day better, who plays the stronger cricket for the longest period and who will stand up and be victorious at the end of it.”The left-arm attack of Mitchell Starc and Jason Behrendorff, who took a five-for at Lord’s, have proved England’s undoing in the last two encounters.But Root is confident lessons have been learned ahead of that encounter.”They bowled extremely well with the new ball, and those early wickets basically dictated the way the game went,? he added.”It is about understanding that will be the main threat early on, that ball swinging and if we can combat that and make a good start then we give ourselves a better chance.”It is something that seems to have been very effective throughout the tournament, that left-arm angle and throughout one day cricket for a while now and they have exploited that nicely.”But we have also seen that we can score quite nicely if they don’t get it right. Trying to be very objective about it, and clear on how you approach it will be very important.”The guys have faced a lot of left arm stuff over their careers and in build up to last game. There will be a lot talked about it and with that comes pressure for them as well to deliver. It works both ways.” highlights For all the Latest Sports News News, ICC World Cup News, Download News Nation Android and iOS Mobile Apps.
Plans to have the highly-anticipated new asphalt plant commissioned in April are progressing well as the Public Infrastructure Ministry awaits the shipment of the plant later this month.The plant is scheduled for shipment on February 25, 2019 from Germany, according to the Ministry and the Demerara Harbour Bridge Corporation (DHBC). Officials from these two entities recently inspected the plant in Germany to verify its state of readiness and preparatory arrangements for shipment to Guyana.The new asphalt plant was procured through public tender during 2018 by the Demerara Harbour Bridge Corporation, signalling an increase in operations and growth in demand.As reported, it is anticipated that the new asphalt plant will have the power and capability to produce approximately 160 tonnes of asphalt per hour – almost four times faster than the current asphalt plant. Presently, the Special Projects Unit under the Public Infrastructure Ministry utilises almost 60 per cent of the asphalt produced by the DHBC.As an infrastructural investment, this plant is expected to provide efficiency in the continuity of supply of materials to the Ministry in the execution of road construction and rehabilitation, without compromising quality or price, as the DHBC remains the cheapest asphalt concrete producing company in Guyana.Further, as the product of a top brand worldwide, the new plant is expected to meet all required environmental standards regarding air and noise emissions.The Ministry said the installation will equip Guyana with the most modern plant within the Caribbean.