Cost-cutting no longer Swiss pension funds’ chief concern – survey

first_imgAccording to the Credit Suisse survey, however, pension funds now believe the issues of diversification and long-term returns are of greater importance than cost-cutting. More than 70% of respondents said diversification was key, even if it increased costs.A case in point is exposure to direct real estate, which entails increased asset management costs yet comprises approximately 19% of pension funds’ portfolios.In its report (in German) on the survey, Credit Suisse says a shift towards direct real estate holdings is “a clear win”, as it reduces risk, increases diversification and offers roughly the same return potential as portfolios with greater bond and equity exposure. Is also argues that a shift towards lower-risk asset classes such as real estate is a reflection of pension funds’ growing concerns over ageing participants.According to the survey, demographics represents the second-largest challenge for Pensionskassen after the long-term low interest rate environment, although Credit Suisse claimed this would have a minor impact on asset allocation compared with regulatory changes and external market factors.Nevertheless, more than 40% of the surveyed pension funds said they would “slightly lower” their exposure to equities due to demographic developments in their membership structure, while 20% said they would do the same for alternatives, with roughly 5% of this group seeking to reduce exposure “significantly”.For more than 50% of respondents, the relatively high conversion rate has exacerbated the Swiss second pillar’s demographic problem. Not surprisingly, more than 80% welcomed the proposal to lower the rate to 6%, as part of the government’s Altersvorsorge 2020 reform proposal, while as much as 70% said they supported the reform package as a whole. Just one-third of Swiss pension funds are currently looking to cut costs, according to a survey by Credit Suisse, which canvassed custodial clients on such issues as costs, reform, asset allocation and demographic trends.Nearly 40% of respondents were of the opinion they had dealt with the issue, while more than 70% said they had already realised their full cost-cutting potential.Cost-cutting has been a major issue in Switzerland in recent months, particularly since the final implementation of a structural reform that sees pension funds now calculating total expense ratios (TERs) for their portfolios.In addition to renegotiating fees and adjusting asset allocations, a number of pension funds – including the BVK, the pensionskasse for the canton of Zurich – are looking to claw back commissions some service providers have received.last_img read more

Critic’s Notebook: Angel Dog vs. Dodger Dog, who does it better?

first_imgThe chili cheese dog at Crafty Dogs, on the other hand, can be made with real cheddar (although goop is available). The chili might come from a can, or maybe they make it at the commissary here. Knowing the answer doesn’t change the way it tastes, but that’s not the point.The point is this: The chili cheese Angel Dog at the Crafty Dogs concession is the best-tasting hot dog at either ballpark.So there you have it.Related Articles Japanese food at the small Sushi Nakata in Monrovia is big on taste Both parks offer a chili cheese version. At Dodgers Stadium it comes with the same yellow goop they pour over nachos, and the chili is so soupy that the only way to eat it is with a spoon, or a funnel. Shoppers enjoy eating up food hall dining in Pasadena, Arcadia Rather, the biggest difference between a Dodger Dog and an Angel Dog comes with execution — and knowing that not all concessions are equal.PreviousFor the best Dodger Dogs at Dodger Stadium, look for the limited “grilled” concessions (Photo by Brad A. Johnson, Orange County Register/SCNG)Angel Dog at Angels Stadium (Photo by Brad A. Johnson, Orange County Register/SCNG)Grilled Dodger Dog at Dodgers Stadium (Photo by Brad A. Johnson, Orange County Register/SCNG) SoundThe gallery will resume insecondsGrilled Dodger Dog at Dodgers Stadium (Photo by Brad A. Johnson, Orange County Register/SCNG)Chili cheese Angel Dog from the Crafty Dogs concession at Angels Stadium (Photo by Brad A. Johnson, Orange County Register/SCNG)Chili dog, hold the cheese, at Dodgers Stadium (Photo by Brad A. Johnson, Orange County Register/SCNG)Crafty Dogs at Angels Stadium serves the best Angel Dogs at Angels Stadium (Photo by Brad A. Johnson, Orange County Register/SCNG)For the best Dodger Dogs at Dodger Stadium, look for the limited “grilled” concessions (Photo by Brad A. Johnson, Orange County Register/SCNG)Angel Dog at Angels Stadium (Photo by Brad A. Johnson, Orange County Register/SCNG)NextShow Caption1 of 7Angel Dog at Angels Stadium (Photo by Brad A. Johnson, Orange County Register/SCNG)ExpandTake Dodgers Stadium. The core Dodger Dog comes in two styles — regular (steamed) or grilled. The latter is what you want. You’ll find the steamed Dodger Dogs everywhere you look, but the grilled Dodger Dogs are available only at select concessions, which are clearly marked.The grilled Dodger Dogs have far more flavor, a better texture and, based on my random samplings, haven’t been sitting around suffocating in their wrappers as long. Either way, you’re going to have to dress it yourself, and your choices for toppings are limited to bright yellow mustard, florescent sweet pickle relish, weirdly pulverized onions and ketchup, all of which you must manage yourself, probably with just one hand.It’s a similar story at Angels Stadium, where the basic Angel Dog is steamed. There is, however, one concession where the wieners are grilled. That’s the Crafty Dogs concession on the ground level near section 127.This is where you can build your own Angels Dog, starting with a wiener hot off the grill (technically it’s a griddle at either ballpark). The best part is you don’t have to do any of the work, and you don’t have to settle for florescent toppings. Your hot dog comes off the other end of a friendly assembly line ready for its perfect Instagram moment. This is also the one stand that will construct a chili cheese dog. Outdoor dining in Old Pasadena — 3 delicious restaurant options center_img Orange County Food FinderWhere to find the best restaurant menu items in the area 10 best seafood restaurants in the San Gabriel Valley for takeout, delivery Angels versus Dodgers: Who makes the better hot dog? That’s a loaded question.Plain Angel Dog at Angels Stadium (Photo by Brad A. Johnson, Orange County Register/SCNG)Neither is great. Let’s be clear about that. Ballpark hot dogs don’t aspire to greatness. Their only aspiration is to taste like hot dogs, something to be enjoyed equally by kids and adults.There’s honestly not much difference between the basic wieners or the buns at the two parks. You should know, however, that you don’t have to settle for either team’s most generic dog.And, no, I’m not talking about “gourmet” sausages here. Just the regular weenies. (I previously sampled the “gourmet” sausage dogs at Angels Stadium and decided they were among the worst foods at the ballpark.) Newsroom GuidelinesNews TipsContact UsReport an Errorlast_img read more

Megan Rapinoe, Jill Ellis among nominees for FIFA awards

first_img U.S. Soccer says it has paid women’s national team more than men’s team United States star Megan Rapinoe and three of her international teammates are among 12 nominees for the Best FIFA Women’s Player Award for 2019, and Jill Ellis is on the list for Best Women’s Coach after leading the U.S. to its second consecutive World Cup title. A first-time Best Women’s Player recipient will be named in Milan on Sept. 23 after former winners Marta, Lieke Martens and Carli Lloyd all failed to make the shortlist announced Wednesday. One NWSL coach also made the cut: Paul Riley of the North Carolina Courage. 2019 Best FIFA Women’s Player nomineesLucy Bronze (Lyon & England)Julie Ertz (Chicago Red Stars & United States)Caroline Graham Hansen (Barcelona & Norway)Ada Hegerberg (Lyon)Amandine Henry (Lyon & France)Sam Kerr (Chicago Red Stars & Australia)Rose Lavelle (Washington Spirit & United States)Vivianne Miedema (Arsenal & Netherlands)Alex Morgan (Orlando Pride & United States)Megan Rapinoe (Reign FC & United States)Wendie Renard (Lyon & France)Ellen White (Manchester City & England)2019 Best FIFA Women’s Coach nomineesMilena Bertolini (Italy)Jill Ellis (United States)Peter Gerhardsson (Sweden)Futoshi Ikeda (Japan U-20)Antonia Is (Spain U-17)Joe Montemurro (Arsenal)Phil Neville (England)Reynald Pedros (Lyon)Paul Riley (North Carolina Courage)Sarina Wiegman (Netherlands) Rapinoe shapes as a strong contender after inspiring the U.S. to glory at the World Cup in France. The 34-year-old scored six goals in five games, including one in the 2-0 victory over Netherlands in the final, to claim a Golden Ball-Golden Boot double. Here they are! #TheBest Women’s Player nominees:@[email protected]@[email protected]@[email protected]@[email protected]@[email protected]@[email protected] NOW OPEN— FIFA Women’s World Cup (@FIFAWWC) July 31, 2019Rapinoe’s compatriots Alex Morgan, Rose Lavelle and Julie Ertz are also in contention, as are England pair Ellen White and Lucy Bronze, who claimed the Silver Ball. Related Newscenter_img Jill Ellis steps down as USWNT coach after back-to-back Women’s World Cup titles The list of contenders has been expanded to 12 from the usual 10 due to a tie in the number of votes received by some nominees.Ellis, meanwhile, is up against Netherlands boss Sarina Wiegman, whose side the U.S. beat in the World Cup final. The coaches of both semifinalists, England’s Phil Neville and Sweden’s Peter Gerhardsson, are also on the shortlist.last_img read more