On 31 January, the Stockholm District Court threw out a criminal case heard last autumn, in which the Pensions Agency had assisted the prosecution of four people with connections to Allra – and made a single claim for damages of about SEK170m (€16m).The claim was based on the agency’s view that savers had lost money because the Allra funds paid for overpriced securities transactions back in 2012.In releasing all defendants at the end of last month, the district court also ordered the Pensions Agency to pay just over SEK28m in legal costs.But the agency announced last week it had decided to appeal against ruling.Lena Aronsson, chief legal officer at the agency, said: “Our focus is on pension savers getting back the money they lost.”She said the Pensions Agency believed the transactions tried in the case were done for the benefit of the Allra representatives and not in the interest of the pension savers.“We make a different assessment from the district court, including how the evidence should be valued and how the legal issues should be assessed,” she said, adding that these were some of the reasons why the agency wanted the High Court to try the case.The premium pension system forms part of Sweden’s first-pillar state pension, alongside the main component – the income pension.A system of mandatory individual accounts introduced 20 years ago to add an element of choice to the state pension, the premium pension is now being comprehensively reformed.The overhaul was triggered primarily by consumer protection concerns as scandals over mismanagement and mis-selling dogged the funds marketplace.In the last few years, 21 funds have been deregistered from the platform because of breaches of the agreement between fund managers and the Pensions Agency.Besides the Allra affair, another high-profile banishment case has involved Malta-registered Falcon Fonds. The firm’s three funds were taken off the platform in 2016 after the Pensions Agency noticed large-scale investments in unusual securities, which later turned out to incur huge losses.IPE was not able to contact Allra by deadline to get a response to the appeal decision. Sweden’s Pensions Agency (Pensionsmyndigheten) is fighting back in its long-running legal case against the former premium pension provider Allra after a judge ruled against the authority at the end of January.Allra was delisted from the Pensions Agency’s funds marketplace platform (fondtorget) in March 2017 for having breached its obligations under the cooperation agreement.The platform lists privately-run funds Swedes can choose from within the defined contribution (DC) premium pension system.Allra’s funds were subsequently taken over by the Bank of Åland.
Our Sports ReporterGUWAHATI, Dec 1: Suraj Goala and Anshuman Gogoi won the U-17 Boys Doubles title in the YONEX-SUNRISE Sub-Jr National Badminton Championship held in Bangaluru today. Ayan Rashid of Assam and Tasnim Mir of Gujrat bagged third place in U-17 Mixed Doubles events in the same competition. Also Read: Assam clinch senior mixed team title at North East Zone Inter-State Badminton Championship
8Trinidad and Tobago420255130-754 1New Zealand4400252811718 The Netball World Youth Cup is the pinnacle of netball competition for emerging players who are under 21 years of age and the INF has held an U21 international competition every four years since 1988.The African countries competing are Uganda, South Africa, Zimbabwe and Botswana.This is the first time the International Netball Federation (INF) is holding an international event on the African continent.How the preliminaries ended 0Zimbabwe4202199215-164 0Botswana4301212159536 7Barbados400397212-1152 Quarterfinals FT: Uganda ?? 37 – Fiji ?? 39 (see video and tweet feed bottom)FT: New Zealand 69 South Africa 32Scotland vs Australia 3pmFriday (playing for 5th-8th positions)Uganda vs South Africa 12Scotland4301150162-126 10Samoa420217216394 Position in WYNC2013FlagTeam NamePLWDLGFGAGDPTS 9Fiji430110363406 5South Africa430119294986 0Malaysia300369224-1550 0Grenada400480268-1880 0Cook Islands3003121145-240 Position in WYNC2013FlagTeam NamePLWDLGFGAGDPTS 15Singapore400472259-1870 0Sri Lanka4004141198-570 4England4400242751678 6Wales4103130147-172 2Australia4400297772208 Position in WYNC2013FlagTeam NamePLWDLGFGAGDPTS 3Jamaica4301159111486 Position in WYNC2013FlagTeam NamePLWDLGFGAGDPTS ****MATCH PREVIEWGaborone, Botswana| THE INDEPENDENT REPORTER | Champions New Zealand got off to a flying start in the Netball World Youth Cup quarterfinals on Thursday, leading South Africa 36-20 in the first half.New Zealand have one step in the semifinal, where they will wait to take on the winner between Uganda and Fiji.Uganda’s She Pearls won their opening three games but lost their final Pool C game. They still qualified top of the group for the quarterfinals. 15Uganda4301180102786 13Northern Ireland4103143254-1112 Tweets about @IntNetballShare on: WhatsApp read more
Even after President Trump ordered state leaders to “dominate the streets,” Governor Andrew Cuomo refused to bring in the national guard and last night all hell broke loose in New York City. Roving looters struck high end stores on 5th Avenue and Macy’s flagship store.As a result, Cuomo slammed the NYPD and Mayor Bill de Blasio Tuesday for not doing enough to keep the city safe and the looting under control during the ongoing New York City protests following George Floyd’s death.During his daily briefing on June 2, Cuomo threw de Blasio under the bus stating that he felt that the mayor and the NYPD did not do their jobs last night to stamp out the looting and violence plaguing the city for a week.What happened in New York City was inexcusable,” said Cuomo. “I believe the mayor underestimated the scope of the problem. I believe he underestimates the duration of the problem, and I don’t think they used enough police to address the situation last night.” Giving my daily press briefing now. Watch Live: https://t.co/yYmCJKgLJ0— Andrew Cuomo (@NYGovCuomo) June 2, 2020 Monday, thousands of New Yorkers protested through the five boroughs with an imposed 11 p.m. curfew. However, by the end of the night, the NYPD reported that over 700 people were arrested for looting in Brooklyn, the Bronx and Manhattan. De Blasio reacted by moving the curfew up by three hours to begin at 8:00 tonight ahead of the 8:22 sunset.“I’m not happy about last night. The police did not do their job last night, but you have 38,000 NYPD [officers],” said Cuomo. “They have protected the city before in these situations. I’ve seen them do it before, so I know they can do it because I have seen them do it. They did not do it last night, that is true – but I believe, in the inherent capacity of the NYPD, if managed and if deployed, that’s what I think hasn’t worked, and that has to be fixed today.” That being said, Cuomo does not feel that it’s time to displace the mayor and bring in the National Guard, over de Blasio’s head, to handle the unrest. “I offered the National Guard, the mayor said he can handle it with the NYPD,” said Cuomo. “My option is to displace the mayor and bring in the National Guard as the governor in a state of emergency and basically take over. I don’t think we’re at that point. That would be such a chaotic situation in the midst of an already chaotic situation. I don’t think that makes any sense.” read more
Facebook0Tweet0Pin0 Submitted by Timberland Regional LibraryGet your hands in the dirt, literally, at the library. In a hands-on workshop, “Successful Starts for Your Garden,” Caitlin Moore will demonstrate how to start seeds in your home and get a head start on the growing season. The workshop will be held at the Lacey Timberland Library on Monday, March 4 from 1:30 to 3:30 p.m.Ms. Moore will discuss basic planting, lighting, watering, fertilizer, and how to make a greenhouse small enough for apartment dwellers. Product resource lists will be provided.Moore is the co-director of the Olympia Seed Exchange, a grassroots organization that provides seeds and information to the community. She’s also the founder of Urban Food Warrior, a whole-systems organic gardening education company.The Lacey Timberland Library is located at 500 College Street SE. For more information, contact the library at (360) 491-3860 or visit www.TRL.org. read more
23 June 2011 An artwork inspired by tributes to Nelson Mandela from ordinary South Africans and their more famous counterparts was unveiled to mark the great man’s 21st year of freedom from incarceration. The art was unveiled at a glittering ceremony on 21 June at the Killarney Country Club, where Mandela voted in the first democratic elections. The painting, a project launched by FNB at Liliesleaf Farm on 25 May, is called Ndiwelimilambo Enamagama, a phrase derived from Mandela’s home town in the Eastern Cape, meaning “a great man who has crossed many rivers”. It was made by artist Andy Robertson, from Glyphic Evolution. As part of the project, 21 well-known South African were invited to honour Madiba by delivering heartfelt tributes to the man who made, and still makes, a difference to the lives of millions of people around the world. Tributes poured in from ordinary individuals, who sent messages of how Madiba had inspired by them. They formed the inspiration for the artwork. Ndiwelimilambo Enamagama is a monumental landscape with a personal portrait of Mandela. His shirt and much of the landscape incorporate many of the tributes.Legacy “Our approach has been to look specifically at the idea of a living icon and the legacy that exists beyond that,” said Craig Hazel, the business director of Glyphic Evolution. “We’ve had the privilege of working with a host of tributes, all of which are a testament to the profound effect Nelson Mandela’s legacy has on people everywhere.” The painting was created using the boxing practice of sparring, all because of a chance encounter that the artist, Robertson, had with Mandela, he explained. Guests at the ceremony walked along a 210-metre red carpet, which denoted Mandela’s long walk to freedom, lined with pictures of his memorable journey over the past 21 years. Another highlight of the evening was a heartfelt speech by his grandson, Ndaba Mandela, who accepted the painting on his grandfather’s behalf. “It is with great pride that I congratulate the people of South Africa on 17 years of freedom – one Africa, one people, one destiny,” he said. The painting will become part of Mandela’s collection. Personalities like PJ Powers, Graeme Pollock, John Kani, Amy Kleinhans-Curd, Jonathon Zapiro, Philip Tobias, Yvonne Chaka Chaka, Roger de Sa and Gary Bailey spoke briefly about Tata, as they fondly called Madiba, and shared the ways in which he had touched their hearts and humbled them. Pre-recorded video messages also came in from those unable to make an appearance at the event, such as Desmond Tutu, Albie Sachs, Raymond Ackerman, Lucas Radebe, Chester Williams and Charlize Theron. Lezanne Human, the chief executive of FNB’s premier banking unit, noted that FNB was acting as a vehicle so that the normal public could pay tribute to Madiba. The bank would in turn relay the messages and tributes to Madiba by compiling them into a coffee table book that would also be presented to him. “Twenty-one years of freedom is a unique time in our history and we are commemorating this through a special tribute book that will incorporate all the tributes we have received from South Africans nationwide. We will present the book to the Nelson Mandela Foundation so that this milestone year goes down in history and is remembered for years to come,” she explained.Madiba Human said each icon was selected to speak about their appreciation for Madiba, especially since they all had a special relationship with him and sentimental stories to share about their relationships and how he had changed their lives. “Through this campaign we seek to rekindle the national pride felt by all South Africans on the eve of the World Cup. We also seek to create a new sense of leadership and inspiration for South Africans as we try and revive a bit of that Mandela Magic,” added Human. Messages on the night included songs that summed up what Madiba meant to various artists. PJ Powers gave a stunning performance of World in Union, and Yvonne Chaka Chaka sang Man of the World. The MC, Doreen Morris, said she once asked Mandela why we couldn’t all be coffee colour; to that, she said, he had responded that we wanted to be a fruit salad and in that complement each other. Tobias drew attention to the un-recognised things that Mandela had done for the country. The restriction against teaching evolution was lifted after he took office, and it was Mandela who applied for South Africa to be re-instated as a member of the United Nations Children’s Fund (Unicef). Radebe said: “He has given the world more gifts than we could ever give him. He’s made a difference not only in South Africa but in the world.” William added: “He is the world to me. Mandela came out of prison and ensured that all South Africans could live in peace and harmony.”Anecdotes De Sa retold an anecdote involving his son. In all his history and with all his trophies and accolades, the only time his 10-year-old son showed how proud he was of his dad, he said, was after being told his father was an icon honouring Madiba. His son shook his hand and said: “Well done, Dad.” Kani had guests in stitches with his hilarious tales of how Mandela showed him that hating the apartheid government was not the way to live. When Mandela was released, he stood in line as a cultural activist and was shocked when Madiba greeted him by name. “I remember thinking this elderly man has an incredible memory,” he said. Zapiro used a host of his cartoons to pay tribute to Mandela, noting in one of them that what Madiba inspired in us was priceless. Tutu ended the tributes by wishing Madiba well, saying “we are all so very proud of all that he’s done for our nation . He is a true leader in every sense of the word. “Thank you from not only me, but from a nation you love, and we certainly love you.” Source: City of Johannesburg read more