UK roundup: Towers Watson, FTSE 350, Hymans Robertson

first_imgTowers Watson is to launch an independently governed master trust as it looks to gain from the growing UK defined contribution (DC) market.Master trusts are multi-employer DC trust-based schemes run by third-party organisations.The consultancy said the offering was aimed at larger employers that prefer the independent governance of trust-based schemes but with a pricing structure similar to contract-based DC schemes offered by insurers.It will provide a fully outsourced solution to DC savings. Towers Watson said it expected DC assets to triple in the next decade.It appointed Fiona Matthews as managing director of the scheme, with the board chaired by independent trustee Donald Brydon.Paul Morris, head of EMEA at Towers Watson, said cost and governance were priorities but that the scheme design was focused on member experience and functionality.In other news, the deficit among defined benefit (DB) schemes within the FTSE 350 has increased by £27bn (€35bn) since the start of 2015 as falling corporate bond yields continue to push up liabilities.The research, conducted by UK consultancy Hymans Robertson, found liabilities had risen by £42bn between 1 January and 19 January, with deficit rises stemmed by a £15bn increase in assets.Real yields since the start of the year have dropped by 25 basis points, the consultancy said, with 15-year iBoxx corporate bonds hitting historical lows on 19 January.Jon Hatchett, head of corporate consulting at Hymans Robertson, said 10-year interest rates on corporate bonds were 3% at the start of last year, and have now almost halved.“Capital market volatility is an inescapable reality,” he added.“Market sentiment about economic conditions can change very quickly. What we see today is a dramatic turnaround from several months ago, when everyone thought interest rates would rise and the gradual unwinding of QE was on the horizon.“The picture at the end of 2014 was ugly, but it keeps getting worse. This will now be of greatest concern to the many companies whose year-end reporting falls on 31 March 2015.”last_img read more

Syracuse-Boston College: Beat writers make predictions for Orange’s Week 8 matchup

first_img Published on October 22, 2016 at 12:48 am Syracuse (3-4, 1-2 Atlantic Coast) visits Boston College (3-3, 0-3) at 12:30 p.m. on Saturday. The Orange is coming off a 31-17 upset with over then-No. 17 Virginia Tech while the Eagles are coming off a bye week. SU is looking for its first back-to-back wins of the season.Here’s how beat writers Tomer Langer, Chris Libonati and Jon Mettus forecast the matchup.Tomer Langer (2-2)Clawing backSyracuse 27, Boston College 24I think this game will be closer than some people expect after SU’s win against then-No. 17 Virginia Tech. There are a lot of factors working against the Orange here. Boston College is well rested coming off a bye, the weather conditions shouldn’t be great and there’s also always the possibility of a let-down the week after a really emotional win against a weaker opponent (which seemingly is what happened to VT). I do think the Orange get back to .500 and get one game closer to bowl eligibility, but I don’t think it’ll be easy.Chris Libonati (5-2)Won if by airSyracuse 31, Boston College 20AdvertisementThis is placeholder textNow that Syracuse has established itself and gained a little bit of momentum, it is on the cusp of putting together its first winning streak in the Dino Babers era. It’s easy to see an emotional let down coming, but the team has a chance to put this season and the program on the right path. If SU understands that, I think it’ll be able to guard against a let down. Having had its first bad weather game, you’d think SU has learned how to cope with the conditions coming its way. If SU holds down the outside factors, given that it’s the more talented team, you should be looking at a .500 ball club after facing BC.Jon Mettus (5-2)Boston creamed (sort of)Syracuse 24, Boston College 13I’ll be honest, a week ago I would have picked Syracuse to lose this game with Boston College coming off a bye. But after SU’s performance against then-No.17 Virginia Tech, it’s nearly impossible to pick against it. BC has a strong defense but hasn’t won an Atlantic Coast Conference game since it beat the Orange in 2014. The Eagles offense is subpar so this one will be in the hands of the Syracuse offense. Comments Facebook Twitter Google+last_img read more