Green light for Central kicks off UK government LGPS pool feedback

first_imgLGPS Central happened to be the first of the pools to meet with the minister and has received a letter that effectively amounts to approval of the pool’s plan. Colin Pratt, investments manager at Leicestershire County Council, the administering authority for the Leicestershire Pension Fund, said: “The letter more or less says ‘carry on the good work’, and it doesn’t raise any issues that need addressing, so it’s basically ‘carry on and get through the first of April 2018 in the way that you’re proposing to’.“I think that’s probably as close as we’re going to get to formal approval.”The Wales pool had not replied to a request for comment from IPE by the time of publication.The eight pension funds* in LGPS Central are intending to pool £32.6bn (€38.5bn) of assets, well above the £25bn that had been indicated by the government as a minimum requirement.The letter confirmed that the pool’s authorisation by the Financial Conduct Authority (FCA) is a pre-requisite.Obtaining this authorisation is part of “a huge chain of events” that must happen in the run-up to April 2018, according to Pratt.This includes making key appointments, to positions such as a chief executive and a COO and of providers such as asset servicers, he said.“There are a whole host of things that need to be done, and we are working on all of them,” Pratt said. “We have made good progress to date, but the timetable is still very challenging.”Pratt noted that the governance structure and regulatory set-up being targeted by LGPS Central was closely aligned with the model initially suggested by the DCLG, as this was deemed the best fit for the eight pension funds forming the pool. *Pension schemes for Cheshire, Derbyshire, Leicestershire, Nottinghamshire, Shropshire, Staffordshire, West Midlands Pension Fund (including West Midlands Integrated Transport Authority) and Worcestershire The UK government has given the Central local government pension scheme asset pool the go-ahead to proceed with the plan it submitted for its formation to the Department for Communities & Local Government (DCLG) in the summer.All of the emerging local government pension scheme (LGPS) asset pools have been invited to meet with the minister, Marcus Jones, with LGPS Central and the Wales pool having been the first to have their meetings, last week.The round of meetings will extend into early December.The pools, at least some of them, have been anxious to get feedback from the government about the models and plans they have proposed for setting themselves up, given what they see as a tight timeframe for being operational by the 1 April 2018 deadline.   last_img read more

Serena Williams vs. Barbora Strycova results: Williams advances to 2019 Wimbledon final for shot at 24th Grand Slam

first_imgThe quest for 24 continues.Serena Williams made quick work of Barbora Strycova, defeating the Czech in straight sets (6-1, 6-2) to advance to the Wimbledon Final where she will meet Simona Halep on Saturday morning. The match lasted just 59 minutes. 10:10 a.m.: Strycova bounces back to tie the set at 1-1. Williams just missed wide and long to hand Strycova the hold.9:58 a.m.: Serena elects to serve and wins the first game.Who will join Simona Halep in the #Wimbledon final?It’s @serenawilliams vs @BaraStrycova…Live scores 👉 https://t.co/1I4MjWFaWP pic.twitter.com/H9YpCLUHBP— Wimbledon (@Wimbledon) July 11, 2019The match is scheduled for around 10 a.m. ET. Live updates will begin at that time. With Williams serving to take the first set, Strycova managed two break points before the seven-time Wimbledon champion blasted an ace pact Strycova to take Set 1 in just 27 minutes.MORE: Wimbledon 2019: Scores, schedule and TV channels for every matchSet 2 was more of the same as Strycova was visibly in pain and even let a pair of screams out on Centre Court. Williams broke the Czech in the fifth game before closing out the match.Saturday’s final will be Williams’ 11th appearance in Wimbledon singles championship, the second-most all-time behind only ‎Martina Navratilova’s 12. Williams will be the oldest women’s finalist in the Open Era.A win on Saturday would tie Williams with Margaret Court for the most career Grand Slam singles titles of 24. Since returning in 2018 from giving birth to her first child, Williams had advanced to three of the six Grand Slam finals that she has appeared in. Halep has never played in a Wimbledon final.Sporting News tracked live scoring updates and highlights from the 2019 Wimbledon women’s singles semifinals. Follow along below.Serena Williams vs. Barbora Strycova score, resultsBelow are live scores and results from the 2019 Wimbledon semifinals.WimbledonSemi-finalThursday 11 JulyEndElina Svitolina (8)13-Simona Halep (7)66-EndSerena Williams (11)66-Barbora Strycova12-All start times are estimatesClick here or refresh the page if you don’t see a live scoreboard.Match updates, highlights from 2019 Wimbledon women’s semifinalsFinal: Williams def. Strycova 6-1, 6-2Set 2: Williams 6, Strycova 211:01 a.m.: Well that was easy. Williams wins the set 6-2 and advances to her 11th Wimbledon singles finalSerena is Finals bound at #WimbledonShe has reached at least one major final in 12 consecutive years, the second-longest streak of its kind by a woman in the Open Era. pic.twitter.com/MKbuPqOM8S— ESPN (@espn) July 11, 201910:56 a.m.: Strycova lets out a piercing scream as Williams wins the game to go ahead 5-2. Williams now serces for a spot in the final opposite Halep.10:52 a.m.: Quickest game yet for Williams. Williams wins 45-0, and Strycova appears to be in some pain.10:47 a.m.: There’s the break Williams needed. After Williams won the fourth game of the set, Strycova was in position to take the fifth game, before a double fault at 30-30 and an easy unforced error at the net for game point gave Serena the lead. Williams leads 3-2.10:40 a.m.: Strycova holds serve and leads 2-1 in Set 2.. Williams has dominated Strycova’s second serve, but nonetheless Strycova wins the game and shouts, “Come on!” 10:38 a.m.: Williams jumped out to an early 40-0 lead before Strycova earned a point down the line. Williams blasted her fourth ace by Strycova to win the game.10:33 a.m.: After losing five consecutive games, Strycova bounces back to take an early 1-0 lead in Set 2.Set 1: Williams 6, Strycova 110:28 a.m.: Wow. Williams was down 40 to love before rattling off five straight points to take the first set.An 11th #Wimbledon singles final is on the horizon…@serenawilliams wins the first set 6-1 vs Strycova pic.twitter.com/OR0S8E60H8— Wimbledon (@Wimbledon) July 11, 201910:22 a.m.: Williams starts the game with an ace and cruises to an easy point. 4-1 Williams.10:18 a.m.: Williams breaks Strycova! The pair was level at 15-15 and then 30-30 before Williams put a final shot by Strycova.last_img read more