An Inside Look at the Governor’s Residence Holiday Decorations

first_imgAn Inside Look at the Governor’s Residence Holiday Decorations Like Governor Tom Wolf on Facebook: Facebook.com/GovernorWolf By: First Lady Frances Wolf SHARE Email Facebook Twitter December 16, 2016 Governor’s Residence,  Holidays,  The Blog,  Videos On Sunday, Tom and I had the pleasure of welcoming the public for a Holiday Open House at the Governor’s Residence. It has always been my goal to make the Governor’s Residence a place where everyone feels welcome and this was the perfect opportunity to share the joys of this holiday season with Pennsylvanians.During the Open House, visitors showed off their holiday spirit by dropping off gifts for the Toys for Tots program and wrote holiday cards for local veterans through the American Red Cross Holiday Mail for Heroes program. We also had the pleasure of enjoying festive music from local entertainers while visitors explored the beautiful decorations throughout the residence.Weren’t able to join us but interested in a peek at the holiday decorations at the residence? Watch this video for an inside look: HOLIDAYS SHARE TWEETlast_img read more

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Estonia relaxes investment laws for pension funds

first_imgEstonia’s Parliament (Riigikogu) has relaxed a number of pension fund investment rules in line with draft proposals brought forward last year that will apply to mandatory second-pillar pension funds.The Investment Funds Amendments Act, initiated by the government, raises the limit of pension fund investment in unquoted securities from 10% to 30% of portfolios, allowing them to invest more in Estonian companies.However, the overall 75% limit for investing in equity-based assets remains.This limit does not include real estate investments, a change to existing law that had already recently been made. The 10% limit on pension fund shareholdings in individual companies has also been abolished, so pension funds can now own up to 100% of any company. The ban on investing in precious metals and related securities has been lifted; pension funds can now invest up to 5% of their portfolios in the asset class.The rules on real estate investing largely remain the same – for instance, real estate is limited to 40% of the assets of a mandatory pension fund and 70% for a voluntary (third-pillar) fund.However, the limit for mandatory pension scheme investment in single properties has been increased from 2% to 5% of the portfolio.The above changes take effect from 17 July.A complete overhaul of pension fund law is also planned, to take effect in 2016, and will include changes to the rules on pension fund structure.Voluntary pension funds will be able to create multiple classes of units, for instance, with different fee structures.At present, all pension fund units can be redeemed at any time, although there is an income tax charge where the unit holder redeems units before reaching the age of 55.The new law will permit asset managers to issue a class of units that cannot be redeemed before a certain age, specified in the pension fund conditions.This change is intended to help incentivise employers to make contributions to their employees’ pension plans.The planned overhaul will also include measures encouraging Estonia’s development as a fund domicile.It will enable different fund frameworks to be established, such as a common fund, a fund founded as a public limited company and a fund founded as a limited partnership.The last of these is designed mainly for private equity and venture capital investments.The new legislation will also protect the rights of retail investors, with compliance monitored by the Financial Supervision Authority.However, the supervision of funds aimed at professional investors will be waived to reduce the administrative burden, placing more of an obligation on investors themselves to monitor the activities of management companies.Silja Saar, executive director at Danske Capital AS and head of the Estonian Fund Managers’ Association, said: “The amendments aim to broaden local pension funds’ opportunities in investing in less liquid and non-listed instruments.  “Fund managers have welcomed this initiative, as it takes into consideration the local market’s specifics and therefore potentially enlarges the list of local investments available for pension funds.“However, rapid and drastic changes in pension fund strategies or daily management shouldn’t be anticipated, as this is also a matter of realistically available instruments that would match with pension fund risk profiles and higher governance expectations.”last_img read more

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Eagles Honour Keshi at Training, Vow to Defeat Bafana Bafana

first_imgKeshi led Eagles to win the 1994 Africa Cup of Nations as captain and returned 19 years later to win the AFCON 2013 as head coach. He died of cardiac arrest in Benin City on June 7, 2016.But before Eagles began their last open training session at the Godswill Akpabio Stadium in Uyo yesterday, interim Captain of the team, Ogenyi Onazi led the glory seeking new generation Eagles in honouring Keshi who is unarguably the most successful indigenous handler of the three-time African champions.The Trabzonspor of Turkey midfielder later posted his appreciation for Keshi on his twitter handle.“It’s one year now, I will never forget you sir you gave me the opportunity that made me what I am today. Rest In Peace. BIG BOSS,” said Onazi in remembrance of Keshi.Even NFF President, Amaju Pinnick who was not at the training session in Uyo, led football enthusiasts and administrators who were present at Lagos State Football Association EkoFootball public presentation ceremony at the MUSON Centre at Onikan, observe a minute silence for Keshi.Most Super Eagles who spoke with THISDAY correspondent in Uyo expressed their zeal to win the match for Keshi and Nigerians.“ This match is for you Big Boss. We are determined to make you proud,” observed Onazi in memory of the coach who made him a household name in Nigerian football today.Eagles defender, Williams Troost Ekong, declared: “It is going to be a good game. Everyone is fit and ready. It will be a healthy competition, everybody is working hard to justify his slot. We are going to win this match for our fans to be happy,” stressed Ekong.Also reacting, Eagles attacking midfielder, Oghenekaro Etebo, said that the team was ready to take on Bafana Bafana and win squarely. “We need to win. Coach Gernot Rohr has a good record. All we believe is that we are going to win”.Noting that the South Africans had won all their nine games they last played, Etebo admitted that the game would not be an easy one.On his part, Goalkeeper Ikechukwu Ezenwa, said they were ready for the game adding that the other two goalkeepers, Daniel Akpeyi and Dele Alampasu, were in top form, “we are happy with one another.”The trio of Ahmed Musa, Elderson Echiejile and Kenneth Omeruo took part in yesterday’s training session for Rohr to have a full complement of invited players for the game.Yesterday’s training was Eagles last open session. Reporters are barred from the team’s closed training today ahead of Saturday’s must-win AFCON 2019 qualifying clash with South Africa.Meanwhile, Akwa Ibom state Commissioner of Police, Don Awunah, has expressed the readiness of the state’s Police Command to guarantee soccer loving Nigerians a peaceful atmosphere devoid of any infractions on Saturday.The State Police boss in a statement signed by the Command’s Public Relations Officers (PPRO), DSP Chukwu Ikechukwu, directed the deployment of over 500 specially selected officers knowledgeable in crowd control and policing events of such magnitude to provide top notch security before, during and after the football match.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram AFCON 2019 Police to deploy 500 senior officers for matchDuro Ikhazuagbe and Okon Bassey in UyoSuper Eagles players and officials wednesday observed a one minute silence for a former captain and coach of the senior national team, Stephen Okechukwu Keshi, who died exactly one year ago.last_img read more

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