Watchdog savages Leeds tower

first_imgWould you like to read more?Register for free to finish this article.Sign up now for the following benefits:Four FREE articles of your choice per monthBreaking news, comment and analysis from industry experts as it happensChoose from our portfolio of email newsletters To access this article REGISTER NOWWould you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week.last_img

Read more on Watchdog savages Leeds tower

Dual living is made easy in this Kippa-Ring home

first_img15 Dalton St, Kippa-Ring.“We’re going to miss it, it’s sad to see it go,” Mrs Paul said.The house sits on a 602sq m corner block and has polished floorboards, ceiling fans and airconditioning.The in-ground pool is surrounded by tropical palm trees with a shade sail off to the side for extra cover. 15 Dalton St, Kippa-Ring.LIVING in a big family is made easier in this spacious home, which offers a granny flat, resort-style pool and outdoor entertaining area.Owners Trish and Byron Paul bought the house at 15 Dalton St, Kippa-Ring, more than 12 years ago.Mrs Paul said it was the ideal size for their three young boys when they moved in.“It was good when the kids were young … because they had the whole house to run around,” Mrs Paul said. 15 Dalton St, Kippa-Ring.But once they got older, the couple decided to convert the shed into a granny flat with an ensuite and walk-in wardrobe.Mrs Paul said they have used it as the main bedroom and left the three-bedroom house to their teenage children.“We have done a fair bit to it but it was move-in-ready at the time,” Mrs Paul said.More from newsLand grab sees 12 Sandstone Lakes homesites sell in a week21 Jun 2020Tropical haven walking distance from the surf9 Oct 2019They also built the entertainment deck, which has an insulated roof and ceiling fans.Mrs Paul said this was their favourite part of the house because they could eat meals outside all year round.center_img 15 Dalton St, Kippa-Ring.It also has a large double-bay garage.Mrs Paul said the neighbourhood was safe and quiet with public transport, Peninsula Fair Shopping Centre and the beach close by.“We actually don’t have to go in our car,” Mrs Paul said.“The kids would ride down to the jetty so it’s the perfect position really.”last_img read more

Read more on Dual living is made easy in this Kippa-Ring home

BpfBouw increases dollar hedge following currency loss

first_imgBpfBouw said it had stuck with its 45% interest rate hedge for its liabilities, which delivered a 1.1% gain last year as interest rates fell.The industry-wide scheme reported a net result of 0.3% for its overall investment portfolio, largely due to the performance of its 18% allocation to property, which returned 12.5%.BpfBouw’s real estate holdings are managed by Bouwinvest, its wholly owned property investor, while its remaining assets are managed by APG Asset Management.Returns breakdown BpfBouw’s property allocation gained 12.5% in 2018In contrast to the property gains, the scheme posted an overall loss of 5.6% on equity, with developed and emerging markets losing 3.5% and 12.5%, respectively.Developed market equity underperformance was chiefly driven by the pension fund’s quantitative investment strategy, BpfBouw said, following disappointing results from small and mid caps.BpfBouw’s fixed income portfolio gained 0.9%, with credit gaining 2%. However, its emerging market debt exposure lost 1.9%, while inflation-linked bonds declined by 2.3%.The pension fund said it had increased the number of green bonds in its portfolio by 39 to 141 – totalling €874m – last year.Its infrastructure holdings in non-listed projects was the best performing asset class, returning 17.3% – although this only made up 0.3% of the scheme’s overall portfolio.Private equity and hedge funds delivered 16.1% and 7.2%, respectively, while commodities lost 9.6% due to falling oil prices.The construction scheme said that it had slightly adjusted its strategic allocation following an asset-liability management study, increasing its index-linked bonds allocation by 1 percentage point to 4.5%, and reducing its credit holdings to 18.5%.Referring to ongoing discussions on Dutch pension reform, BpfBouw’s board said it still opposed the idea of individual pensions accrual as it preferred a pensions contract focusing on solidarity through a collective approach.The sector scheme reported an administration cost per member of €97 and said it had spent 57bps and 13bps on asset management and transactions, respectively.Based on a funding level of 118.3% at the end of the year, it granted members a 1% inflation uplift on 1 January 2019. However, indexation in arrears stood at 8.8% for active participants and more than 9% for deferred members and pensioners.BpfBouw covers 783,000 workers and pensioners affiliated with more than 12,800 employers. The Dutch pension fund for construction workers has raised its hedge of the US dollar following a 2.1% loss on its currency hedge in 2018.In its annual report for 2018, BpfBouw said it had increased the dollar cover from 61% to 72%, in the wake of the currency unexpectedly appreciating relative to the euro.The €61bn sector pension fund said it had kept an 80% hedged position on other strategic currencies, adding that it had fully hedged the currency risk on its hedge funds allocation but had not hedged its commodities exposure.Earlier this week, the €18.5bn Dutch pension fund of electronics giant Philips reported a 2.4% loss for 2018 due to its full hedge of the currency risk relating to the dollar and the yen.last_img read more

Read more on BpfBouw increases dollar hedge following currency loss

Crass talk

first_imgRe “Arnold plans no new taxes” (Jan. 11): I am appalled by the language used by Assembly Speaker Fabian Nuñez in stating, “This time around, (Democrats) are not going to stand idly by while the poor take it in the shorts.” Crass terms like these have become common in our youths’ vocabulary, and, unfortunately, society allows that to happen. Parents should teach their children respectful English, and the Assembly speaker should take Public Speaking 101. Max S. Duran Acton True lies Gov. Arnold Schwarzenegger’s State of the State speech demonstrates, once again, the stream of hypocrisy we see flowing from the Republican Party. The words do not equal the actions. Last year, Schwarzenegger ignored all common sense and plowed forward with the costly special election, spending $80 million while preaching fiscal responsibility. His first step as governor was to increase college tuition, and he reneged on his agreement with the education establishment. Now, he’s preaching the pro-education sermon and committing more money, but he still is not keeping his promise. He vetoed proposed increases in the minimum wage twice, and now suddenly he supports it. He vetoed two bills that would have given Californians access to lower-cost drugs from Canada and other countries. Now, suddenly, he seems to support this concept. It doesn’t take a Mensa mind to understand that the governor is now fighting for his political life, and he’ll say anything – anything at all – to restore his approval ratings. Michael Andraychak North Hollywood Calm down Re Your Opinions (Jan. 9): Reading these letters reminds us once again how easy it is to get the public worked up over things that haven’t happened. So far, Jack Abramoff has pleaded guilty of defrauding his clients – mostly Indian tribes – and attempting to bribe a congressman. To my knowledge, no congressman is under investigation for having been bribed. More likely, Abramoff probably got into trouble because one reported his attempt. And, so far, I haven’t heard of anybody’s rights actually being trampled by a provision of the Patriot Act. Has nobody noticed that Occupational Safety and Health Administration employees can enter a business and search for whatever OSHA wants without a warrant? The Los Angeles Health Department can do the same in any restaurant, delicatessen or supermarket. The FBI can search anywhere it wants without a warrant if it suspects gang activity. Van Snyder La Crescenta Alternate headline Re “Judge refuses to bend” (Jan. 12): How about, “Judge shows fitness for Supreme Court, displaying patient judicial temperament while swatting away inane questions from arrogant, bloviating, vastly intellectually inferior senatorial inquisitors?” Pauli Carnes Woodland Hills Lapses of memory Re “Judge refuses to bend” (Jan. 12): In his scathing attack on Supreme Court nominee Samuel Alito, Sen. Ted Kennedy stated that Judge Alito “can remember all 67 dissents … in detail, but can’t remember anything about the conservative Princeton organization.” This is ironic in light of that Kennedy’s lack of memory on July 18, 1969 – when he reported a drowning incident seven hours after the fact, telling authorities he remembered nothing. This was a classic act of convenient loss of memory. Shirley Rusheen Woodland Hills More than overwrought Re the letter from James F. Glass, “Wiretap hysteria” (Public Forum, Jan. 12): I currently have a wife and daughter who both live in Russia and with whom I converse daily. I am hardly “overwrought” in being alarmed about the monitoring of my conversations with my wife and family. In fact, I am infuriated, not overwrought. Until the National Safety Agency and President George W. Bush disclose the extent of wiretapping and a list of who exactly has been spied upon, I am going to continue to be completely upset about this. If it were acceptable for any president to spy without warrants, as Glass suggests, there never would have been a special FISA court set up by the Foreign Intelligence Surveillance Act to begin with! Dayvid B. Franke Chatsworth AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREGift Box shows no rust in San Antonio Stakes win at Santa Anita160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set!last_img read more

Read more on Crass talk