“It is also clear there are a number of quite entrenched positions in this debate informed more by personal experience than by data or research.”Outlining how stakeholders had responded on the contentious issue of scheme mergers compared with greater collaboration across authorities, the SSAB’s report noted that the majority spoke out in favour of framework agreements, whereby one authority tenders for services in such a way that allows other funds to benefit from the selected managers.“The scale and extent of existing collaborative work is encouraging,” the summary said. “However, the savings identified above are relatively minor when compared with total investment costs.”It continued that collective investment vehicles, allowing the funds to achieve the benefits of scale without a full merger, was the second most cited reform proposal, with some recommending the UK’s recently launched Authorised Contractual Scheme as a means of tax-efficient pooling.The report also remarked that many had proposed a switch to passive investment, one that nonetheless raised concerns that it would concentrate mandates among a smaller number of asset managers.The Board added: ”One key issue to consider is the potential impact on financial markets should all LGPS funds move to passive management where they are able to do so.” The majority of respondents also raised concerns about the lack of data to reach informed decisions on reform, urging the creation of a set of data that puts all 89 funds in England and Wales on even footing.While the absence of research was also an issue of concern, the Board highlighted work undertaken by Dutch pensions manager APG showing that, in the eight years to 2009, the LGPS outperformed its benchmark by 1 percentage point, returning 1.7% over the period.“This research also showed large differences in investment performance between funds and revealed that larger funds consistently achieved higher investment returns over this period,” the Board’s response said.,WebsitesWe are not responsible for the content of external siteshttp://www.lgpsboard.org/index.php/structure-reform/board-analysis-menu Local authority pension funds in the UK remain split over government proposals to reform the sector, as some advocate collective investment vehicles and others argue in favour of switching all investment mandates to a passive approach in an effort to reduce costs across the sector.The Shadow Scheme Advisory Board (SSAB), set up to advise on the reform of the UK Local Government Pension Scheme (LGPS), said there was “universal agreement” on the need for more transparent and consistent report data across the sector that could inform potential reforms.However, the Board’s chair Joanne Segars noted that there was less agreement as to what shape the reforms should take.“There is a clear divide between those in favour of mergers and further consolidation and those who favour the status quo or a more modest move to scheme collaboration,” Segars, also the chief executive of the National Association of Pension Funds, said in her foreword.
Junior forward Jon Leuer returned to practice Monday for the first time since his Jan. 9 injury suffered at the Kohl Center against the Purdue Boilermakers.[/media-credit]He’s back.Just 37 days after suffering an injury to his left wrist in Wisconsin’s victory Jan. 9 over then-No. 4 Purdue, junior forward Jon Leuer returned to practice Monday sporting a soft cast on his left wrist and looking like he hasn’t missed a beat.ESPN.com’s Andy Katz reported earlier in the day that Leuer would return to practice today and could play Thursday at Minnesota.Upon arriving at practice just after 3 p.m. today, I can confirm the reports are true. In fact, the first play I witnessed Leuer take part in was an outlet pass from senior guard Jason Bohannon, which Leuer quickly converted into an impressive one-handed slam.Leuer’s return appears to have given his teammates an added bounce in their steps at today’s practice with the possibility of seeing the Long Lake, Minn., native back on the court as soon as this week.If Leuer returned Thursday, it would be 40 days to the date of Leuer’s injury against the Boilermakers. That would fall just short of six weeks, which was the high-end estimate of most news outlets following the January injury.Regardless of what happens today, tomorrow and later this week in Minnesota, Leuer’s return to practice today signifies that he will indeed be back for the Big Ten tournament and the NCAA Tournament, which gives UW’s tournament hopes a huge boost.Be sure to check back later for more information as the story develops.
If fans of the Dodgers have been a little nervous about their team trying to clinch the NL West title, imagine how those of the Houston Astros must have felt in 1980.The Astros had a three-game lead on the Dodgers in the West with three games to play — all against the Dodgers.The Dodgers swept the series and forced a one-game playoff, only to lose that game 7-1, sending the Astros to the playoffs.Dodgers first-base coach Davey Lopes was on that Dodgers team. He said the pressure in that final game was different than what’s going on now, what with the big lead the Dodgers have over the second-place Giants with just 10 games to play. “I didn’t check on him this morning, but nothing different than yesterday,” Mattingly said a couple of hours before his team defeated the Arizona Diamondbacks 6-3 in their series finale Thursday to reduce its magic number to clinch to at least four.“We still expect him to make his next start (Monday) in San Francisco.”Turner backThird baseman Justin Turner was back in the lineup Thursday after missing the previous four games with a sore left knee. Even so, Mattingly said he will be cautious with Turner moving forward.“We’re going to be careful with him,” Mattingly said. “He won’t be in there every day, it’s going to be a day here or a day there. We’ve got it calmed down and he feels better, but it doesn’t mean he’ll be out there every day.”Hamstring issuesKike Hernandez, Yasiel Puig and Jose Peraza are all nursing hamstring injuries. Mattingly sounded almost certain Hernandez will return, but he was not as optimistic about Puig and Peraza.“I feel that Kiké will be back this year, 100 percent, unless he has a setback,” he said. “The next few days are big for him with the increased workload. Yasiel is still having issues running. Last I saw, he was running at 70 percent. We’ll see how he progresses.“Peraza is at about the same stage as Puig. We just have to let it play out.”UpcomingThe Dodgers begin a seven-game road trip Friday in Colorado. They will then go to San Francisco for a four-game series before finishing the regular season with three at home against the San Diego Padres. “Because you’re going home, and you know one game and the winner of that game continues and the other one goes home and watches on television,” Lopes said.The Dodgers won all three games of that final series by one run, which added to the fever of the situation. But they ran out of gas in the playoff.“It’s tough to beat anybody four straight, especially a team that’s on its way to a playoff spot like Houston,” said Lopes, who had his 49th RBI of the season in the series finale won 4-3 by the Dodgers. He went 0 for 4 in the playoff game.Greinke updateDodgers manager Don Mattingly said there was little to report on right-hander Zack Greinke, who missed his scheduled start Wednesday with a sore calf. Newsroom GuidelinesNews TipsContact UsReport an Error