Flexsecurity, the €270m pension fund for so-called ‘flexworkers’ in the Netherlands, has shelved plans to convert itself into the new pensions vehicle PPI.The scheme, which manages pensions for 55,000 flexworkers and 350,000 former flexworkers at the Randstad agency, is currently assessing whether it can continue implementing its pension arrangements on its own under a new board model, according to Raimond Schikhof, its director.Schikhof said the main reason for the scheme’s change of tack on the PPI was the complicated process for obtaining the necessary licence.“We had hoped the supervisor DNB would treat us – as an existing pension fund – differently from any new commercial player,” he said. “Unfortunately, this appeared not to be the case. As the licensing process would have cost us at least half a million, our board has made a rational decision.”According to the director, Flexsecurity’s main reason for transforming itself into a PPI was its wish to bring its board structure of equal representation in line with modern governance requirements“Our board wanted to improve the expertise and availability of the board members,” Schikhof said.“That is why we are now headed for an independent board model, consisting of at least two independent professionals, which reports to a stakeholder body.”He said the new board option had been made possible by the governance legislation that will come into force on 1 July 2014.Flexsecurity’s PPI would have been the largest in the Netherlands, and was scheduled to start on 1 January 2014.At the end of last year, Flexsecurity concluded a new five-year contract for risk insurance with Nationale Nederlanden (NN), and contracted out its administration to NN subsidiary AZL for a similar period.The scheme placed its full asset management with Kempen Capital Management on 1 January.Flexsecurity manages an age-dependent, collective lifecycle scheme, with an age group-related investment mix.
New Delhi: IND Vs BAN Rajkot T20I Live Score: Bangladesh have started their tour to India on a bright note by winning the Delhi Twenty20 International by seven wickets. This was Bangladesh’s first win in Twenty20 Internationals against India and it came after eight attempts. The action now shifts to the second match at the Saurashtra Cricket Stadium in Rajkot with Bangladesh having a great chance to win the series. However, heading into the second Twenty20 International, there is a chance of weather playing spoilsport due to the presence of Cyclone Maha in the Arabian Sea. According to the latest meteorological report, Cyclone Maha is “very likely” to weaken into a depression by Thursday evening. 22:23 hrs IST: India have won by eight wickets and they level the series 1-1. Thorough performance from the Rohit Sharma led side.22:17 hrs IST: Iyer continues to find the boundaries as India are just three runs away from a win. India are 151/2 in 15 overs.22:11 hrs IST: Iyer upper-cuts Mustafizur to the third man fence and India near a win. After 14 overs, India are 139/2, needing a further 15 runs to win.22:06 hrs IST: Shreyas Iyer gets off the mark with a big six off Aminul Islam. India are 132/2 after 13 overs.22:04 hrs IST: WICKET! No century for Rohit. Short ball from Aminul Islam and Rohit miscues the pull shot to be caught at deep midwicket. India are 125/2 in the 13th over.22:01 hrs IST: Rohit Sharma is nearing his century as seven runs come in the over. India are 125/1 after 12 overs.21:54 hrs IST: WICKET! Some respite for Bangladesh. The tossed up legbreak and it spins back in, Dhawan looks to muscle the slog over deep midwicket but misses it and is bowled. India are 118/1 after 10.5 overs.21:50 hrs IST: Absolute carnage from Rohit Sharma. He blasts three consecutive sixes off Mosaddek Hossain and moves closer to his ton. India are 113/0 after 10 overs, needing 41 runs off 60 balls.21:45 hrs IST: Good over from Aminul Islam and only three runs come off it. India are 92/0 after nine overs, needing less than six runs an over.21:40 hrs IST: Gets to his 18th fifty with a six! What a champion Rohit Sharma is. He is really tearing the Bangladesh bowlers apart. India are 89/0 after eight overs.21:36 hrs IST: Dhawan gets into the act by smashing two fours off Aminul Islam Biplob and India are racing along. After seven overs, they are 76/021:31 hrs IST: Rohit thumps a six off Shafiul Islam and he them employs the sweep to hit it over deep midwicket. India are 63/0 after six overs. totally dominant in the powerplay.21:27 hrs IST: Rohit slams two boundaries off Al-Amin Hossain and India are 48/0 after five overs. They are ending the powerplay in style.21:22 hrs IST: Rohit blasts a six and two fours off Mustafizur Rahman as India race along to 37/0 after four overs.21:12 hrs IST: Rohit Sharma gets going by pulling Shafiul Islam to the long leg fence for a boundary. India are 19/0 after two overs.21:06 hrs IST: Shikhar Dhawan gets going with two boundaries off Mustafizur Rahman and India are 11/0 in the first over.20:51 hrs IST: Bangladesh have ended on 153/6 and this could be a decent score. However, with all the dew on the outfield, it could be tricky to defend this total against a power-packed India line-up.20:40 hrs IST: WICKET! Clever bowling from Chahar. Mahmudullah dances down the track and Chahar bowls the short delivery slowly outside off, it rises up and Mahmudullah ends up bunting it to short third man where Shivam Dube takes the catch. Bangladesh are 142/6 in the 19th over.20:37 hrs IST: Brilliant over from Chahal as he concedes just four runs. Bangladesh are 140/5 after 18 overs.20:33 hrs IST: Khaleel concedes two further boundaries as Mahmudullah boosts Bangladesh, who have reached 136/5 in 17 overs.20:29 hrs IST: WICKET! Some redemption for Khaleel. Full and slow off-cutter outside off, Afif Hossain makes room and slices the lofted drive to deep extra cover, Rohit runs back and takes a good catch. Bangladesh are 128/5 in the 17th over.20:26 hrs IST: Mahmudullah creams a boundary off Deepak Chahar to the deep extra cover fence and Bangladesh are 123/4 after 16 overs.20:20 hrs IST: Krunal Pandya does not concede a boundary and Bangladesh are throwing away the good start. Bangladesh are 112/4 after 15 overs.20:16 hrs IST: Superb over from Shivam Dube and only three runs come off it. Bangladesh are 106/4 in 14 overs.20:10 hrs IST: WICKET! Chahal on song here. The googly from the legspinner and it spins away, Soumya Sarkar is beaten down the track and Pant effects an easy stumping this time and there is no mistake. However, there is a heart in the mouth moment as the third umpire presses the wrong button. He is given not out but it is changed to OUT! Bangladesh are 103/4 in 13 overs.20:04 hrs IST: WICKET! That is a massive wicket and Bangladesh’s match-winner is gone. Chahal tosses this delivery up and it spins away outside off, Rahim drags the slog sweep but holes out to deep backward square leg. Bangladesh are 97/2 in the 13th over.20:02 hrs IST: Soumya Sarkar greets Krunal Pandya with a six over long off as Bangladesh maintain the momentum. They are 97/2 after 12 overs.19:55 hrs IST: WICKET! Finally, a legitimate wicket. Tossed up delivery on middle and leg stump, Naim muscles the slog sweep but holes out to Shreyas Iyer at deep midwicket to fall for 36. Bangladesh are 83/2 in the 11th over.19:53 hrs IST: Shivam Dube is also greeted with a boundary as Mohammad Naim nears his fifty. Bangladesh are 78/1 after 10 overs.19:47 hrs IST: Soumya and Mohammad Naim continue to make good progress as Bangladesh reach 70/1 after nine overs.19:40 hrs IST: WICKET! Pant redeems himself in grand style. Chahal floats the wrong-un and Liton plays down the wrong line to get hit on the back pad, the batsman is unaware of where the ball is and he is thinking about a run, Naim sends him back and Pant runs forward and turns to score a direct hit. Bangladesh are 60/1 in the eighth over.19:36 hrs IST: DROPPED! Oh dear, nothing going India’s way. Flighted delivery on leg stump, Liton top-edges the sweep to backward square leg but Rohit Sharma drops the catch. Bangladesh need to capitalise on this mistake and they are 59/0 after seven overs.19:30 hrs IST: Oh dear! Controversy here. Chahal gets Liton Das with a brilliant legbreak and Pant gets him stumped. However, Pant’s gloves are ahead of the stumps when he collects it and it is signalled a no-ball. The decision is not out and Liton then makes India pay with two boundaries. After six overs, Bangladesh are 54/0.19:23 hrs IST: Khaleel Ahmed concedes two further boundaries as Mohammad Naim and Liton Das make good progress. Bangladesh are 41/0 after five overs.19:19 hrs IST: Washington Sundar is greeted with a boundary to fine leg and Bangladesh are 31/0 after four overs.19:14 hrs IST: Decent over from Chahar but Bangladesh’s openers are striking the ball well. After three overs, Bangladesh are 24/0.19:10 hrs IST: Khaleel Ahmed’s nightmare continues as he is smashed for three consecutive boundaries by Mohammad Naim. Bangladesh are 20/0 after two overs. This is a good start by Bangladesh.19:04 hrs IST: After a good five balls from Deepak Chahar, Liton Das gets going with a tucked boundary to deep square leg and India are 6/0 after the first over.18:32 hrs IST: India have won the toss and they will bowl against Bangladesh. No changes in the Indian team. Bangladesh are also unchanged.18:22 hrs IST: The latest buzz from Rajkot is that Sanju Samson might be the wicketkeeper for this game and Shardul Thakur might come into the side.17:56 hrs IST: A warm welcome to the game between India and Bangladesh from the Saurashtra Cricket Association ground in Rajkot. First things first, the weather is fine for the moment. One hopes that the rain stays away. For all the Latest Sports News News, Cricket News News, Download News Nation Android and iOS Mobile Apps.