TTYPE wins partial EC funding for European pension-tracking service

first_imgThe business plan also proposed including Lithuania, which does not currently have an NTS but would be included at this stage due to the small number of local pension providers in need of connection.“Connecting Austria (which has an NTS) and its direct neighbours (which do not have an NTS but have a small number of data providers) will expand the nucleus that started by connecting Poland in Step A,” the business plan adds.“Similarly, connecting the NTS of France will increase the area that started with the [national tracking services] of Belgium and the Netherlands.”Eventually, the remaining European Economic Area countries would also be connected to the ETS.ETS costIn line with the draft business plan published earlier this year, the per-member cost of the ETS was estimated at €0.03, which the consortium estimated would produce revenue to finance the not-for-profit managing entity, STEP, of no more than 10% of that produced by existing NTS.“If all estimated 280m Europeans (within the age range of 25-65) are connected, this should generate enough revenue (and, in time, a lower fee),” the business plan adds, without estimating the likelihood of such a high uptake.It also called on the European Commission to support the project financially.In a letter sent to Marianne Thyssen, commissioner for social affairs, to coincide with the report’s publication, Peter Melchior, chairman of the TTYPE steering committee of Denmark’s PKA, calls for Commission funding.“We calculated that, after the deduction of membership fees [of €3m], approximately €17m is needed in the first five years to cover the costs of developing, connecting and running the ETS,” Melchior writes.“We therefore strongly recommend the European Commission grant substantial financial support.”Melchoir also urges various stakeholders to build on the goodwill built up since the TTYPE Consortium first gathered and push ahead with the launch of the ETS.“Among parties in Europe, there needs to be enough willingness and executing power to step in and do this,” he writes.“The risk here is losing time and momentum. Political and financial support from the EC for future years is a prerequisite. Without sufficient EC support, STEP will not be able to realise its goals.”Speaking at the TTYPE launch event, Thyssen said the Commission was politically committed to the project and would aim to supply funding for the first step of the ETS connecting the Netherlands and Belgium – estimated in the business plan to cost €3.3m.She added that the Commission would later this year also tender for a provider to launch the ETS. The TTYPE consortium – comprising Danish pension provider PKA, Dutch providers PGGM, APG, MN and Syntrus Achmea and the UK and German construction-sector funds B&CE and SOKA-Bau – has been working on the plan since March 2015. A pan-European pension tracking service will take six years to break even and initially be reliant on grants from the European Commission, the venture’s final business plan shows.Unveiling its last business plan after more than a year of intensive work, the TTYPE Consortium – short for Track and Trace Your Pension in Europe – said it envisaged the staged rollout of a European tracking service (ETS), beginning in countries with existing national tracking services (NTS) and significant cross-border worker flow, with initial costs of €13.3m across the three-stage launch.The first step of the process would be for a proof-of-concept to be trialled in the Netherlands and Belgium, eventually being deployed across the Scandinavian countries and Poland.The second step would see the ETS rolled out across countries neighbouring the seven initial participating member states already in possession of an NTS, such as Latvia and Estonia.last_img read more

Bennett’s goal lifts Syracuse over Miami, 1-0, in defense heavy game

first_imgUPDATED: Oct. 12, 2017 at 2:47 p.m.Taylor Bennett stood on the outskirts of Miami’s third, eyeing her target before winding up and firing a strike from the right side of the field by the midline. From roughly 40 yards, the ball soared toward its intended target, then flew straight into the back of the net.“Taylor can strike a ball from a long way out,” SU head coach Phil Wheddon said. “She was 40 yards or so from goal. No pressure.”Syracuse (7-5-2, 2-3-1 Atlantic Coast) got a boost from a defender in a game that featured little offense. The goal was just Bennett’s second of the season, but it was enough to push the Orange past Miami (4-8-0, 0-6-0 Atlantic Coast), 1-0, in a game that was originally scheduled to be played almost a month ago.“I’m happy when the ball goes into the back of the net,” Syracuse head coach Phil Wheddon said. “It doesn’t matter (who) our goals come from.”AdvertisementThis is placeholder textBennett was not available for comment after the game due to class.In the early part of the game, neither team controlled the ball well in its attacking third, plagued by missed passes and stumbling footing when crossing midfield. On one play, Alex Lamontagne mishandled a ball at midfield, allowing a Miami player to tip-toe the sideline, sweeping the ball between Lamontagne’s legs and giving the Hurricanes possession near the Syracuse box. Less than ten seconds later, Syracuse stole the ball back.It seemed nothing was going SU’s way. One of the best chances Syracuse had, with Kate Hostage breaking free toward the Miami goal, was called offside. On a subsequent play, Syracuse had another chance when Lamontagne broke past the Miami defenders while handling the ball out in front of her. She gave a perfect cross to Sydney Brackett, who lifted her foot before hearing a loud whistle. Again, offside.Eventually, Lamontagne got in on a breakaway after a deflection left nothing but UM keeper Phallon Tullis-Joyce between Lamontage and the net. Lamontagne’s attempt was saved. The Orange would get no better opportunity than that. Bennett’s shot in the 22nd minute was the furthest and most difficult shot that SU took. But, it was the only one it could covert.“It’s good (we) got a goal in early,” Lamontagne said.At the time the Sept. 15 game was rescheduled, Miami was 4-2 and coming off a dominant win against Quinnipiac where the Hurricanes outshot the Bobcats, 32-3. At the time, UM looked like a threatening opponent. On Wednesday, the Orange handed the Hurricanes its sixth-straight loss.SU goalie Courtney Brosnan only had to make two saves in the game. Syracuse didn’t make her do much. As limited as Syracuse’s offense was, Miami did less.Bennett, who spends a large part of her game circling in the area between Brosnan and the sideline by midfield, got a bit of advice from her goalkeeper following her goal.“Shoot more like that,” she joked.After Bennett lifted the Orange over the Hurricanes, perhaps she’ll heed Brosnan’s advice.This story has been updated with additional information. Comments Published on October 11, 2017 at 5:30 pm Contact Michael: | @MikeJMcCleary Facebook Twitter Google+last_img read more