October was positive for FTSE 100 UK pension schemes, with the overall
deficit reducing by £11.0bn to £43.5bn, it did little to improve the
risk picture, according to the first issue of PF Risk Report.
The
new publication from PensionsFirst, which provides advanced risk
management and advisory services to the defined-benefit pensions
industry, said that at the end of October, the one-month 95%
value-at-risk figure on an IAS19 basis was £25.4bn.
This
means that in November there was a 1-in-20 chance that the IAS19
deficit could increase by £25.4bn or more - and the expectation that in
one of the next twenty months it will. "The corresponding VAR figure at
September month-end was £26.6bn, so the improved deficit position
changed little from a risk perspective," commented the report.
The
PF Risk Report breaks down pension risk into its key components. On an
uncorrelated basis, interest-rate risk is the largest risk factor,
contributing £17.8bn to the VAR, closely followed by equity risk, which
contributes £15.7bn. The report also focuses on inflation, FX, credit
and property risk exposures, while ignoring longevity, which is a
genuine long-term risk exposure but has negligible volatility in the
short term.
The report illustrates the impact of the key
factors that could cause variation in deficits. For example, a 20%
decrease in equities would increase the aggregate deficit by £34.2bn
and a 1% increase in long-term inflation would increase the deficit by
£60.8bn. The two events combined would increase the deficit by almost
£100bn.
"The simple fact is
that many UK companies (not just those in the FTSE 100) have
significant unhedged exposure to financial market volatility through
their pensions schemes", the report stated.
The report
puts into context the expectation that the monthly accounting deficits
of the FTSE 100's UK pension schemes will move by £25.4bn at least once
in a two-year period by underlining the fact that in August 2010 the
accounting deficits increased by £20.8bn, driven primarily by a 60bp
fall in interest rates. "And it is important to note that while...such
large monthly movements can be reasonably anticipated, there is also
the potential for much more extreme outcomes," the PF Risk Report concluded.
It's
not just UK companies that have significant unhedged exposure to
financial market volatility through their pensions schemes. The problem
is widespread and as the report concludes, there is also potential for
much more extreme outcomes.
7. We thought that Hulk Hogan would be the real caretaker of wrestling long before he decided to prosper a lifestyle that embarrasses us all, and foster money making schemes at the forefront of every talent past Andre The Giant. Shame on you Hollywood Hulk...shame.
8. We also thought that pay-per-views would deliver fantastic entertainment beyond belief. In all reality we settled for less when Iron Mike Tyson delivered knockouts in the first and second rounds after we sat through scores of under-cards. We continue to settle for much less.
9. All the old-school talent has just been shipped off or ignored for their loyalties to the old ways. By the way it makes me want to throw-up to see Husky Harris (Black Jack Mulligan's grandson & Mike Rotunda's son, Barry Windham's nephew) working in The Nexus, it's just sad. And Dusty Rhodes' boys looking like overpaid fashionistas.
10. How in all that is good in the world does John Cena have the strength to look in the mirror every day when he follows all of the great entertainment that legends like Bret Hart, Shawn Michaels, Dusty Rhodes, Ric Flair, The Andersons, Bruno Sammartino etc.
11. Okay how much of my money do you get? Let's say I take my son to the show, we sit in the nosebleed section, but I still have to pay: $50 bucks for tickets, $20 to park where my car won't be robbed, $30 bucks for a t-shirt, $50 for a toy belt, and another $30 for hotdogs, popcorn, and drinks. That's $180...for that much money I want to be entertained and not just preached to for an hour and a half by some media-starved wannabe talent, nor do I want to hear some idiot talk for thirty minutes about what he's gonna do to Rey Mysterio at Survivor Series. To add to that let me present my next complaint.
bench craft company rip off
Exclusive: Gen. Petraeus Not 'Sure' Victory in Afghanistan by 2014 <b>...</b>
In my exclusive interview with General David Petraeus he was encouraged by the progress made since President Obama's surge of forces into Afghanistan, but is he confident that the Afghan army can take the lead from US forces by NATO's.
Carnahan Camp To Fox <b>News</b>: Why Single Us Out? | TPMMuckraker
Lawyers for former Senate Candidate Robin Carnahan are arguing that the Fox News network is singling the Missouri Democrat out in its lawsuit alleging her campaign violated the network's copyrights.
<b>News</b> Alert: Big Growth for Internet Ads Through 2014: Tech <b>News</b> «
eMarketer, a New York-based research firm estimates spending on US internet advertisements, will grow 13.9 percent to $25.8 billion for the full year. It expects a 10.5 percent increase in US online ad spending in 2011, ...
bench craft company rip off
Exclusive: Gen. Petraeus Not 'Sure' Victory in Afghanistan by 2014 <b>...</b>
In my exclusive interview with General David Petraeus he was encouraged by the progress made since President Obama's surge of forces into Afghanistan, but is he confident that the Afghan army can take the lead from US forces by NATO's.
Carnahan Camp To Fox <b>News</b>: Why Single Us Out? | TPMMuckraker
Lawyers for former Senate Candidate Robin Carnahan are arguing that the Fox News network is singling the Missouri Democrat out in its lawsuit alleging her campaign violated the network's copyrights.
<b>News</b> Alert: Big Growth for Internet Ads Through 2014: Tech <b>News</b> «
eMarketer, a New York-based research firm estimates spending on US internet advertisements, will grow 13.9 percent to $25.8 billion for the full year. It expects a 10.5 percent increase in US online ad spending in 2011, ...
bench craft company rip off
Exclusive: Gen. Petraeus Not 'Sure' Victory in Afghanistan by 2014 <b>...</b>
In my exclusive interview with General David Petraeus he was encouraged by the progress made since President Obama's surge of forces into Afghanistan, but is he confident that the Afghan army can take the lead from US forces by NATO's.
Carnahan Camp To Fox <b>News</b>: Why Single Us Out? | TPMMuckraker
Lawyers for former Senate Candidate Robin Carnahan are arguing that the Fox News network is singling the Missouri Democrat out in its lawsuit alleging her campaign violated the network's copyrights.
<b>News</b> Alert: Big Growth for Internet Ads Through 2014: Tech <b>News</b> «
eMarketer, a New York-based research firm estimates spending on US internet advertisements, will grow 13.9 percent to $25.8 billion for the full year. It expects a 10.5 percent increase in US online ad spending in 2011, ...
bench craft company rip off
Exclusivo: el general Petraeus no ' ' Claro victoria en Afganistán en 2014 <b> ...</ b> En mi entrevista exclusiva con el general David Petraeus se sentía alentado por los progresos realizados desde que el presidente incremento de Obama de las fuerzas en Afganistán, pero que confía en que el ejército afgano puede asumir el liderazgo de las fuerzas de EE.UU. en la OTAN.
Campamento Carnahan Para Fox News <b> </ b>: ¿Por qué solo nosotros fuera? | TPMMuckrakerLawyers para el ex candidato al Senado Robin Carnahan argumentan que la cadena Fox News es singularizar el demócrata de Missouri en su demanda alegando su campaña violado los derechos de autor de la red.
<b> Noticias </ b> Alerta: gran crecimiento para los anuncios de Internet a través de 2014: Tecnología <b> Noticias </ b> «eMarketer, una firma de investigación de Nueva York, estima el gasto en anuncios de Internet en EE.UU., crecerá 13,9 por ciento a 25,8 mil millones dólares para todo el año. Se espera un aumento del 10,5 por ciento en el gasto de EE.UU. de publicidad en línea en 2011, ...
bench craft company rip off
Exclusive: Gen. Petraeus Not 'Sure' Victory in Afghanistan by 2014 <b>...</b>
In my exclusive interview with General David Petraeus he was encouraged by the progress made since President Obama's surge of forces into Afghanistan, but is he confident that the Afghan army can take the lead from US forces by NATO's.
Carnahan Camp To Fox <b>News</b>: Why Single Us Out? | TPMMuckraker
Lawyers for former Senate Candidate Robin Carnahan are arguing that the Fox News network is singling the Missouri Democrat out in its lawsuit alleging her campaign violated the network's copyrights.
<b>News</b> Alert: Big Growth for Internet Ads Through 2014: Tech <b>News</b> «
eMarketer, a New York-based research firm estimates spending on US internet advertisements, will grow 13.9 percent to $25.8 billion for the full year. It expects a 10.5 percent increase in US online ad spending in 2011, ...
bench craft company rip off
While
October was positive for FTSE 100 UK pension schemes, with the overall
deficit reducing by £11.0bn to £43.5bn, it did little to improve the
risk picture, according to the first issue of PF Risk Report.
The
new publication from PensionsFirst, which provides advanced risk
management and advisory services to the defined-benefit pensions
industry, said that at the end of October, the one-month 95%
value-at-risk figure on an IAS19 basis was £25.4bn.
This
means that in November there was a 1-in-20 chance that the IAS19
deficit could increase by £25.4bn or more - and the expectation that in
one of the next twenty months it will. "The corresponding VAR figure at
September month-end was £26.6bn, so the improved deficit position
changed little from a risk perspective," commented the report.
The
PF Risk Report breaks down pension risk into its key components. On an
uncorrelated basis, interest-rate risk is the largest risk factor,
contributing £17.8bn to the VAR, closely followed by equity risk, which
contributes £15.7bn. The report also focuses on inflation, FX, credit
and property risk exposures, while ignoring longevity, which is a
genuine long-term risk exposure but has negligible volatility in the
short term.
The report illustrates the impact of the key
factors that could cause variation in deficits. For example, a 20%
decrease in equities would increase the aggregate deficit by £34.2bn
and a 1% increase in long-term inflation would increase the deficit by
£60.8bn. The two events combined would increase the deficit by almost
£100bn.
"The simple fact is
that many UK companies (not just those in the FTSE 100) have
significant unhedged exposure to financial market volatility through
their pensions schemes", the report stated.
The report
puts into context the expectation that the monthly accounting deficits
of the FTSE 100's UK pension schemes will move by £25.4bn at least once
in a two-year period by underlining the fact that in August 2010 the
accounting deficits increased by £20.8bn, driven primarily by a 60bp
fall in interest rates. "And it is important to note that while...such
large monthly movements can be reasonably anticipated, there is also
the potential for much more extreme outcomes," the PF Risk Report concluded.
It's
not just UK companies that have significant unhedged exposure to
financial market volatility through their pensions schemes. The problem
is widespread and as the report concludes, there is also potential for
much more extreme outcomes.
7. We thought that Hulk Hogan would be the real caretaker of wrestling long before he decided to prosper a lifestyle that embarrasses us all, and foster money making schemes at the forefront of every talent past Andre The Giant. Shame on you Hollywood Hulk...shame.
8. We also thought that pay-per-views would deliver fantastic entertainment beyond belief. In all reality we settled for less when Iron Mike Tyson delivered knockouts in the first and second rounds after we sat through scores of under-cards. We continue to settle for much less.
9. All the old-school talent has just been shipped off or ignored for their loyalties to the old ways. By the way it makes me want to throw-up to see Husky Harris (Black Jack Mulligan's grandson & Mike Rotunda's son, Barry Windham's nephew) working in The Nexus, it's just sad. And Dusty Rhodes' boys looking like overpaid fashionistas.
10. How in all that is good in the world does John Cena have the strength to look in the mirror every day when he follows all of the great entertainment that legends like Bret Hart, Shawn Michaels, Dusty Rhodes, Ric Flair, The Andersons, Bruno Sammartino etc.
11. Okay how much of my money do you get? Let's say I take my son to the show, we sit in the nosebleed section, but I still have to pay: $50 bucks for tickets, $20 to park where my car won't be robbed, $30 bucks for a t-shirt, $50 for a toy belt, and another $30 for hotdogs, popcorn, and drinks. That's $180...for that much money I want to be entertained and not just preached to for an hour and a half by some media-starved wannabe talent, nor do I want to hear some idiot talk for thirty minutes about what he's gonna do to Rey Mysterio at Survivor Series. To add to that let me present my next complaint.
bench craft company rip off
Exclusive: Gen. Petraeus Not 'Sure' Victory in Afghanistan by 2014 <b>...</b>
In my exclusive interview with General David Petraeus he was encouraged by the progress made since President Obama's surge of forces into Afghanistan, but is he confident that the Afghan army can take the lead from US forces by NATO's.
Carnahan Camp To Fox <b>News</b>: Why Single Us Out? | TPMMuckraker
Lawyers for former Senate Candidate Robin Carnahan are arguing that the Fox News network is singling the Missouri Democrat out in its lawsuit alleging her campaign violated the network's copyrights.
<b>News</b> Alert: Big Growth for Internet Ads Through 2014: Tech <b>News</b> «
eMarketer, a New York-based research firm estimates spending on US internet advertisements, will grow 13.9 percent to $25.8 billion for the full year. It expects a 10.5 percent increase in US online ad spending in 2011, ...
bench craft company rip off
Exclusive: Gen. Petraeus Not 'Sure' Victory in Afghanistan by 2014 <b>...</b>
In my exclusive interview with General David Petraeus he was encouraged by the progress made since President Obama's surge of forces into Afghanistan, but is he confident that the Afghan army can take the lead from US forces by NATO's.
Carnahan Camp To Fox <b>News</b>: Why Single Us Out? | TPMMuckraker
Lawyers for former Senate Candidate Robin Carnahan are arguing that the Fox News network is singling the Missouri Democrat out in its lawsuit alleging her campaign violated the network's copyrights.
<b>News</b> Alert: Big Growth for Internet Ads Through 2014: Tech <b>News</b> «
eMarketer, a New York-based research firm estimates spending on US internet advertisements, will grow 13.9 percent to $25.8 billion for the full year. It expects a 10.5 percent increase in US online ad spending in 2011, ...
bench craft company rip off
Exclusive: Gen. Petraeus Not 'Sure' Victory in Afghanistan by 2014 <b>...</b>
In my exclusive interview with General David Petraeus he was encouraged by the progress made since President Obama's surge of forces into Afghanistan, but is he confident that the Afghan army can take the lead from US forces by NATO's.
Carnahan Camp To Fox <b>News</b>: Why Single Us Out? | TPMMuckraker
Lawyers for former Senate Candidate Robin Carnahan are arguing that the Fox News network is singling the Missouri Democrat out in its lawsuit alleging her campaign violated the network's copyrights.
<b>News</b> Alert: Big Growth for Internet Ads Through 2014: Tech <b>News</b> «
eMarketer, a New York-based research firm estimates spending on US internet advertisements, will grow 13.9 percent to $25.8 billion for the full year. It expects a 10.5 percent increase in US online ad spending in 2011, ...
bench craft company rip off
Exclusive: Gen. Petraeus Not 'Sure' Victory in Afghanistan by 2014 <b>...</b>
In my exclusive interview with General David Petraeus he was encouraged by the progress made since President Obama's surge of forces into Afghanistan, but is he confident that the Afghan army can take the lead from US forces by NATO's.
Carnahan Camp To Fox <b>News</b>: Why Single Us Out? | TPMMuckraker
Lawyers for former Senate Candidate Robin Carnahan are arguing that the Fox News network is singling the Missouri Democrat out in its lawsuit alleging her campaign violated the network's copyrights.
<b>News</b> Alert: Big Growth for Internet Ads Through 2014: Tech <b>News</b> «
eMarketer, a New York-based research firm estimates spending on US internet advertisements, will grow 13.9 percent to $25.8 billion for the full year. It expects a 10.5 percent increase in US online ad spending in 2011, ...
bench craft company rip off
Exclusive: Gen. Petraeus Not 'Sure' Victory in Afghanistan by 2014 <b>...</b>
In my exclusive interview with General David Petraeus he was encouraged by the progress made since President Obama's surge of forces into Afghanistan, but is he confident that the Afghan army can take the lead from US forces by NATO's.
Carnahan Camp To Fox <b>News</b>: Why Single Us Out? | TPMMuckraker
Lawyers for former Senate Candidate Robin Carnahan are arguing that the Fox News network is singling the Missouri Democrat out in its lawsuit alleging her campaign violated the network's copyrights.
<b>News</b> Alert: Big Growth for Internet Ads Through 2014: Tech <b>News</b> «
eMarketer, a New York-based research firm estimates spending on US internet advertisements, will grow 13.9 percent to $25.8 billion for the full year. It expects a 10.5 percent increase in US online ad spending in 2011, ...
bench craft company rip off
Exclusive: Gen. Petraeus Not 'Sure' Victory in Afghanistan by 2014 <b>...</b>
In my exclusive interview with General David Petraeus he was encouraged by the progress made since President Obama's surge of forces into Afghanistan, but is he confident that the Afghan army can take the lead from US forces by NATO's.
Carnahan Camp To Fox <b>News</b>: Why Single Us Out? | TPMMuckraker
Lawyers for former Senate Candidate Robin Carnahan are arguing that the Fox News network is singling the Missouri Democrat out in its lawsuit alleging her campaign violated the network's copyrights.
<b>News</b> Alert: Big Growth for Internet Ads Through 2014: Tech <b>News</b> «
eMarketer, a New York-based research firm estimates spending on US internet advertisements, will grow 13.9 percent to $25.8 billion for the full year. It expects a 10.5 percent increase in US online ad spending in 2011, ...
bench craft company rip off
While
October was positive for FTSE 100 UK pension schemes, with the overall
deficit reducing by £11.0bn to £43.5bn, it did little to improve the
risk picture, according to the first issue of PF Risk Report.
The
new publication from PensionsFirst, which provides advanced risk
management and advisory services to the defined-benefit pensions
industry, said that at the end of October, the one-month 95%
value-at-risk figure on an IAS19 basis was £25.4bn.
This
means that in November there was a 1-in-20 chance that the IAS19
deficit could increase by £25.4bn or more - and the expectation that in
one of the next twenty months it will. "The corresponding VAR figure at
September month-end was £26.6bn, so the improved deficit position
changed little from a risk perspective," commented the report.
The
PF Risk Report breaks down pension risk into its key components. On an
uncorrelated basis, interest-rate risk is the largest risk factor,
contributing £17.8bn to the VAR, closely followed by equity risk, which
contributes £15.7bn. The report also focuses on inflation, FX, credit
and property risk exposures, while ignoring longevity, which is a
genuine long-term risk exposure but has negligible volatility in the
short term.
The report illustrates the impact of the key
factors that could cause variation in deficits. For example, a 20%
decrease in equities would increase the aggregate deficit by £34.2bn
and a 1% increase in long-term inflation would increase the deficit by
£60.8bn. The two events combined would increase the deficit by almost
£100bn.
"The simple fact is
that many UK companies (not just those in the FTSE 100) have
significant unhedged exposure to financial market volatility through
their pensions schemes", the report stated.
The report
puts into context the expectation that the monthly accounting deficits
of the FTSE 100's UK pension schemes will move by £25.4bn at least once
in a two-year period by underlining the fact that in August 2010 the
accounting deficits increased by £20.8bn, driven primarily by a 60bp
fall in interest rates. "And it is important to note that while...such
large monthly movements can be reasonably anticipated, there is also
the potential for much more extreme outcomes," the PF Risk Report concluded.
It's
not just UK companies that have significant unhedged exposure to
financial market volatility through their pensions schemes. The problem
is widespread and as the report concludes, there is also potential for
much more extreme outcomes.
7. We thought that Hulk Hogan would be the real caretaker of wrestling long before he decided to prosper a lifestyle that embarrasses us all, and foster money making schemes at the forefront of every talent past Andre The Giant. Shame on you Hollywood Hulk...shame.
8. We also thought that pay-per-views would deliver fantastic entertainment beyond belief. In all reality we settled for less when Iron Mike Tyson delivered knockouts in the first and second rounds after we sat through scores of under-cards. We continue to settle for much less.
9. All the old-school talent has just been shipped off or ignored for their loyalties to the old ways. By the way it makes me want to throw-up to see Husky Harris (Black Jack Mulligan's grandson & Mike Rotunda's son, Barry Windham's nephew) working in The Nexus, it's just sad. And Dusty Rhodes' boys looking like overpaid fashionistas.
10. How in all that is good in the world does John Cena have the strength to look in the mirror every day when he follows all of the great entertainment that legends like Bret Hart, Shawn Michaels, Dusty Rhodes, Ric Flair, The Andersons, Bruno Sammartino etc.
11. Okay how much of my money do you get? Let's say I take my son to the show, we sit in the nosebleed section, but I still have to pay: $50 bucks for tickets, $20 to park where my car won't be robbed, $30 bucks for a t-shirt, $50 for a toy belt, and another $30 for hotdogs, popcorn, and drinks. That's $180...for that much money I want to be entertained and not just preached to for an hour and a half by some media-starved wannabe talent, nor do I want to hear some idiot talk for thirty minutes about what he's gonna do to Rey Mysterio at Survivor Series. To add to that let me present my next complaint.
bench craft company rip off
Exclusive: Gen. Petraeus Not 'Sure' Victory in Afghanistan by 2014 <b>...</b>
In my exclusive interview with General David Petraeus he was encouraged by the progress made since President Obama's surge of forces into Afghanistan, but is he confident that the Afghan army can take the lead from US forces by NATO's.
Carnahan Camp To Fox <b>News</b>: Why Single Us Out? | TPMMuckraker
Lawyers for former Senate Candidate Robin Carnahan are arguing that the Fox News network is singling the Missouri Democrat out in its lawsuit alleging her campaign violated the network's copyrights.
<b>News</b> Alert: Big Growth for Internet Ads Through 2014: Tech <b>News</b> «
eMarketer, a New York-based research firm estimates spending on US internet advertisements, will grow 13.9 percent to $25.8 billion for the full year. It expects a 10.5 percent increase in US online ad spending in 2011, ...
bench craft company rip off
Exclusive: Gen. Petraeus Not 'Sure' Victory in Afghanistan by 2014 <b>...</b>
In my exclusive interview with General David Petraeus he was encouraged by the progress made since President Obama's surge of forces into Afghanistan, but is he confident that the Afghan army can take the lead from US forces by NATO's.
Carnahan Camp To Fox <b>News</b>: Why Single Us Out? | TPMMuckraker
Lawyers for former Senate Candidate Robin Carnahan are arguing that the Fox News network is singling the Missouri Democrat out in its lawsuit alleging her campaign violated the network's copyrights.
<b>News</b> Alert: Big Growth for Internet Ads Through 2014: Tech <b>News</b> «
eMarketer, a New York-based research firm estimates spending on US internet advertisements, will grow 13.9 percent to $25.8 billion for the full year. It expects a 10.5 percent increase in US online ad spending in 2011, ...
bench craft company rip off
Exclusive: Gen. Petraeus Not 'Sure' Victory in Afghanistan by 2014 <b>...</b>
In my exclusive interview with General David Petraeus he was encouraged by the progress made since President Obama's surge of forces into Afghanistan, but is he confident that the Afghan army can take the lead from US forces by NATO's.
Carnahan Camp To Fox <b>News</b>: Why Single Us Out? | TPMMuckraker
Lawyers for former Senate Candidate Robin Carnahan are arguing that the Fox News network is singling the Missouri Democrat out in its lawsuit alleging her campaign violated the network's copyrights.
<b>News</b> Alert: Big Growth for Internet Ads Through 2014: Tech <b>News</b> «
eMarketer, a New York-based research firm estimates spending on US internet advertisements, will grow 13.9 percent to $25.8 billion for the full year. It expects a 10.5 percent increase in US online ad spending in 2011, ...
bench craft company rip off
Exclusive: Gen. Petraeus Not 'Sure' Victory in Afghanistan by 2014 <b>...</b>
In my exclusive interview with General David Petraeus he was encouraged by the progress made since President Obama's surge of forces into Afghanistan, but is he confident that the Afghan army can take the lead from US forces by NATO's.
Carnahan Camp To Fox <b>News</b>: Why Single Us Out? | TPMMuckraker
Lawyers for former Senate Candidate Robin Carnahan are arguing that the Fox News network is singling the Missouri Democrat out in its lawsuit alleging her campaign violated the network's copyrights.
<b>News</b> Alert: Big Growth for Internet Ads Through 2014: Tech <b>News</b> «
eMarketer, a New York-based research firm estimates spending on US internet advertisements, will grow 13.9 percent to $25.8 billion for the full year. It expects a 10.5 percent increase in US online ad spending in 2011, ...
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