South African NGOs near to tax victory

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Howard Lake | 17 February 2000 | News  17 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis A campaign to win tax-exempt status for all non-profit organisations in South Africa looks set for victory. Currently only tertiary education institutions andeducation foundations enjoy non-profit tax benefits.Read Tax breaks for NGOs? by Barry Streek at the Daily Mail & Guardian, Johannesburg. Advertisement South African NGOs near to tax victory About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving. read more

Delta Lloyd scheme splits matching holdings into LDI, spread portfolios

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first_imgThe Delta Lloyd Pensioenfonds said it will implement changes to its 25% return portfolio this year, including a reduction of its developed markets equity investments by one-third to 50% of its overall return portfolio.It will also raise its stake in emerging market equity as well as real estate to 16.7%, while introducing a portfolio for emerging market debt of a similar scale.Krekel explained that the portfolio changes followed the scheme abolishing its reinsured arrangements in 2017.It said that an asset-liability management (ALM) study – completed at year-end – had confirmed the portfolio changes underpinned a solid investment approach.The ALM also suggested the pension fund should reduce its investment risk at higher funding levels through increasing its liabilities portfolio at the expense of its return holdings.Last April, the pension fund’s coverage ratio stood at 125.2%, a decline of no more than 1.6 percentage points since year-end.Its funding level had enabled it to grant all its participants and pensioners a full inflation compensation of 1.73%, drawn on the consumer index. The €3.8bn pension fund of former Dutch insurer Delta Lloyd said it had split its matching portfolio into sub-portfolios for liability-driven investments (LDI) and “spreads”.In its annual report for 2019, it announced it had allocated two-fifths of its 75% matching portfolio to LDI holdings, including long-duration euro-denominated government bonds, interest swaps and cash.It said it had invested the remaining assets in Dutch residential mortgages, euro-denominated credit as well as corporate green bonds.According to Theo Krekel, the scheme’s chief executive officer, breaking up its liabilities portfolio would make management easier, as its spreads holdings could also be deployed to generate returns. Source: WikipediaThe former offices of Delta Lloyd in AmsterdamThe pension fund closed on 1 January 2020, following a new collective labour agreement (CAO) at NN Group.As part of the labour agreement, future pensions accrual of former Delta Lloyd staff will take place through NN’s CDC scheme.The board of the Delta Lloyd Pensioenfonds said it had concluded that keeping the scheme for now was the best of the currently available alternatives, which also included a buy-out and joining a consolidation vehicle or another scheme.The scheme said it will reassess its position in three-years time, but that it will keep monitoring its buy-out options in the meantime.It also said it is in discussions with its new pensions provider – NN subsidiary AZL – about switching its IT system Lifetime to a new platform.Whereas the scheme’s contract with AZL is to expire at the end of 2021, the provider wants to bring the change forward by one year, it said.The pension fund attributed its 19.8% return on investments largely to the performance of its equity holdings, which generated returns of 27.6%.The report disclosed that the scheme’s LDI portfolio, spread holdings and return portfolio had delivered 32.6%, 5.8% and 26.1%, respectively.The Delta Lloyd Pensioenfonds reported administration costs of €391 per participant.It spent 23bps on asset management and said a 5bps rise in transaction costs to 8bps was due to the reconstruction of its matching portfolio.The scheme has 2,365 active participants, 7,020 deferred members and 3,670 pensioners.To read the digital edition of IPE’s latest magazine click here.last_img read more

WWE WrestleMania 35 Results: Becky Lynch Beats Ronda Rousey and Charlotte Flair At WrestleMania’s Main Event

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first_img SUBSCRIBE TO US #WinnerTakeAll…and the WINNER is @BeckyLynchWWE, your NEWWWW #RAW AND #SDLive #WomensChampion! #WrestleMania #BeckyLynch pic.twitter.com/81oO0chjwK— WWE (@WWE) April 8, 2019 Last Updated: 8th April, 2019 12:31 IST WWE WrestleMania 35 Results: Becky Lynch Beats Ronda Rousey And Charlotte Flair At WrestleMania’s Main Event WWE history was created at WrestleMania 35 when Becky Lynch stunned Ronda Rousey at WrestleMania’s main event with a crucifix pin to win both Raw and SmackDown Championships as an incapacitated Charlotte Flair watched live. LIVE TV WWE announced an attendance of 82,265 as WrestleMania became the highest-grossing entertainment event in MetLife Stadium history with an announced $16.9 million in gross revenue.If you have missed the telecast in India, Here’s the schedule for the repeat telecast.Read: WWE WrestleMania 35 Results: Becky Lynch Beats Ronda Rousey And Charlotte Flair At WrestleMania’s Main EventHere is the Date, Time & Channel for WrestleMania 35 Repeat Telecast in India:Live Telecast | April 8, 2019 | 05:30 AM | Ten 1HD / Ten 1 Repeat1 | April 8, 2019 | 06:00 PM | Ten 1HD / Ten 1 Repeat2 | April 10, 2019 | 09:00 PM | Ten 1HD / Ten 1 Repeat3 | April 14, 2019 | 02:00 PM | Ten 1HD / Ten 1 Live Streaming | April 8, 2019 | 05:30 AM | WWE Network.WWE is an American media and entertainment company that is popular in the field of professional wrestling. WWE stands for World Wrestling Entertainment Inc. which as the name suggests is a form of Sports Entertainment purely storyline driven and for the purpose of entertainment. It is owned by Vince McMahon who also is the CEO of the company. It is a publicly traded company on the NYSE and was formerly known as WWF till 2012 until it revamped its logo to WWE. Becky Lynch created history as she became the first women wrestler to win the Raw and SmackDown Championships together in a winner takes all main event scheduled at WrestleMania 35. This was the first WrestleMania event in the history of WWE in which the main event was a women’s match. COMMENT Digital Desk FOLLOW US The picture completely sums up the moment with Becky Lynch holding up two titles at the biggest event of the year in WWE and it is sure to go down as one of the iconic moments in WrestleMania history WATCH US LIVE Written By The Man aka Becky Lynch pinned The Baddest Woman on the Planet aka Ronda Rousey to claim the win in a triple-threat match against the Raw Women’s Champion Rousey and SmackDown Woman’s Champion Charlotte Flair. With Flair indisposed, Rousey looked to add the SmackDown women’s title to her collection by attempting her Piper’s Pit finisher to Lynch; however, Lynch was able to counter the attempt into a crucifix pinfall for the abrupt victory. #BeckyLynch JUST DID THAT to #RondaRousey!! #WrestleMania #[email protected] @RondaRousey @MsCharlotteWWE pic.twitter.com/MhzzPUoUZR— WWE (@WWE) April 8, 2019 #WrestleMANia will live [email protected] HAS DONE IT! #BeckyLynch pic.twitter.com/yxdWzpRnri— WWE WrestleMania (@WrestleMania) April 8, 2019 NEW #RAW #WomensChampion.NEW #SDLive #[email protected] just made HISTORY! #WrestleMania #BeckyLynch pic.twitter.com/thDQ3KUDMz— WWE (@WWE) April 8, 2019 First Published: 8th April, 2019 12:20 IST #BeckyLynch has #RondaRousey in pure AGONY.#WrestleMania #WinnerTakeAll @BeckyLynchWWE @RondaRousey pic.twitter.com/xtzbmpwxAA— WWE WrestleMania (@WrestleMania) April 8, 2019last_img read more