Tedeschi Trucks Band Announce One-Night-Only 2020 Show At London’s Wembley Arena

first_imgAmid their ongoing, extensive European tour, Tedeschi Trucks Band has announced that they’ll return to that part of the world in 2020 for one show only.On February 1st, 2020, Tedeschi Trucks Band will play one of their biggest shows to date with their debut performance at the 12,500-capacity The SSE Arena, Wembley in London, U.K. According to the band’s announcement, “This will be TTB’s only show in the UK or Europe in 2020 and it’s sure to be a very special show for band and fans alike.”Swamp Family Fan Club pre-sale opens on Wednesday, April 10th at 10 AM. If you aren’t a member already, you can join here. Fan pre-sale opens on Wednesday, April 10th at 12 PM with the code “TRUCKS”, with a public on-sale opening on Friday, April 12th at 10 AM. All on-sale times are in London local time.For more information on their ongoing 2019 Europe tour, as well as the band’s summer plans in the U.S., head to Tedeschi Trucks Band’s website.last_img read more

Class explores impact of climate change

first_imgAs the semester draws to a close, the professor and students of a new interdisciplinary course, the Politics of Adapting to Climate Change, are able to reflect on the course’s first semester. The course, offered by the political science department, was taught by political science professor Debra Javeline. Javeline said the course is open to students in any major and will be offered again in the fall semester of 2013. Javeline said the class focuses on adaptation to climate change and its political implications. Most classes dealing with climate change expose students to the concept of climate change mitigation, she said. “Most students who study climate change study ways to slow, stop or reverse climate change; that’s mitigation,” she said. “But the fact is that we’ve reached a point where even our best mitigation efforts can’t prevent some climate change. Adaptation refers to the measures taken to prepare for and protect ourselves from the inevitable climate change. The question is how to adapt to this new climate reality.” The topic of adapting to climate change is primarily the concern of environmental scientists, which makes the class thoroughly interdisciplinary, Javeline said. She said students do not, however, need a background in environmental science. “It is a science topic, but we have to make political decisions about it,” Javeline said. “I make sure that students have enough science to get at the politics.” Javeline said they examine current issues of climate change adaptation as a class and discuss the political questions raised by these issues. “The questions we look at are questions for urban planners and engineers. For example, in addition to preparing for future Hurricane Sandy’s, what should our major coastal cities be doing to prepare for rising seas? This class talks about the politics of it all,” Javeline said. Sophomore Christina Gutierrez, a political science, French and Italian major, was a member of the course’s first class this semester. She said she enjoys the relevance the course has to current events worldwide. “It’s about everything our country, and others, do to mitigate and adapt to climate change,” she said. “I like being in a class where all of the material is really relevant, and it’s great to have an idea of the changes going on in the world.” Sophomore Arthur Laciak, a political science and math major with a minor in German, also took the course this semester. Laciak said the course also looks at impediments to adapting to climate change and that he enjoyed the opportunity to engage in research based on primary sources. “The class looks at the strategies to adapt and factors that get in the way – politics, economics and public opinion. We also cover the basic background of what climate change is,” Laciak said. “I like that the class provides the opportunity to do our own research and to look at primary sources,” he said. Javeline said an important part of the course is learning how to make decisions with incomplete information. “Adapting to climate change is urgent; we can’t keep waiting around. The changing climate is already having an impact,” she said. “Policy makers have to make decisions about climate change before they have all of the information. It’s called decision making under conditions of uncertainty, and it’s what makes [climate change adaptation] a political science topic.” Javeline said one of the major areas of concern in the politics of climate change is the idea that economic and environmental interests are at odds. “One thing we talk about is that politicians often present the economy and the environment as competing interests,” she said. “The truth is, adapting to climate could be one of the most economically efficient things we can do.” She said one of her goals in developing this new course is to show students the economic benefits of adapting to climate change. “I hope that students leave this class knowing that protecting the environment is good economics [and] is in everyone’s interest,” Javeline said. Javeline said she is excited about the diversity of majors among the students in the class. “Most students are political science majors, and the second most common major is Environmental Sciences. There are also quite a few business majors and a sprinkling of architecture, math, economics, history, sociology, Russian, and Italian majors and philosophy, language, energy studies and sustainability minors,” she said. Javeline said almost all course readings were written within the last 10 years. She also said the course is essentially paperless with all readings available online. “It is a paperless class. I tried to be true to the nature of the class, so everything is online and the links are in the syllabus,” Javeline said. She said the conspicuous lack of textbooks for the course was not the result of a deliberate decision. “No textbooks on this topic exist, so it isn’t even a choice,” she said. Javeline said her students benefit from being exposed to recently published and even incomplete research. “Students can learn a lot from seeing ongoing research. They can see how policy makers make decisions even as the science is developing,” she said. “Some of the assignments are even drafts of policy statements. These allow students to see the thought process of policy makers.” Lociak said it is difficult to work with these drafts and other incomplete materials, but he values the insight they provide into governmental processes. “Sometimes the research we read is incomplete, and that can be difficult. But it shows us the stages of the government’s response,” he said. Javeline said she has spent the past four years working on issues related to climate change. Initially, she began by helping biology professors Jessica Hellmann and Jason McLachlan with their work related to species extinction due to climate change as survey research specialist. She said the experience sparked her interest in the subject, to which she now devotes most of her research efforts. “It was my side-project, but it’s grown to be all-consuming,” Javeline said. Javeline said she created the course as a way to inform students who go on to work in the government or private industry about the pressing issue of adapting to climate change. “One of the things I’ve learned is that communicating about climate change is important; people recognize it but don’t appreciate the urgency,” she said. “By teaching about it, I’m doing my part. I’m conveying to talented undergraduates the need for their contributions.” Gutierrez said she registered for the course because of her past experiences with Javeline. “I had Professor Javeline last semester for a class we created together called Food Politics, so I wanted to take another class with her,” she said. Laciak said his previous interest in the subject of climate change led him to take the course. “When I was searching for classes, this one seemed the most interesting. I have an interest in climate change and the debate about what should be done,” he said.last_img read more

Peter Land Exits Ruthless! Following Medical Emergency

first_img Show Closed This production ended its run on Sept. 10, 2016 View Comments Related Shows Peter Land has departed the off-Broadway revival of Ruthless! The Musical following an onstage collapse on July 17. Land, who starred in the musical comedy as Sylvia St. Croix, received emergency surgery for a tear in the aorta. A spokesperson for the production has confirmed that he has been discharged from the hospital earlier this week and that his recovery is going “extremely well.”Paul Pecorino, who has appeared off-Broadway in Devil Boys from Beyond and The Crumple Zone, has taken over for the role. In the interim, director and co-creator Joel Paley played the part of Sylvia. Land, the husband of choreographer Gillian Lynne, has appeared on Broadway in All’s Well That Ends Well; his extensive London credits include My Fair Lady, Cabaret and The Phantom of the Opera.Ruthless!, a musical sendup of child stars and overbearing adults, opened officially at St. Luke’s Theatre on July 13. The cast features newcomer Tori Murray, Kim Maresca, Rita McKenzie, Andrea McCullough and Tracy Jai Edwards.Broadway.com wishes Land a speedy and safe recovery. Ruthless! The Musicallast_img read more

The Comedy about a Bank Robbery’s Charlie Russell on Playing an American & Not Going Wrong with Mischief

first_img The Mischief Theatre Company has now had three West End shows, starting with the ongoing and Olivier-winning The Play That Goes Wrong, then Peter Pan Goes Wrong and now The Comedy about a Bank Robbery, which opened at the Criterion Theatre to rave reviews last month. Their first show set in the U.S., director Mark Bell’s production casts Charlie Russell as the wily, wonderfully named Caprice Freeboys, daughter of the manager of the Minneapolis bank of the title. Russell took time one recent evening to talk about the little company that has gone from strength to strength as they start to look toward Broadway.This show is quite different from Mischief Theatre’s two previous West End entries—for one thing, there’s no “goes wrong” in the title.I was pretty nervous, actually. I think I knew I had it in me [to play an American] and that it was something I wanted to do, and that it was really important for us as a company to step forward, but I was scared, to be honest.What are the challenges of Bank Robbery?There’s the accent, of course. Also, with our other plays, I was playing an actress [Sandra] who was helping to put on the show we were doing, so there was a huge connection with the audience. With this one, I’m playing the character of Caprice throughout, so I had to keep myself from breaking the fourth wall.Is it important that Mischief tries new things?Sure, and it’s a little like someone’s second or third album: are people going to like the new thing we’re doing? But we knew that even if they didn’t, we had to do what we liked as a company and not try and do the same old thing just because it’s making money.Why the 1950s American Midwestern setting?We got something of a Fargo vibe about Minneapolis in the late 1950s that seemed right, and it was important also that we were talking about a smaller bank! This isn’t a huge New York thing with a huge vault—it’s meant to be a smaller bank with smaller criminals.I love your character’s name—Caprice Freeboys!Yes, I’m constantly pinching myself that I am getting to play this part because it’s such a gift. Caprice is named for the word capricious, which gives you an indication right away of what her character might be, and the part plays into my favorite sorts of roles: slightly vintage period stuff from the 1940s or ‘50s, a girl with quite a bit of sass.Not to mention that most of the rest of the cast falls in love—or at least lust—with her.It’s nice that my friends [who co-wrote the play and also appear in it] thought the casting would be appropriate! It’s nice that Caprice is in demand and what’s even nicer is how independent she is for a woman in 1958. She actually has her own apartment, for one thing, and she’s quite wily.How are you holding up physically, given the toll that Mischief’s comedies have been known to take on their actors?I’ve not done anything that has given me long-term damage physically, though psychologically might be a different matter. No, I’m joking. I’ve had a few scrapes and trapped a nerve mid-show during Peter Pan Goes Wrong, but I do go to the gym quite regularly now. I’ve sort of accepted my fate.You do some pretty gravity-defying stuff as Caprice.If you want to know the truth, I actually do get scared of heights! Luckily, I’m surrounded by top professionals in case anything really does go wrong, and one thing I did do at LAMDA [drama school] was stage combat so I’m OK with big heavy weapons and things like doors coming at my face or people throwing me out a window.How does it feel now that you and your Mischief colleagues have remained together across three shows?And to think that I was 19 when I met all these guys! We really are so lucky: it’s not to say that we haven’t worked really hard all our lives, but we’re very fortunate that our hard work has turned into a success.Do you ever yearn to break away and maybe go off and audition elsewhere, away from Mischief?I think we’d all love to do loads of different things: I mean, I still hold on to the dream that I’ll be a superhero! But I don’t think I’ll ever underestimate how wonderful it is to be able to work with your best mates.And with Broadway mooted for The Play That Goes Wrong in 2017.Oh my God, like, what the f*ck? That would be a dream come true—like, how have we earned that? Surely someone’s going to call fraud! To go to Broadway would be just amazing; I would love that more than anything. View Comments Charlie Russell in ‘The Comedy about a Bank Robbery'(Photo: Darren Bell)last_img read more

Boost Fruit Harvests Now

first_imgWhile the sweet treat of this summer’s fruits still lingers, it’s time tofocus on next year’s harvest.”Next year’s fruit crop depends greatly on the plants’ health thisyear,” said Gerard Krewer, a horticulturist with the University of Georgia ExtensionService.Making sure your fruit plants are properly fertilized now is important fortwo reasons, said Krewer, who specializes in small fruit crops.First, flower buds are forming now that will produce next year’s crop.”The number of flowers you have next spring will be determined thisyear,” Krewer said. That’s important. The more flowers you start with, the betteryour chances of having a crop after a spring frost.Second, fruit plants are charging up their batteries now. They will crankup next spring on the strength of energy reserves they build up between now and their fallshutdown.”For the first 30 days or so next spring, a fruit plant will dependon its stored reserves,” he said. “Those are the reserves it’s producing thisfall and storing in its roots and stems.”Don’t rush out and start pouring on the fertilizer, though. “Too muchfertilizer could do more damage than good,” Krewer said. “The plant could windup making less fruit instead of more.”Too much fertilizer now, he said, could cause the plant to grow too muchin late summer and increase shading in the plant’s interior, resulting in fewer flowerbuds. Excessive growth is also more susceptible to cold injury this fall and winter.What you really should do, Krewer said, is take a soil sample to thecounty extension office. Get an analysis of your plants’ precise fertility needs.”Summer is a great time to pull a soil test,” he said. “Thereadings will be closer to the actual soil conditions the plants experience during thegrowth season. The pH goes down this time of year. So you get a better picture of yourliming needs.”One benefit of soil testing is that you can often save on fertilizercosts. “Often plants require only nitrogen in the summer application,” he said.If you really don’t want to run a soil test — the right thing — the nextbest thing is to use a balanced, premium-grade fertilizer.That would not only supply the main nutrients plants need — nitrogen,phosphorus and potassium — in balanced amounts, but would also provide the micronutrientsneeded for good growth.For many fruit trees, a seat-of-the-pants rule is to apply one pound ofpremium-grade 10-10-10 per inch of trunk diameter. But don’t apply more than three poundsper tree in late summer.”For pears, apply a little less than that,” Krewer said.”Pears are prone to put on too much vegetative growth if you fertilize them toomuch.”For blueberries, he said, apply one ounce of the same fertilizer per footof bush height. But don’t apply more than six ounces per bush.In rich soils or where fruit plants often grow too much, he said, cut anyof these rates by one-half to two-thirds.Be prepared to fertilize again next spring, just before or during bloom.”Fruit plants usually need fertilizer every spring and every summer afterharvest,” Krewer said.last_img read more

Lend a Hand: Team Up with Warren Haynes to Build Houses Before the Jam

first_imgHe’s known simply as Doobie. Kent Doobrow followed the Grateful Dead for decades and loves music. He plays music himself in a celebrated band that performs at many outdoor industry events, and he attends most of the big music festivals in the region. But after years of dancing in the crowds with 80,000 others, he decided he wanted to get backstage.Doobrow has represented outdoor gear companies for decades, and he realized that his gear connections might help him get closer to the music he loved. So one day, he approached the Grateful Dead and offered them free sunglasses.“They loved them and wore them everywhere,” says Doobrow. “Probably half of the photographs ever taken of the Grateful Dead include one of the band members wearing the sunglasses I gave them.”It turns out that musicians love outdoor gear, and they often don’t have the time or ability to get it while traveling or touring. Over the years, Doobrow has hooked up many big-name bands with everything from socks to backpacks.For the past decade, as a representative for Merrell, Doobrow has deepened his connection between music and outdoor gear. He has forged a partnership between Merrell and Warren Haynes’ Christmas Jam to support the Before the Jam, Lend a Hand project, where volunteers help build homes with Habitat for Humanity in Warren Haynes’ home town of Asheville, N.C., two days before the Christmas Jam.john-from-canada_by-woodyThe Before the Jam, Lend a Hand project has become a central part of the Warren Haynes Christmas Jam experience. Volunteers from all over the country come to Asheville to help build houses on the Thursday and Friday before the annual Christmas Jam on Saturday evening.Doobrow initially gave away free Merrell shoes to everyone who volunteered and paid for the shoes out of his own pocket.“My goal was to get a shitload of volunteers to participate,” he says. “It worked—too well.”So many people signed up that quotas had to be placed on the number of volunteers. The Occupational Safety and Health Administration limits the number of volunteers on a construction site due to safety regulations.The Before the Jam, Lend a Hand project is now in its tenth year,  Doobrow and Merrell offer a raffle exclusively for volunteers where they give away hundreds of dollars worth of Merrell gear.Volunteers also received limited edition t-shirts designed with artwork from Dylan Haynes, a local Asheville artist and Warren Haynes’ nephew. Merrell also outfits the Habitat for Humanity house recipients head-to-toe in shoes, gear, and apparel.“I’ve met some amazing people through this event,” says Doobrow. “Many volunteers use this experience to join Habitat for Humanity projects in their home towns. Some have even organized their own concerts to support Habitat, just like Warren Haynes has done.”An Asheville native, Warren Haynes has began organizing the Christmas Jam 27 years ago as a way to support affordable housing in his home town. Proceeds from the concert go to the Asheville Area Habitat for Humanity. The Jam has raised more than $2 million for Habitat for Humanity and helped 36 families in need of decent, affordable housing. Donations from the Christmas Jam have helped fund the purchase and construction of an entire subdivision in Asheville called Hudson Hills, named after Warren Haynes’ son Hudson.john-meadows_btj2014_by-woody“It takes a special person to come a few days early and volunteer their time and energy building houses, often in brutal weather,” says Doobrow. “Amazingly, folks come from all over the world to be a part of these home building crews. It’s inspiring to be a small part of it.”On Friday, December 9, at 3 p.m., the public is invited to attend the Wall Raising (at 65 Taft Avenue, Asheville 28803). Warren Haynes and his wife will speak, and so will Doobrow. The house recipients will also be there to help raise the first wall of their new home.Although the Christmas Jam is sold out, there are other ways to join the fun:There are still some volunteer slots available on Thursday, December 8th. Click here to see options and sign up.Attend Jam by Day and/or the Christmas Jam Art Show. Proceeds benefit Asheville Area Habitat.Raise a pint of Sierra Nevada Christmas Jam Ale! Proceeds support Asheville Area Habitat.If you’re attending the Jam, stop by the Habitat table to say hello, learn about programs, donate $1 to sign a stud wall which will be used in the construction of a Jam House, and enter to win a guitar.Donate to Asheville Area Habitat for Humanity by visiting org/donateonline. Select Christmas Jam in Area of Support.last_img read more

Breaking down the TRID fix: Rate lock revised LEs are one and done

first_img continue reading » 6SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr How’s 2018 treating you so far, credit union compliance world?My year started out right. Last week, I contacted the CFPB through their Regulatory Inquiry website and got a call back same day. That’s a response time that the NAFCU Regulatory Compliance Team can appreciate. And the informal answer from the Bureau: you don’t have to do any extra work unless you want to. So I’m batting a thousand so far.The Question: Rate Lock Revisions and the 2013 PreambleSubsection 1026.19(e)(3)(iv) describes when a revised Loan Estimate can be used to reset tolerances. The subsection contains five paragraphs describing five sets of circumstances where a revised Loan Estimate can be issued and used to reset tolerance for good faith purposes. Four of these circumstances are permissive, meaning that a revised Loan Estimate can, but is not required to be, issued. In other words, if the credit union decides that reissuing the Loan Estimate is not worth the cost, it can chose not to, though it won’t be able to reset tolerances due to the event.One of the circumstances is not voluntary, it’s required. That’s paragraph 19(e)(3)(iv)(D). If the rate was not locked when the initial Loan Estimate was provided, and the applicant locks in the rate, a revised Loan Estimate is mandatory. The language of this paragraph is quite specific:last_img read more

COVID-19: GMF expects spike in maintenance orders from flight bans

first_imgNotable carriers such as American Airlines, Air France and Qatar Airways have temporarily halted all flights to China in response to the coronavirus outbreak. Several countries, including the United Arab Emirates and Indonesia, have also temporarily suspended all flights to mainland China to prevent the furteher spread of the virus.Read also: Airlines face $100 billion-plus virus hit, discounts ‘wouldn’t do any good’ He added that the increased demand for maintenance from non-affiliates could offset the expected decline in orders from affiliate airlines as well as flag carrier Garuda Indonesia and its low-cost subsidiary Citilink Indonesia, “since both airlines have reduced their flights to China and Saudi Arabia for umrah [pilgrimage]”.This, in turn, could lead to postponements in Garuda’s and Citilink’s regular maintenance schedules, he said.With the expected increase in orders from international airlines, GMF AeroAsia would be heightening its prevention measures by disinfecting every aircraft that rolled into its maintenance hangars.Tazar said that the company had disinfected 19 Garuda aircraft and 13 Citililink aircraft from January to March, as well as 18 aircraft from international carriers during the same period.Read also: COVID-19: Indonesia still allows flights to and from South Korea amid travel banDespite the spike in maintenance orders, Tazar said that GMF AeroAsia would accommodate new orders according to capacity.The company plans to open a new MRO facility this year in Denpasar, Bali, bringing its total to 25 outstations.Tazar added that GMF AeroAsia would maintain its revenue and profit projections for the year, with revenue projected to grow 5 percent and profit 10 percent on the back of planned efficiency measures.GMF AeroAsia was also allocating US$50 million in capital expenditure for 2020, with most of the fund to be used toward both organic and inorganic business growth.Stocks of the company, traded at the Indonesia Stock Exchange (IDX) with the code GMFI, plummeted by 11.58 percent on Friday against the Jakarta Composite Index’s loss of 2.4 percent. The stocks have lost more than 51 percent of its value throughout this year.Topics : The suspension has left some airlines unable to land in China for scheduled maintenance, prompting them to seek new alternatives for servicing their aircraft.GMF AeroAsia had so far received three orders for maintenance services from international airlines that were not on the company’s roster this year, Tazar said.center_img PT Garuda Maintenance Facilities (GMF) AeroAsia expects to see increasing demand for maintenance, repair and overhaul (MRO) services from non-affiliated international airlines as a result of diverted flights due to the COVID-19 outbreak.President director Tazar Marta Kurniawan said on Friday that GMF AeroAsia projected a year-on-year increase of 80 percent in the contribution of non-affiliated international airlines for its MRO services, from 71 percent in 2019.“We might receive more orders for MRO services from international airlines, since those who were scheduled to have maintenance in China, for example, would be diverted to us because of the coronavirus outbreak,” Tazar told a press briefing in Tangerang, Banten.last_img read more

Digital banking prioritizes security amid cyber threats

first_imgAccording to a 2018 PricewaterhouseCoopers survey polling 43 Indonesian banks, the industry considers cybersecurity its biggest risk over the next two to three years.BTPN has said it has implemented a multilayered security system to secure digital transactions and is using the latest technology.“Aside from that, we routinely educate our users about data security, as well as offline and online transaction security,” BTPN digital banking head Irwan S Tisnabudi told The Jakarta Post on Tuesday.Irwan added that Jenius continuously reminded its customers to refrain from sharing classified information, such as PIN numbers, passwords, one-time passwords (OTP), and to change their PINs and passwords regularly. National banks have pledged to maintain strong digital security systems and have encouraged consumers to take precautions against the risk of digital security breaches.Tantri Desyanti, a 25-year-old customer of Jenius, a digital banking platform operated by publicly listed lender BTPN, recently experienced a cybersecurity breach. In a viral tweet posted on June 9, Tantri said she had lost Rp 3.2 million (US$228.58) from her Jenius account, through a series of unauthorized transactions through Paypal.She was later refunded by the bank, but her case has highlighted the risk of cybersecurity breaches in online banking platforms. Regarding Tantri’s case, Irwan said the bank maintained that there had not been any account breach or issue within Jenius’ internal system. The bank suspected that the customer had been manipulated by a scammer into providing confidential information.Bank Central Asia (BCA), the country’s biggest privately owned bank, said it had maintained the security of consumer transaction information and had applied security systems in accordance with regulations.“BCA is continuously carrying out development on its transaction securitization system,” BCA executive vice president of the secretariat and corporate communications Hera F. Haryn told the Post on Monday.BCA enjoyed a steep 91 percent year-on-year (yoy) rise in the number of mobile banking transactions in the first quarter of this year. The value of the transactions reached Rp 3.38 quadrillion. The number of BCA internet banking transactions increased by 24 percent to 740 million during the same period.The bank is encouraging consumers to download its official mobile banking application to maintain transaction security. It is also reminding customers to remain cautious about the safety of the internet network they are using.Publicly listed lender Bank Mandiri has said it has taken measures to secure its mobile application, its identity authentication and its transaction authorization.The bank has a biometric test to authorize access to its Mandiri Online application.“The transactions are also monitored to detect unusual transactions. Everything is equipped with advanced security technology and strict security testing processes,” Bank Mandiri corporate secretary Rully Setiawan said on Tuesday.The bank has allocated between Rp 2 and Rp 3 trillion in capital expenditure for its IT department, which will mostly go towards digitizing the banks’ systems, he added.Digital banking in Indonesia is considered strictly controlled as it is stringently standardized, Indonesia Cyber Security Forum (ICSF) chairman and cofounder Ardi Sutedja told the Post on Monday. “Banking is a sensitive sector because its main business is trust, so if its technology system and trust break down, it will go out of business,” Ardi said. He noted that banks had been careful to develop and maintain the security of their digital channels but could still benefit from regular audits on their system to identify points of vulnerability.Banks, Ardi added, should keep up to date on digital crimes, both domestic and abroad, to anticipate the security measures needed in the future. Topics :last_img read more

UK roundup: BT Pension Scheme, Charity Commission, Mercer, Thomas Cook, Barnett Waddingham

first_imgMeanwhile, the Charity Commission has sent a warning to the trustees of pension schemes within charities to ensure they explain how deficits within DB funds are being addressed.The public body recently conducted a review of accounts of charity organistions and found 740 current run deficits.After further investigation, it identified 31 that do not disclose any information of recovery plans.Sam Younger, chief executive at the Charity Commission, said: “Pension deficits can pose a potentially serious risk for charities.“Some charities do not adequately explain how they are dealing with their pension deficit, thereby missing out on an opportunity to demonstrate to their donors and beneficiaries that they are tackling the problem appropriately.”In other news, Mercer’s monthly update on UK FTSE 350 defind benefit (DB) funding showed levels deteriorated over the course of April, despite improvement in investment markets.The consultant’s Pensions Risk Survey showed the deficit in these UK schemes reached £111bn (€135bn), a £15bn increase over the course of 2014, and £9bn in April alone.Asset values increased by £4bn over the month. However, this was outdone by liabilities, which increased by £13bn.This left the total amount of pensions assets in FTSE 350 schemes at £575bn, compared with £686bn in liabilities.Ali Tayyebi, senior partner at Mercer, said: “The driving factor was a significant increase in liability values, which in turn resulted from a small reduction in long-dated corporate bond yields, combined with a small increase in the market’s expectations for long-term inflation.“This is a sobering thought for those inclined to assume financial conditions are bound to get better and might therefore be deferring risk management or deficit correction actions on that basis.”Finally, the Thomas Cook Pension Plan has appointed Barnett Waddingham to provide investment consultancy to its trustees.The £850mDB) scheme picked the consultant after running a competitive tender.Andy Cooper, who chairs the trustee board, said: “We were impressed by the personalised service Barnett Waddingham offered in their tender.“The attention to detail and real effort to truly understand our needs was particularly impressive.” The BT Pension Scheme has seeded a new ESG global equities fund being launched by wholly owned subsidiary Hermes.The fund only includes companies that outperform peers in an ESG rating.The rating, between 1 and 100, is creating by scoring companies on their environmental impact, social issues and governance – the latter using quantitative and qualitative data from Hermes EOS.The pension scheme has provided £40m to seed the fund.last_img read more