TELA: Ageing Finland can’t afford prolonged unemployment

first_img“I am glad that the pension funds have been able to grow undisturbed and that their accumulated investment returns have been remarkably good in recent years,” said Siimes, adding that this had led to buffers in the system that were strong enough to withstand the really bad days the pandemic had brought.Market values of pension assets had fallen sharply, and direct income flows from many investments would also diminish as the economy declined, Siimes said.But she pointed out that only part of Finland’s occupational pensions were financed from the funds and their investment income, with most of the funding still coming from contributions levied on the salaries of people currently in work.“The increase in redundancies and the rise in unemployment will also reduce the income streams from them, at least for a while,” she said.Siimes said the near future was still shrouded in fog, but that it was clear that the ageing of Finland’s population would continue after the epidemic.“In addition, we are already significantly older as a nation than during the recession of the 1990s,” she said. So being able to pay pensions normally today was not enough, she said, adding that this had to continue to be the case for years to come.More than a quarter of Finland’s population were already pensioners, and the number of retirees was estimated to grow by well over 200,000 during the 2020s, the CEO noted.“It´s important to act to avoid a prolonged recession, because now – due to the ageing of the population – we cannot tolerate prolonged unemployment to the extent we did in the 1990s,” Siimes said.Looking for IPE’s latest magazine? Read the digital edition here. Finland’s partly-funded occupational pension system has enough in buffer reserves to weather the current phase of the COVID-19 crisis, but given the country’s ageing population, it is essential that the economy makes a swift recovery, according to the head of the sector’s lobby group.In a media column, Suvi-Anne Siimes, chief executive officer of TELA, said: “We need to be able to invest earnings-related pension funds tomorrow too, and a rapid economic recovery is absolutely essential.”A revitalised economy was essential for jobs, livelihoods and people’s everyday security, as well as to help strengthen the financing of pensions, she wrote in Finnish newspaper Demokraatti.Even though the coronavirus epidemic had been rattling the economy in Finland and abroad for weeks, she said, thanks to the country’s well-managed pension system, pensions were being paid to everyone entitled to them in the normal way.last_img read more

Celebrity doctor sells Brisbane riverfront investment property

first_imgDr Ingrid Tall, owner of Cosmetic Image Clinic, has sold her Norman Park investment property. Photo: Bruce Long.FORMER Australian Medical Association Queensland boss, media identity and political aspirant Dr Ingrid Tall has sold her Norman Park investment property for a tidy $2.32 million.Dr Tall, who now runs Cosmetic Images Clinics in the Brisbane CBD, has owned the property at 8 Wynnum Rd, Norman Park, for two decades.GET THE LATEST REAL ESTATE NEWS DIRECT TO YOUR INBOX HEREThis property at 8 Wynnum Rd, Norman Park, has just sold for $2.32m.The home at 8 Wynnum Rd, Norman Park, as seen from the front.The home has been snapped up by a couple of empty nesters moving from a large acreage property on Brisbane’s southside.While they might be downsizing in terms of the land and house, the buyers are certainly upsizing when it comes to views.MILLIONS CHANGE HANDS DURING HUGE AUCTION WEEKThe kitchen in the home at 8 Wynnum Rd, Norman Park.More from newsParks and wildlife the new lust-haves post coronavirus18 hours agoNoosa’s best beachfront penthouse is about to hit the market18 hours agoThe view from the deck at 8 Wynnum Rd, Norman Park.The four-bedroom riverfront home offers spectacular, panoramic views of the river and city.The traditional Queenslander-style house has a timeless gabled white and navy facade and retains original features such as wooden floors, VJ walls and high ceilings.BRISBANE HOUSE PRICES LEAVING SYDNEY FOR DEADInside the home at 8 Wynnum Rd, Norman Park.The property is very private, bound by only one neighbour and with Norman Creek on the other side.The house is two-storey and split into two completely separate, self-contained living zones.Sarah Hackett of Place negotiated the sale.Records show the property last sold for $822,000 in 2001.WHAT QUEENSLANDERS WANT IN A HOMEVideo Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:29Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:29 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p360p360p270p270pAutoA, selectedAudio Trackdefault, selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenChris Hemsworth’s Byron Bay mega-mansion00:29last_img read more

Leicester City come from behind to subdue Burnley 4-2

first_imgLeicester came from behind to beat Burnley 4-2 in another high-scoring Premier League clash as Brendan Rodgers’ side start season with back-to-back victories. The last time Leicester produced back-to-back wins at the beginning of a Premier League season, they ended it as champions. Thanks to seven goals in their opening matches, the Foxes are back at the top of the tree again and while even the most optimistic Leicester fan would doubt their ability to repeat the fabulous story of 2015-16, this was just the start Brendan Rodgers’ team needed after their poor post-lockdown form cost them a place in the Champions League. It was a double celebration for Rodgers, who registered his 100th win as a Premier League manager. Harvey Barnes delivered an outstanding display, scoring the equaliser and terrifying Burnley throughout. Chris Wood gave the injury-hit visitors a 10th-minute lead but after Barnes levelled, an own-goal from Erik Pieters and James Justin’s strike put Leicester in charge just after an hour. Jimmy Dunne pulled one back for Burnley on his top-flight debut but Dennis Praet’s sumptuous strike 11 minutes time settled it once and for all. Leicester will need to defend better than they did here to keep out Arsenal in the Carabao Cup on Wednesday and Manchester City in the league next Sunday. Wood could have had a hat-trick for Burnley: as well as his goal, the forward hit the post and shot straight at Kasper Schmeichel from close range. Despite missing key players Ben Mee, James Tarkowski, Jack Cork and Ashley Barnes, Burnley took the lead the 10th minute. Dwight McNeil found Charlie Taylor on the left and when the cross reached Wood at the far post, he outmuscled Justin and slammed the ball beyond Schmeichel. Leicester were convinced the forward was guilty of handling but after a VAR check, the ball was deemed to have hit Wood high enough on his arm for the goal to be legal. The Foxes rolled with the punch and levelled 10 minutes later. Loading… Barnes swept a crossfield pass beyond the Burnley backline and into Jamie Vardy’s path. The forward found Timothy Castagne, who squared for Barnes to stroke the ball into the corner from 15 yards. Barnes then drew a fine save from Nick Pope with an angled effort tin the 33rd minute, and six minutes later Phil Bardsley produced a goal-saving challenge as Barnes tore towards the far post to meet Praet’s low cross. Sean Dyche’s men suffered another injury blow soon afterward when, following an earlier challenge from Justin, Robbie Brady was unable to continue and was replaced by Pieters. Pieters might have wished he had stayed on the bench. Five minutes into the second half, after Youri Tielemans had found Castagne on the right, Pieters moved over to block the cross only for the ball to hit his heel and fly past the helpless Nick Pope at the near post. Barnes continued to cause problems for Burnley and another charge into the box brought a corner, yet Leicester were lucky to stay ahead just before the hour mark when Wood shot weakly at Schmeichel after Jay Rodriguez teed him up 10 yards out. Moments later, Burnley paid the ultimate price. Praet burst away down the right and found Perez inside the box. The Spaniard rolled the ball to the far post where Justin tapped it in for his first Premier League goal. read also:Former Nigeria coach Oliseh raises alarm over Ndidi’s new role at Leicester City But Leicester switched off again at the back when McNeil swung over a free-kick and Dunne barged his way through the crowd to head it past Schmeichel. The home side quickly restored their two-goal, however, with another goal of high quality. Barnes escaped yet again on the left and squared the ball for Praet, who used Castagne’s run outside him as a decoy before lashing the ball beyond Pope at his near post from 20 yards. There was still time for Wood to hit the post with Schmeichel beaten but Leicester’s slick attacking football merited the victory. FacebookTwitterWhatsAppEmail分享 center_img Promoted ContentTop 6 Iconic Supercar MoviesA Hit Song By Lil Nas X Is Beating A World Record As We Speak!2020 Tattoo Trends: Here’s What You’ll See This YearWho’s The Best Car Manufacturer Of All Time?Who Is The Most Powerful Woman On Earth?Ever Thought Of Sleeping Next To Celebs? This Guy Will Show YouYou’ve Only Seen Such Colorful Hairdos In A Handful Of Anime8 Superfoods For Growing Hair Back And Stimulating Its GrowthWhat Happens To Your Brain When You Play Too Much Video Games?Which Country Is The Most Romantic In The World?The Very Last Bitcoin Will Be Mined Around 2140. Read More7 Universities In The World Where Education Costs Too Muchlast_img read more