MN – the €90bn asset manager and pensions provider for the Dutch metal schemes PMT and PME, as well as the pension fund for the merchant navy (Koopvaardij) – is to adjust its governance structure to improve its “battle-readiness” and “clarify its profile”.Until now, the social partners of employers and workers owned 95% of MN.In the new set-up, this stake is to be equally shared with both metal schemes, while Koopvaardij will keep its 5% stake.In a joint statement, the parties said the new structure was meant to improve the schemes’ involvement in MN’s strategic direction and governance. The metal schemes and MN have also defined the products and services MN is to offer, its target markets and where the decisions for assignments will be taken, particularly on pensions policy, administration, asset management, insurance and social arrangements.PMT, PME and MN stressed that the principle that MN was a company for the social partners would remain unchanged.They added that the strategic focus would remain on clients linked to the metal industry and the maritime sector, with benefits of scale, knowledge-sharing and cost-cutting being the chief aims.However, they noted that the provider could also target other players, if the existing clients agreed.Michiel Cleij, spokesman at MN, said: “The new structure is to offer shorter links, which should improve cooperation, to enable MN to act more decisively on challenges in the sector.”He pointed out that the changes at MN had been triggered by developments in the market, such as ongoing consolidation among pension funds, as well as continuing adjustments to the Dutch pensions system.In 2001, MN was one of the first pension providers to become independent from its pension fund, the metal scheme PMT.The three parties stressed that MN would remain an independent entity, and keep its own responsibilities as a pensions provider.Currently, in the UK, MN has seven clients and £2.5bn (€3bn) in assets under fiduciary management.
Barcelona are reportedly considering an ambitious player exchange deal for Tottenham midfielder Tanguy Ndombele this summer.Advertisement Loading… Read Also: UEFA open to seasons ending early due to COVID-19Brazilian international Arthur has also been mentioned in a potential transfer, but the former Gremio schemer wants to stay in Spain.Ndombele joined Spurs for a club record £54M deal last summer, but he has struggled to make an impact, with just 12 league starts for Jose Mourinho’s side.FacebookTwitterWhatsAppEmail分享 Any possible deal could depend on the Premier League side sourcing a replacement, with Valencia’s Geoffrey Kondogbia linked with a switch to North London.However, reports from Sky Sports claim Setien could offer Nelson Semedo or Samuel Umtiti as part of a swap deal for Ndombele.Both players have been rumoured to be on their way out of the Camp Nou in the coming months, with Setien open to a deal. The Catalans have been linked with a move for the former Lyon player, as Quique Setien looks to bolster his options for 2020-21. Promoted ContentTop Tastiest Foods From All Over The World5 Of The World’s Most Unique Theme ParksWhich Country Is The Most Romantic In The World?Best & Worst Celebrity Endorsed Games Ever MadeWhat Happens To Your Brain When You Play Too Much Video Games?Couples Who Celebrated Their Union In A Unique, Unforgettable WayThe Very Last Bitcoin Will Be Mined Around 2140. Read MoreBirds Enjoy Living In A Gallery Space Created For ThemWho Earns More Than Ronaldo?12 Countries With Higest Technology In The World7 Black Hole Facts That Will Change Your View Of The UniverseThe Highest Paid Football Players In The World
Championship clubs met this week to discuss the planned rise in payments for next season from £16million to £23m, with concerns expressed that it was unfair on those clubs not receiving a ‘parachute’ – they will only receive £2.3m. Scudamore pointed to the fact that of all the clubs promoted in the last 15 years, 60 per cent had not been receiving parachutes. He said: “It’s nothing new – there have been those concerns from the day the parachute system was introduced. What we did three years ago in extending the period to four years was potentially giving 12 Championship clubs parachutes. That is better for the Football League and not worse because it means more clubs have got substantial amounts of money.” He added: “Looking at the league tables now we are probably going to be giving away 10 if not 11 parachutes next year. “We never envisaged that because we thought more clubs would bounce back, but the reality is over 15 years 60 per cent of the clubs that come up are non-parachute benefiting clubs. “While I hear the angst and can understand it because it is mathematically true, in practice look at the league table this year and it doesn’t look like any of the clubs who have come down with a large parachute are going to come straight back up. Bolton have a chance but the other two aren’t going to be anywhere near.” Speaking at the launch of ‘Creating Chances’, the Premier League’s annual report of its work in communities, Scudamore said it was vital the top-flight clubs kept in touch with their roots. He added: “It’s essential we carry on doing the work and it’s imperative we communicate it. “We set up the Premier League to be a very, very good football competition and that’s our main focus but our community work is very close behind it. “This is £45m of £190m we give away outside of the league generally. Clubs are rooted in their communities and they have a power that politicians, local authorities and the police don’t have.” Press Association Premier League chief executive Richard Scudamore understands anxieties over a proposed increase in parachute payments for relegated clubs but claims the evidence shows the system is fair.