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Bill Campbell named executive director of Forma

first_img Remember Holy Land Christians on Jerusalem Sunday, June 20 American Friends of the Episcopal Diocese of Jerusalem Curate Diocese of Nebraska This Summer’s Anti-Racism Training Online Course (Diocese of New Jersey) June 18-July 16 Submit a Press Release Associate Rector for Family Ministries Anchorage, AK In-person Retreat: Thanksgiving Trinity Retreat Center (West Cornwall, CT) Nov. 24-28 Posted Jul 5, 2016 Rector Hopkinsville, KY Inaugural Diocesan Feast Day Celebrating Juneteenth San Francisco, CA (and livestream) June 19 @ 2 p.m. PT Featured Events Rector/Priest in Charge (PT) Lisbon, ME The Church Pension Fund Invests $20 Million in Impact Investment Fund Designed to Preserve Workforce Housing Communities Nationwide Church Pension Group Virtual Celebration of the Jerusalem Princess Basma Center Zoom Conversation June 19 @ 12 p.m. ET Cathedral Dean Boise, ID Rector Smithfield, NC Rector Washington, DC Rector (FT or PT) Indian River, MI People Following a nationwide search, the Forma board has selected Bill Campbell as its first executive director.Forma is a 19-year-old association of full-time, part-time and volunteer formation leaders, lay and ordained ministers who share resources, advocate for lifelong formation and support one another in ministry. First incorporated under the name NAECED (the National Association for Episcopal Christian Education Directors) in 2012, the association was re-named Forma to reflect its growth to nearly 400 members who represent broad ministries from parishes, dioceses, camp and conference centers, seminaries, resource centers, chaplaincies, and publishers serving children, youth, and adults in their life in Christ.Campbell has been director of the Annual Fund at Virginia Theological Seminary in Alexandria since January 2013. Prior to that, he served five years as the director of religious education at St. Paul’s Episcopal Church in Alexandria. During his time at St. Paul’s, Campbell was an active member of NAECED.On his new role with Forma, Campbell said, “I am excited to accept this call at such an amazing time in Forma’s history. The mission of Forma has never been so vital to the future of the Episcopal Church, and I look forward to helping make Forma’s goals come to fruition.”“We are thrilled Bill will be leading the board, working groups and membership in the next phases of its 20-year history,” said Jamie Martin-Currie, Forma president. “His formation experience, commitment to the Gospel and vocation at VTS are an amazing fit for Forma.”Campbell will begin his position on Aug. 1. The Church Investment Group Commends the Taskforce on the Theology of Money on its report, The Theology of Money and Investing as Doing Theology Church Investment Group Join the Episcopal Diocese of Texas in Celebrating the Pauli Murray Feast Online Worship Service June 27 Ya no son extranjeros: Un diálogo acerca de inmigración Una conversación de Zoom June 22 @ 7 p.m. ET TryTank Experimental Lab and York St. John University of England Launch Survey to Study the Impact of Covid-19 on the Episcopal Church TryTank Experimental Lab Priest Associate or Director of Adult Ministries Greenville, SC Assistant/Associate Rector Washington, DC Featured Jobs & Calls Canon for Family Ministry Jackson, MS Submit a Job Listing Rector Pittsburgh, PA Rector Belleville, IL Missioner for Disaster Resilience Sacramento, CA Rector and Chaplain Eugene, OR Rector Knoxville, TN Curate (Associate & Priest-in-Charge) Traverse City, MI Director of Music Morristown, NJ Episcopal Charities of the Diocese of New York Hires Reverend Kevin W. VanHook, II as Executive Director Episcopal Charities of the Diocese of New York Rector Bath, NC Rector Shreveport, LA Tags Bishop Diocesan Springfield, IL Assistant/Associate Priest Scottsdale, AZ Course Director Jerusalem, Israel AddThis Sharing ButtonsShare to PrintFriendlyPrintFriendlyShare to FacebookFacebookShare to TwitterTwitterShare to EmailEmailShare to MoreAddThis An Evening with Presiding Bishop Curry and Iconographer Kelly Latimore Episcopal Migration Ministries via Zoom June 23 @ 6 p.m. ET Family Ministry Coordinator Baton Rouge, LA Associate Rector Columbus, GA New Berrigan Book With Episcopal Roots Cascade Books Assistant/Associate Rector Morristown, NJ Episcopal Migration Ministries’ Virtual Prayer Vigil for World Refugee Day Facebook Live Prayer Vigil June 20 @ 7 p.m. ET Rector Martinsville, VA Bill Campbell named executive director of Forma Priest-in-Charge Lebanon, OH Associate Priest for Pastoral Care New York, NY Submit an Event Listing Youth Minister Lorton, VA Rector Tampa, FL Director of Administration & Finance Atlanta, GA Seminary of the Southwest announces appointment of two new full time faculty members Seminary of the Southwest Press Release Service Rector Collierville, TN Rector Albany, NYlast_img read more

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XL Axiata sales towers to improve efficiency, reduce costs

first_imgFollowing the sales, Adlan said the company would continue to use the towers by leasing it back from the buyers for 10 years. Such a move would help the company save and increase its efficiency significantly in the long run.By selling the towers, the publicly listed company could also reduce its operational costs and the risks that might come from the towers.“This way, we don’t have to spend money on the towers’ maintenance, land lease, licensing and pay compensation to the communities around them,” he explained, adding that with the sales of the towers, the company could focus on the telecommunication service.Adlan said the company planned to use proceeds from the towers’ sales to support this year’s capital expenditure and working capital. A similar move was also made by publicly listed telecommunication provider Indosat last October, during which it sold 3,100 telecommunication towers for Rp 6.39 trillion to PT Dayamitra Telekomunikasi (Mitratel) and Protelindo.Indosat’s chief executive officer, Ahmad al-Neama, said the sales would allow the company to accelerate the implementation of its strategy and continue to ensure the best experience for its customers.Meanwhile, XL Axiata’s president director Dian Siswarini said the company had allocated Rp 7.5 trillion in capex this year. Around 80 percent of the allocation will be used to expand its telecommunication network, specifically its 4G network, so that 95 percent of the population could be covered by the service.She said the company would focus on expanding to certain cities and regencies, especially outside of Java, that had good business prospects.“The expansion will be carried out to cities and regencies that can give a return on investment in three to four years,” said Dian. The company’s group head of technology strategy and architecture, I Gede Darmayusa, said it would also expand its fiber optic network in the country’s main cities to increase mobile data capacity.This year, the company planned to expand its fiber optic network to 100 cities both in Java and outside of the island, he said. The expansion would increase its fiber optic network coverage to 70 percent, covering 300 cities. “This will help us encourage digital connectivity among our customers,” he said.Dian also said the company planned to use artificial intelligence and machine learning to personalize mobile data packages. The strategy was expected improve service and increase  sales.“Hopefully with such a strategy , our financial performance will be better than the overall industry,” sheThe company booked a 15 percent year-on-year (yoy) increase in revenue to Rp 25.15 trillion in 2019 and a 17 percent yoy increase in earnings before interest, tax, depreciation and amortization to Rp 9.97 trillion. After months of negotiations,  telecommunication firm XL Axiata has agreed to sell its 2,782 telecommunication towers to two local companies and plans to use the proceeds to expand its 4G coverage, as well as to improve its mobile data network quality.XL Axiata finance director M. Adlan bin Ahmad Tajudin said in Jakarta on Wednesday that 1,728 towers had been sold to PT Profesional Telekomunikasi Indonesia (Protelindo) and 1,054 towers to PT Centratama Telekomunikasi Indonesia.The agreement on the sale of the towers was signed in Jakarta on Feb. 7.  “We will raise Rp 4.05 trillion (US$ 296.55 million) from the sales and expect to close the deal by the end of the first quarter,” he said during a press briefing event in Jakarta.center_img Topics :last_img read more

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TPR’s new DC code ‘a huge boost’ for responsible investment

first_imgThe UK’s pension regulator (TPR) has released a revised code of practice, and supporting guides, for trustees of defined contribution (DC) pension schemes, with its guidance on the consideration of environmental, social and governance (ESG) factors one of the aspects welcomed.The new code is effective as of today and is aimed at trustees of occupational trust-based schemes that offer some form of money purchase benefits. There were around 36,000 in the UK as at March 2016, including hybrid schemes, TPR noted.Andrew Warwick-Thompson, executive director for regulatory policy at the regulator, said: “Millions of people are being auto-enrolled into DC pensions, so it’s essential that schemes are being managed to a high standard. “In revising the code, we have responded to calls from the pensions industry to shorten and simplify it, with an increased focus on legislative requirements.” The release of the code comes after the regulator launched a wide-ranging consultation on trustee standards and governance, and suggested “sub-standard” pension funds should be forced to merge with others.The code sets out the standards TPR expects trustees to meet when complying with the law, with accompanying guides providing information on how these can be met in practice.The new code was put before Parliament in May after a consultation.It updates the code from 2013 to reflect recent legislation, including 2015 regulations on charges and governance for occupational pension schemes, TPR’s experience in regulating DC schemes, and evolved market practice.The code is set out in six sections, addressing areas such as scheme management skills, investment governance and “value for members”.Responsible investment organisations welcomed TPR’s comments on how ESG factors should be taken into account as part of investment governance.ESG campaign organisation ShareAction said the code and supporting guides improved guidance for trustees on ESG, while the UK Sustainable Investment and Finance Association (UKSIF) said TPR’s important clarification was a “huge boost for responsible investment in the UK”.  In the code itself, TPR states that, “when setting investment strategies, we expect trustee boards to take account of risks affecting the long-term financial sustainability of the investments”.The accompanying guide elaborates on this and other aspects of investment governance, such as fiduciary management.It summarises the Law Commission’s guidance on how trustees should consider financial and non-financial factors, and gives examples of risks that could affect DC schemes’ investments over the long term, such as those relating to climate change or “unsustainable” business practices.In this guide, TPR states: “You should bear in mind that most investments in DC schemes are long term and are therefore exposed to the longer-term financial risks.”UKSIF said the regulator’s guidance “represents the first time the Law Commission’s review has been reflected in regulation or legislation since it was published in 2014”.In November last year, the UK government decided against changing the law on trustees’ fiduciary duties following the Law Commission’s suggestions the year before.Rachel Howarth, policy officer at ShareAction, said TPR’s decision to include the guidance was “extremely encouraging”.“The guidance for pension trustees is clear,” she added. “They have a mandate to consider all risks that could affect the financial performance of their funds, and this includes ESG risks.”Care urged on fiduciary managementOther industry experts highlighted the importance the updated code places on investment governance and administration, or seeking legal advice, particularly in investment matters.Rona Train, partner at Hyman Robertson, drew attention to the regulator’s guidance on fiduciary management, saying it suggested it was “keen to head off similar issues in the DC world to those we have seen in DB”, where many trustees have appointed their existing investment consultant as the fiduciary manager without considering other providers.In its guide supporting the section in the code on investment governance, the regulator said: “Note that the skills a successful investment consultant needs are not exactly the same as those a successful fiduciary manager needs.”It also flagged the potential for conflicts of interest of the various parties involved in choosing a fiduciary manager, including the existing investment consultant and third-party advisers.Hymans Robertson commented on the regulator’s guidance on trustees’ legal requirement to assess “value for members”, arguing that wider industry comparisons were needed to help them do this effectively.Train noted that TPR had called on large schemes to “use information-sharing through their consultants and professional trustees as one way of assessing value”.,WebsitesWe are not responsible for the content of external sitesLink to TPR 2015 code of practice for occupational trust-based DC 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