Raul Sanllehi explains why Arsenal are sending William Saliba back to Saint-Etienne

first_imgAdvertisement ‘We are pleased about that because the level of intensity and the level of demand in the Premier League is very strong.‘He’s probably too young for that yet, as I said, we need to protect our young talent.‘We think it will be good for him to be in a less demanding league to continue his formative period, so we’ll have a top defender for a decade.‘He saw for his career path, the perfect solution for him.’More: Arsenal FCArsenal flop Denis Suarez delivers verdict on Thomas Partey and Lucas Torreira movesThomas Partey debut? Ian Wright picks his Arsenal starting XI vs Manchester CityArsene Wenger explains why Mikel Arteta is ‘lucky’ to be managing Arsenal Comment Metro Sport ReporterFriday 26 Jul 2019 3:55 pmShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link70Shares Advertisement Raul Sanllehi explains why Arsenal are sending William Saliba back to Saint-Etienne Arsenal have confirmed the £27million signing of William Saliba from Saint-Etienne (Picture: Getty)Raul Sanllehi fears William Saliba is not ready to withstand the physical demands of the Premier League and sending him back to Saint-Etienne for a year represents a logical step.Arsenal confirmed the signing of the teenage French centre-half on Thursday, but he will immediately return to the Ligue 1 side for the entirety of the upcoming season, despite Unai Emery’s desperate need for defensive reinforcements.The Gunners saw off competition from the likes of Tottenham for one of the most highly-rated central defenders in Europe and Sanllehi is confident he will be more than worth the wait.He said: ‘Saliba was different, part of the deal is for him to be on loan for one year with his club.AdvertisementAdvertisementADVERTISEMENTMore: FootballRio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starChelsea defender Fikayo Tomori reveals why he made U-turn over transfer deadline day moveMikel Arteta rates Thomas Partey’s chances of making his Arsenal debut vs Man City✈️ In the plane🚖 On the road📸 Getting the shots🔴 In club coloursJoin us as we take you behind the scenes of William Saliba’s journey to Arsenal and his signing day🇫🇷 #SalibaSigns— Arsenal (@Arsenal) July 26, 2019last_img read more

Dutch pension funds request DNB permission to increase risk profile

first_imgThis year, Dutch schemes with funding levels between the minimum required coverage and the prescribed financial reserves have the one-off option to change their risk profile, as part of the transition to the new financial assessment framework (nFTK).According to Boertje, one-third of the pension funds are, in principle, entitled to file a request for such an adjustment.Another one-third of the schemes do not qualify because their funding is too low, which would increase the risk of a rights discount, Boertje said.The remaining pension funds with “surplus” coverage do not need to ask for permission, as they already have more leeway to invest, he added.Boertje said both small and large pension funds – as well as schemes with predominantly older and predominantly younger participants – had filed requests to increase of their risk profiles.He pointed out that most pension funds, wishing to avoid cuts to pension arrangements, were looking for solutions to low interest rates within the “triangle” of the pension target, internal finances and risk profile.“Because the steering mechanism of the pension contribution no longer works, adjusting the risk profile is the only remaining option,” he said.“However, it also increases the chances of setbacks.”Boertje stressed that the regulator had no desire to assume the responsibilities of pension funds’ boards, but he made clear that they must be able to illustrate how they had taken the interests of all participants into account.He added that the regulator also wanted to know how far, in the schemes’ opinion, interest rates had to increase in order to make a reduction of their interest hedge meaningful.Boertje said those pension funds that wished to reduce their interest hedge while raising their equity allocation would be asked which scenarios they had in mind.“They expect both interest rates to rise and equity markets to improve, while a rate increase often negatively affects stock markets,” he said.  Boertje said DNB also wanted to know whether a board had made the request as a tactical or as a strategic policy measure. The Dutch pensions regulator, De Nederlandsche Bank (DNB), has confirmed that more than 30 pension funds have made formal requests to raise the risk profiles of their investment portfolios.Speaking at a conference organised by IPE sister publication Pensioen Pro, Bert Boertje, supervisory director for pension funds at DNB, said the schemes requested permission to decrease the interest hedge on their liabilities, increase their equity exposure or apply a combination of the two. “We are still busy assessing the requests,” Boertje said.“If schemes don’t have a plausible explanation, we will get back to them with additional questions.”last_img read more