4 Jun

€1.5million research project at UL

first_imgRELATED ARTICLESMORE FROM AUTHOR NewsEducationHealth€1.5million research project at ULBy Guest Writer – November 7, 2013 947 University of Limerick research identifies secrets of Fantasy Premier League success TAGSHealth Economics ProfessorJohn ForbesMusic LimerickUniversity of Limerick Facebook Advertisement University of Limerick ceases funding for off-campus Garda COVID-patrols after sanctioning students following massive street party Previous articleShane figures to be removedNext articleFrom Brazil to Limerick Institute of Technology Guest Writerhttp://www.limerickpost.ie LEADING health economist, John Forbes has been appointed h as professor of health economics at the University of Limerick and will lead a €1.5 million programme of research into the economics of personalised health.A member of the American Economic Association and the Royal Economic Society, Prof Forbes’ appointment has been supported by the Health Research Board (HRB). According to Prof Forbes this research programme will develop and apply better ways of assessing the health and economic consequences of new and existing health technologies where personalised care is feasible and desirable.Sign up for the weekly Limerick Post newsletter Sign Up Explaining the significance of an economic perspective on personalised health, Prof Forbes commented: “Advances in science have increased the prospect of diagnosing, treating and preventing illness in a more personal way. Improved understanding of how individuals may benefit from tailored therapies will permit a better match and more informed choice by users and health care professionals. Opportunities to design and deliver better services that are sensitive to the needs of particular groups are widespread.”“The economic and health issues are genuine and deserve the application of modern methods used by economists to determine ways of improving health and welfare in Ireland. This research will aim to strengthen public interest in personalised health so that the positive effects of investing in these innovative approaches will be shared more wisely and fairly for everyone,” he said.Vice President of Research at UL, Dr Mary Shire welcomed the announcement of Prof Forbes’ appointment. “Now more than ever as a society we appreciate the need for, but also the costs of, the provision of innovative health technologies. Prof Forbes brings a very relevant skill set that will enhance our understanding of the economics of making these innovate and potentially lifesaving technologies available to patients. His appointment will support the university’s commitment to enhancing the health service provision in Ireland.”Prof Michael Larvin, Head of the Graduate Entry Medical School at UL also welcomed Prof Forbes’ appointment; “Health Economics has recently taken on greater importance, given the rising trend towards more effective personalised healthcare as well as the planned reorganisation of Irish health services. I am certain that Professor Forbes will make a tremendous contribution to health service research across UL and our HSE partners, as well as more widely. We are extremely fortunate to have attracted a researcher of such calibre and experience to the University.” Limerick nurse helping the fight against COVID-19, calls for round the clock garda patrols near University of Limerick following “out of control” student parties center_img Twitter Decision on FIBA European Championships in Limerick to be made in May Print Ann & Steve Talk Stuff | Episode 44 | Immersive Software Engineering Linkedin Email Gardai make arrests following chaotic student party near University of Limerick WhatsApplast_img read more

29 Sep

AP3 says buffer fund overhaul could hurt current, future pensions

first_imgSince 2009, four of the national buffer funds – AP1, AP2, AP3 and AP4 – had paid out nearly SEK90bn (€9.8bn) to close the gap between contributions and payments in the mandatory pay-as-you-go pension system, she said.“Seen against that background, we find it difficult to understand that the Pensions Group has proposed such wide-ranging changes to the current system of AP funds,” Hessius said.She acknowledged that the system did need to be reviewed from time to time.“But we are concerned the recommendations will have a negative impact on both current and future pensions,” she said.In March this year, the cross-party Pension Group decided to accept many of the recommendations from the 2012 inquiry into the buffer fund system chaired by Mats Langensjö, and close two of the five funds concerned – AP1 to AP4 and AP6.The overhaul encompasses the investment strategy and governance structures of the funds.A further review is being carried out to help decide which two funds will be wound up.AP3 said in its interim report that it had generated an average annual return of 8.2% over the last five years, measured at the end of June – compared with 8.5% at the same point last year – and 6.4%, compared with 6%, over the last 10 years. This, said AP3, compared with annual increases of 1.6% and 2.5% in the income index over these periods.In the January-to-June period, AP3’s profit rose to SEK16.57bn from SEK12.46bn, or 6.5% after expenses, up from 5.4% in the same period last year, the pension fund said.Fund capital climbed to SEK14.1bn between January and June to SEK272.58bn, it said, with SEK2.47bn having been transferred to the Swedish Pensions Agency during the period.AP3 said it cut its equity exposure in the first six months of the year to 49% from 52.6%, reallocating funds mainly to fixed income as well as to property, infrastructure and risk premium strategies.It said it was continuing to diversify the portfolio to make it more robust.Fixed income exposure rose 8.6 percentage points to 22.7% in the first half, reflecting “a cautious investment approach in the light of asset valuations, risk appetite and our assessment of macroeconomic conditions”. Sweden’s third national pensions buffer fund AP3 has criticised the government’s decision to whittle down the buffer fund system to just three funds, citing its own returns record.Releasing financial figures for the first half of this year, AP3’s chief executive Kerstin Hessius said: “Our asset management strategy has worked well, resulting in high returns and low costs compared with similar pension funds at international level and a doubling of fund capital since inception in 2001.”She added: “We have made a strong contribution to the financing of the pension system by generating returns that have grown faster than the income index.”The income index is a Swedish indicator used to keep pensions in line with inflation. last_img read more