The venerable Marco Benevento has released his 7-song live Woodstock Sessions EP via Royal Potato Family and Woodstock Sessions today. The session was recorded in one take at Applehead Recording studio in Woodstock, NY in front of a live audience. Benevento, along with bassist Karina Rykman and drummer Andy Borger, performed a set that spanned the keyboardist’s entire solo catalog.The set starts off with three songs from his most recent studio album, The Story of Fred Short, including “Dropkick,” which sounds like a 50’s pop rock tune that could be heard on an old-school diner jukebox over a cheeseburger and some soda pop. The 22-minute opus “The Story of Fred Short” is a futuristic indie-sounding number, cut into various sections, that bears witness to a wild build segment of jamming from the trio, before making its way into a dance-inspired finale.“Bus Ride” from 2008’s Invisible Baby makes an appearance in the set with some heavy synth work from Benevento on keys, showcasing his masterful skills. He beseeches the crowd to “Make some noise….now or never” as the group goes into the 2014 track “At The Show” from Swift; never a boring moment at a live Benevento show. “Greenpoint” from 2010’s Between The Needles & Nightfall brings the album to a resounding close, finding some beautiful interplay between each member of the group. As always, Benevento and company take you on an incredible journey, and the Woodstock Sessions EP is keeps in that tradition.The album is currently streaming in full on Spotify, and you can take a listen below:
In particular, the VAG’s application of paragraph 124, concerning investment principles, to IORPs had been criticised and remains unchanged in the final 360-page draft which will now be presented to parliament.It introduces the principle of “entrepreneurial prudence” (unternehmerische Vorsicht) for investments which according to aba was superfluous as IORPs already operated under the prudent person principle.Further, aba noted that IORPs were no enterprises and did not aim to return a profit.One major criticism voiced by the association was a limit on “non-listed” vehicles, which the law said should be “kept to a cautious level”.In its comment on the original draft the aba had cautioned that this would also apply to most real estate holdings and a cap on those would prevent IORPs from accessing illiquidity premiums in future.Similarly, the German actuarial society (DAV) as well as the federal employer association (BDA) warned not to link paragraph 124 to IORPs as it introduced stricter than necessary regulatory requirements regarding supervision and in parts was not consistent with other regulations applying to this sector.The aba pointed out the limitations under the new legal draft were not in line with the “prudent person principle” which should allow IORPs the freedom to make decisions.One point welcomed by the occupational pension sector were changes to payout structure of the Pensions-Sicherungs-Verein (PSV), the industry’s buffer fund for insolvencies.According to the final draft, the PSV would also be exempt from any new Solvency II-based capital requirements placed on other insurers. In addition, it will in future be more easy to allow partial payments of the levies in years when the number of insolvencies is exceptionally high.,WebsitesWe are not responsible for the content of external sitesLink to draft version of the Versicherungsaufsichtsgesetz The German government’s final draft of the new insurance supervision law (VAG) will impose elements of Solvency II on the country’s Pensionskassen and Pensionsfonds, despite objections by industry and employer bodies. The VAG had to be amended to fulfil requirements under Solvency II but occupational pension groups lamented that the insurance framework was, in part, being transferred onto schemes.The German pension fund association aba told IPE it had not yet had the chance to check the new draft in detail but at first glance it seemed that “unfortunately” a lot of its requests for amendments, made after the first draft was published in late July, went unheeded.One of the main demands of various representatives from the occupational pensions sector had been a completely independent set of rules on the supervision of IORPs – a demand which has not been met.
Related posts:More heavy rains over Costa Rica expected starting Thursday night More rains expected over Costa Rica starting Tuesday evening Emergency officials downgrade weather alert for Costa Rica’s Caribbean, northern regions Landslides block roads, cause losses at farms in Tilarán Costa Rica’s National Meteorological Institute (IMN) reported Monday that tropical wave number 15 arrived in the country during the evening and will increase rains overnight.The wave’s effects were recorded first in the Central Valley and the Caribbean region with heavy showers and electrical storms. Several Caribbean communities on Monday afternoon recorded rainfall levels up to 55 millimeters, according to meteorologists.Accumulated rainfall in San José and Heredia provinces surpassed 30 millimeters and an IMN station at the Juan Santamaría International Airport in Alajuela reported 33 millimeters during the evening.The tropical wave also is expected to cause cloudy conditions and intermittent showers throughout most the country in coming days, but mainly it will increase rains over the Central and southern Pacific regions.According to IMN forecasts, these regions will register rainfall accumulations up to 40 millimeters, “and even larger amounts in some communities.”Heavy rains also are expected in the mountainous areas of the Caribbean region and in the northern zone, with rainfall levels ranging between 20 and 40 millimeters.High temperatures will be recorded along the Pacific coastline during the mornings throughout the week, while cloudy skies will be constant at the Caribbean and Northern zone most of the days.Trade winds are expected to increase this coming weekend throughout the country and this situation likely will increase rains over most of the Caribbean region.IMN recommended caution in areas prone to flooding, and warned drivers to exercise safe driving as foggy conditions in mountainous areas will reduce visibility on roads in Limón and in cantons in the northern region. Facebook Comments