Ford Motor Company is now in a position to compare the value of the pension provision across its more than 120 schemes in 36 countries after working with investment consultant Redington to develop a new analytics and scoring system.According to Redington, a key aim for the multinational company was to use the tool to provide a consistent analysis of the “retirement readiness” of its employees.It said a new digital platform had been developed that provides visualisation of how assets and costs are distributed across countries and schemes, with millions of data points collated for each pension scheme.In addition, a pension scoring system has been created that awards a score out of 100 to each of Ford’s pension schemes based on up to seven underlying factors, including investment performance, costs and charges, contribution rates and retirement outcomes. Ford has been added to Redington’s ADA fintech platform – named after Ada Lovelace, born in 1815 and described by some as one of the earliest computer programmers – as part of the launch of the new tool.“This project was a great example of thinking differently in pensions”Oliver Payne, EMEA pensions manager at FordOliver Payne, EMEA pensions manager at Ford, said: “This project was a great example of thinking differently in pensions.“The ADA system means we can move away from our traditional approach of collating and analysing pensions data on an individual project basis. We now have consistent, reliable data available for each project which means we can now be more proactive in the way we look at the costs and value of pension plans around the world.”Adam Jones, chief technology officer at Redington, said: “We are hugely excited to continue our work with Oliver and the team to explore how we can further develop the tool, and ensure Ford remains on the front foot when it comes to pensions analytics.”
RAVICHANDRAN Ashwin and Ravindra Jadeja’s unbeaten seventh-wicket partnership of 67 pushed India towards a first-innings lead over England in the third Test.England added just 15 runs to their overnight total before their first innings was brought to a close with 283 on the board, a total that India are now just 12 runs adrift of following day two in Mohali.India largely dominated proceedings and half-centuries from Cheteshwar Pujara (51) and captain Virat Kohli (62) had them past 150 with just three wickets down.Ajinkya Rahane (0) and Karun Nair (4) each went cheaply, though, and Kohli’s exit with 204 on board seemed set to be the key moment in an England turnaround.Ashwin (57 not out) and Jadeja (31no) had other plans, however, and steadied the ship to steer India to 271-6 at the close, as they seek to take a 2-0 lead in the five-match series.Adil Rashid (4) went in the second over of the day and, though James Anderson posted an unbeaten 13, England failed to surpass 300 – Mohammed Shami (3-63) dismissing Gareth Batty (1).Murali Vijay (12) and Parthiv Patel, playing in his first Test since 2008, put on 39 for the first wicket before Ben Stokes (2-48) had Vijay caught behind.Patel was unable to mark what had looked a promising return to the Test arena with a half-century as he was given out lbw at the hands of Rashid (3-81) on review for 42.But, in typical fashion, Kohli’s arrival at the crease tilted matters firmly in India’s favour.The India skipper continued his tremendous form from Visakhapatnam – where he scored 167 and 81 in the second Test – to combine with Pujara for a patient stand of 75.Pujara, who hit eight boundaries for his 51, was finally removed when Chris Woakes claimed a superb low catch.Two overs later Rashid had his third wicket of the day as Rahane lasted only six balls, with Nair then undone by a direct-hit run out by Jos Buttler.Stokes had been reprimanded by the ICC for an exchange he had with Kohli following his exit on day one and the all-rounder referenced that episode by covering his mouth after Kohli nicked his delivery behind to Jonny Bairstow.However, it was the batting of Ashwin and Jadeja (31 not out) that did the talking late in the day, the former hitting eight boundaries in 82 balls in a counter-attack that brought about his ninth Test fifty.(Omnisport).ENGLAND 1st innings (Overnight: 268-8)A. Cook c P. Patel b R. Ashwin 27H. Hameed c Rahane b U. Yadav 9J. Root lbw b Yadav 15M. Ali c Vijay b Shami 16J. Bairstow lbw b Yadav 89B. Stokes st P. Patel b Jadeja 29J. Buttler c Kohli b Jadeja 43C. Woakes b U. Yadav 25A. Rashid c P. Patel b Shami 4G. Batty lbw b Shami 1J. Anderson not out 13Extras (b-8 lb-3 nb-1) 12Total (all out, 93.5 overs) 283Fall of wickets: 1-32 H. Hameed,2-51 J. Root,3-51 A. Cook,4-87 M. Ali,5-144 B. Stokes,6-213 J. Buttler,7-258 J. Bairstow,8-266 C. Woakes,9-268 A. Rashid,10-283 G. BattyBowling: M. Shami 21.5 – 5 – 63 – 3, U. Yadav 16 – 4 – 58 – 2,J. Yadav 15 – 5 – 49 – 2, R. Ashwin 18 – 1 – 43 – 1, R. Jadeja 23 – 4 – 59 – 2(nb-1)INDIA 1st inningsM. Vijay c Bairstow b Stokes 12P. Patel lbw b Rashid 42C. Pujara c Woakes b Rashid 51V. Kohli c Bairstow b Stokes 62A. Rahane lbw b Rashid 0K. Nair run out (Buttler) 4R. Ashwin not out 57R. Jadeja not out 31Extras (b-8 lb-3 nb-1) 12Total (for 6 wickets, 84 overs) 271Fall of wickets: 1-39 M. Vijay,2-73 P. Patel,3-148 C. Pujara,4-152 A. Rahane,5-156 K. Nair,6-204 V. KohliTo bat: J. Yadav, M. Shami, U. YadavBowling: J. Anderson 16 – 3 – 36 – 0, C. Woakes 15 – 5 – 47 – 0,M. Ali 9 – 1 – 19 – 0(nb-1), A. Rashid 24 – 4 – 81 – 3,B. Stokes 15 – 2 – 48 – 2, G. Batty 5 – 0 – 29 – 0.
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