Barcelona agrees transport authority

first_imgON NOVEMBER 4 the Catalan regional government, Ministry of Development, Barcelona council and local transport operator EMT signed an agreement to create a new metropolitan transport authority for the greater Barcelona area. When new legislation is in place, Autoridad del Transporte Metropolitano will be responsible for investment; the current contract plans agreed with central government expire in 1998.During 1997 ATM will develop its own infrastructure investment strategies, monitor progress with existing works, and define future funding mechanisms. It will have jurisdiction over the Barcelona metro, Catalunya Railways (FGC) and local buses, and hopes to develop a common fares structure. At first ATM will not have control of Renfe suburban routes, but it is hoped to integrate these in due course. olast_img read more

‘Fresh thinking in pensions’ leads to new worldwide analytics tool

first_imgFord 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.”last_img read more