Engineering Ventures PC,Engineering Ventures, Inc., based in Burlington, Vermont is pleased to announce the expansion of their operations into Saratoga Springs, New York. The new office, Engineering Ventures, P.C., located at 18 Division Street, will augment the services provided by the firm from their Burlington, Vermont and Lebanon, New Hampshire locations. The expansion is seen as a way to provide the same innovation and dedication to sustainable design, to New York clients from a closer location.Engineering Ventures is an experienced, consulting engineering firm operating and licensed throughout the Northeast. Select, qualified professionals and technicians provide a broad range of civil engineering services with specialties in structural and site engineering and planning. Serving private, public, commercial, municipal and institutional clients, Engineering Ventures also offers full service from Burlington, Vermont and Lebanon, New Hampshire.Currently the firm is working on various projects at GE Energy in Schenectady, New York, the Saratoga Race Track, and the High Peaks Intermunicipal Waterfront Revitalization for the communities of Keene, Jay, Wilmington, North Elba, and the village of Lake Placid. Recently completed projects include the rebuilt Lake Placid Lodge, Helen Hayes Day Care in Haverstraw, work at numerous Adirondack hospitals, many private residences in the Adirondack area including timber frame projects, great camps and boathouses, and various water and sewer projects for municipalities including the Towns of Peru and Westport.Engineering Ventures is dedicated to delivering well managed, quality engineering projects to clients through a close and personal service which is based on many years of reputable experience. The firm is committed to client involvement and satisfaction, and takes great pride in providing creative and cost effective solutions to engineering challenges.www.engineeringventures.com(link is external) ###
Source: The Investment Association The IA said: “One significant barrier to innovation at the moment is that DC decumulation is still in the very early stages. Although around half a million people reach retirement age each year, the median size of a DC pot at retirement is currently around £26,000 [€29,200], so asset managers developing specialist products for this market will need to take a long-term view and accept that it will be some years before this market is of substantial size and for many years the flows into these products may be minimal.”Despite the influence of DC, DB funds remained the most significant institutional segment. The IA reported £1.8trn in workplace DB assets, compared to £410bn in DC. Ruth Meade, senior research analyst, said mixed-asset default funds in DC schemes were a likely cause of the recent increase in flows into multi-asset strategies: 21% of all mandates awarded in 2016 were multi-asset, the IA’s data showed.There was scope for more DC-driven innovation in the post-retirement space, the IA said in its report. With individuals in the UK no longer required to buy an annuity in retirement, the association said there was “a gap in the market for products that were income-focused but offered some way of managing downside capital risk”. The rise of defined contribution (DC) and auto-enrolment is blurring the lines between institutional and retail investors, according to the Investment Association (IA).Presenting its 2016 annual survey of its members, the UK’s asset management trade body said new and growing DC schemes were classified as institutional investors for the IA’s purposes but often behaved more like retail investors because individual members bore the investment risk.Although the IA did not have specific concerns about these difficulties, Anastasia Petraki, head of research and statistics, said it was important to ensure equivalent governance standards for defined benefit (DB) and DC schemes. “We are seeing that with independent DC governance committees,” she said.In addition, the IA’s survey showed a growing trend towards multi-asset strategies, which the association also attributed in part to DC schemes. Elsewhere in the survey, the IA reported that assets in specialist environmental, social and governance (ESG) funds grew but remained steady as an overall proportion of industry assets (1.2%). However, Petraki explained that the IA’s methodology did not take into account asset managers’ membership of the UK’s Stewardship Code or other ESG-related bodies.
But the focus is likely to be on events overtaking the continent, including violence in Burundi over President Pierre Nkurunziza’s bid for a third term in office and the threat posed by Islamist militants.CCTV’s Girum Chala looks at the latest hiccups and expectations The 25th African Union summit is underway in Johannesburg, South Africa.The theme is Empowering women but discussions look set to be dominated by issues of peace and security.The continent’s heads of state will meet for two days in the upmarket business and retail district of Sandton under the official theme of the “Year of Women’s Empowerment and Development”.