Before the change, auditing of the fund had also been the responsibility of Arion Bank, but from now on Frjálsi said it would entrust the internal audit of the fund to an auditing company. Arnaldur Loftsson, chief executive of Icelandic pension fund Frjálsi, has had his employment status changed as part of a move to distance the fund from its manager Arion Bank.The supervisory board of Frjálsi last week decided to make Loftsson an employee of the fund, rather than of the bank. The decision was taken in conjunction with Arion Bank, which has been managing the fund’s operations since 2008.The change is aimed at ensuring the pension fund’s independence from the bank, Frjálsi announced.The pension fund said that one reason behind the move towards its increased independence was to reduce the risk to its reputation that an operating arrangement with a bank could entail.
P16.5-M worth of aid provided for Taal Volcano eruption victims — NDRRMC “Bago mag-salita, tumulong na muna (Before they say something, they should help first),” said De Jesus, whose appointment to highly-criticized position was made official Friday night during the first day of the tryouts.De Jesus, though, is expecting criticisms to come his way, but he knows just to focus on the task at hand, which is to prepare the national team.FEATURED STORIESSPORTSGinebra beats Meralco again to capture PBA Governors’ Cup titleSPORTSAfter winning title, time for LA Tenorio to give back to Batangas folkSPORTSTim Cone, Ginebra set their sights on elusive All-Filipino crown“The critics will always be there. They can say what they want to say. But for me, we’re here because we want to fix the national team and welcome those who want to help,” said de Jesus, who admits to being out of the loop on social media.The multi-titled mentor wants Filipinos to make waves in all the competitions they will join in later this year, the 2018 Asian Games in August, and the 2018 AVC Asian Women’s Cup in September. View comments Nadine Lustre’s phone stolen in Brazil Sports Related Videospowered by AdSparcRead Next New national team head coach Ramil de Jesus. Photo by Tristan Tamayo/INQUIRER.netNew national women’s volleyball team coach Ramil de Jesus acknowledged that critics will always be present no matter how noble the cause is.That’s why he didn’t shy away from calling them out.ADVERTISEMENT LATEST STORIES But de Jesus is also looking beyond as he expects the Philippines to compete for the gold in the 2019 Southeast Asian Games here.“Our target by next year is to make it to the Finals,” he said. “But I can’t do that through magic. I need the support, not only from the players, but also from the team owners and the schools who want to help the national team.”The tryouts for the national team pool hit the ground running with eighteen of the 34 invitees showing up in the first day at Arellano Gym in Legarda.National team mainstay Alyssa Valdez and a slew of de Jesus’ former La Salle players like Ara Galang, Kim Fajardo, and Aby Maraño, and current wards like Dawn Macandili, Kim Dy, and Majoy Baron were all on hand.ADVERTISEMENT Scientists seek rare species survivors amid Australia flames Warriors ready for fresh start as they prepare to face Spurs Jo Koy draws ire for cutting through Cebu City traffic with ‘wang-wang’ Judy Ann’s 1st project for 2020 is giving her a ‘stomachache’ Truck driver killed in Davao del Sur road accident Jiro Manio arrested for stabbing man in Marikina Green group flags ‘overkill’ use of plastic banderitas in Manila Sto. Niño feast Carpio hits red carpet treatment for China Coast Guard PLAY LIST 02:14Carpio hits red carpet treatment for China Coast Guard02:56NCRPO pledges to donate P3.5 million to victims of Taal eruption00:56Heavy rain brings some relief in Australia02:37Calm moments allow Taal folks some respite03:23Negosyo sa Tagaytay City, bagsak sa pag-aalboroto ng Bulkang Taal01:13Christian Standhardinger wins PBA Best Player award Don’t miss out on the latest news and information. Lights inside SMX hall flicker as Duterte rants vs Ayala, Pangilinan anew MOST READ