Palu included in Australia team



DUBAI // The Australian coach Robbie Deans has signalled his intentions ahead of Saturday's opening Test against New Zealand by reshuffling his back row. With Australia's four-match unbeaten run on the line in the pivotal Auckland clash, Deans has recalled bulky No 8 Wycliff Palu. The Wallabies coach has dropped Dean Mumm for the bone-crunching away game, while Richard Brown switches to flanker to accommodate Palu's return. Historically, Auckland's Eden Park is an All Blacks fortress. The hosts have won their last 10 trans-Tasman Tests at the ground and haven't been defeated there since France's 23-20 win in 1994. It is a bullish run of 20 matches, including Australia's humiliating 39-10 defeat in last year's corresponding fixture. While that hiding is firmly entrenched in his mind, Deans is not looking at records and simply wants his players to give an honest account of their ability in their toughest Tri-Nations fixture. "We were simply not good enough last year and got found out in a big way," he said. "Returning to the same venue offers us an opportunity to see how much progress we have made as a group. "The relative consistency in our selection reflects that progress, but no one is getting ahead of themselves," Deans added. After breaking two bones in his hand during a Super 14 match earlier this year, a fully-recovered Palu is relishing his recall. "It's a big opportunity for me and a good game to come back to. I couldn't wish for anything more," he said. While claiming the Bledisloe Cup provides extra incentive to both teams, Saturday's game will also see openside flanker George Smith celebrate a landmark 100th Test match. "It's an outstanding achievement and hopefully we can do the occasion justice as a team," said Deans. A depleted New Zealand recently slipped to a 22-27 home defeat to France, but Deans cited the return of backrowers Richie McCaw and Rodney So'oialo as evidence the All Blacks won't be under strength. emegson@thenational.ae

"It's a big opportunity for me and it's a good game to come to back to against the All Blacks ? I couldn't wish for anything more," Palu said. "Definitely physically these All Blacks Tests are always pretty tough but the mental side's going to get us the edge and that's something I'm definitely ready for." Deans is equally confident Palu won't let the side down in the pivotal clash. "No we're not concerned but we'll just respond to how it unfolds on the day," he said when asked if Palu's lack of match fitness is a worry. "We've obviously got a lot of fresh, keen blokes on the bench as well who are more than able to step up should they be required."

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Retirement funds heavily invested in equities at a risky time

Pension funds in growing economies in Asia, Latin America and the Middle East have a sharply higher percentage of assets parked in stocks, just at a time when trade tensions threaten to derail markets.

Retirement money managers in 14 geographies now allocate 40 per cent of their assets to equities, an 8 percentage-point climb over the past five years, according to a Mercer survey released last week that canvassed government, corporate and mandatory pension funds with almost $5 trillion in assets under management. That compares with about 25 per cent for pension funds in Europe.

The escalating trade spat between the US and China has heightened fears that stocks are ripe for a downturn. With tensions mounting and outcomes driven more by politics than economics, the S&P 500 Index will be on course for a “full-scale bear market” without Federal Reserve interest-rate cuts, Citigroup’s global macro strategy team said earlier this week.

The increased allocation to equities by growth-market pension funds has come at the expense of fixed-income investments, which declined 11 percentage points over the five years, according to the survey.

Hong Kong funds have the highest exposure to equities at 66 per cent, although that’s been relatively stable over the period. Japan’s equity allocation jumped 13 percentage points while South Korea’s increased 8 percentage points.

The money managers are also directing a higher portion of their funds to assets outside of their home countries. On average, foreign stocks now account for 49 per cent of respondents’ equity investments, 4 percentage points higher than five years ago, while foreign fixed-income exposure climbed 7 percentage points to 23 per cent. Funds in Japan, South Korea, Malaysia and Taiwan are among those seeking greater diversification in stocks and fixed income.

• Bloomberg

UAE athletes heading to Paris 2024

Equestrian

Abdullah Humaid Al Muhairi, Abdullah Al Marri, Omar Al Marzooqi, Salem Al Suwaidi, and Ali Al Karbi (four to be selected).

Judo
Men: Narmandakh Bayanmunkh (66kg), Nugzari Tatalashvili (81kg), Aram Grigorian (90kg), Dzhafar Kostoev (100kg), Magomedomar Magomedomarov (+100kg); women's Khorloodoi Bishrelt (52kg).

Cycling
Safia Al Sayegh (women's road race).

Swimming

Men: Yousef Rashid Al Matroushi (100m freestyle); women: Maha Abdullah Al Shehi (200m freestyle).

Athletics

Maryam Mohammed Al Farsi (women's 100 metres).

The Killer

Director: David Fincher

Stars: Michael Fassbender, Tilda Swinton, Charles Parnell

Rating: 4/5 

Syria squad

Goalkeepers: Ibrahim Alma, Mahmoud Al Youssef, Ahmad Madania.
Defenders: Ahmad Al Salih, Moayad Ajan, Jehad Al Baour, Omar Midani, Amro Jenyat, Hussein Jwayed, Nadim Sabagh, Abdul Malek Anezan.
Midfielders: Mahmoud Al Mawas, Mohammed Osman, Osama Omari, Tamer Haj Mohamad, Ahmad Ashkar, Youssef Kalfa, Zaher Midani, Khaled Al Mobayed, Fahd Youssef.
Forwards: Omar Khribin, Omar Al Somah, Mardik Mardikian.

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Term life insurance: this is the cheapest and most-popular form of life cover. You pay a regular monthly premium for a pre-agreed period, typically anything between five and 25 years, or possibly longer. If you die within that time, the policy will pay a cash lump sum, which is typically tax-free even outside the UAE. If you die after the policy ends, you do not get anything in return. There is no cash-in value at any time. Once you stop paying premiums, cover stops.

Whole-of-life insurance: as its name suggests, this type of life cover is designed to run for the rest of your life. You pay regular monthly premiums and in return, get a guaranteed cash lump sum whenever you die. As a result, premiums are typically much higher than one term life insurance, although they do not usually increase with age. In some cases, you have to keep up premiums for as long as you live, although there may be a cut-off period, say, at age 80 but it can go as high as 95. There are penalties if you don’t last the course and you may get a lot less than you paid in.

Critical illness cover: this pays a cash lump sum if you suffer from a serious illness such as cancer, heart disease or stroke. Some policies cover as many as 50 different illnesses, although cancer triggers by far the most claims. The payout is designed to cover major financial responsibilities such as a mortgage or children’s education fees if you fall ill and are unable to work. It is cost effective to combine it with life insurance, with the policy paying out once if you either die or suffer a serious illness.

Income protection: this pays a replacement income if you fall ill and are unable to continue working. On the best policies, this will continue either until you recover, or reach retirement age. Unlike critical illness cover, policies will typically pay out for stress and musculoskeletal problems such as back trouble.


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