20th annual Byte Night announced

first_img Howard Lake | 4 May 2017 | News 20th annual Byte Night announced About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving. Action for Children has announced its 20th annual Byte Night sleep out, which will take place on 6 October 2017.The event sees staff, including CEOs, from the technology and other business sectors, together with celebrities, take part in a sponsored sleep-out, in the open, beneath the stars. This year it will take place in 10 locations across the UK.Over 20 years Byte Night has become “the UK’s largest corporate sleepout event”. It is also Action for Children’s flagship fundraising event, and one of the top 20 fundraising events in the UK.In 2016, £1.2 million was raised by over 1,200 sleepers. Since the first event 20 years, Byte Night has raised over £10 million.At this year’s launch guest speakers reported on the corporate, team-building and philanthropic benefits of taking part in the annual event.Ken DeeksKen Deeks, founder of Byte Night, said: “When we founded this event my concern about homelessness among young people was brought sharply into focus when I looked at my own family; the opportunities my children had as they were growing up and the stability they knew – this was in stark contrast to the experiences of many others their age from different circumstances.“I wanted to do something to help, and this idea took shape. There are quite a few corporate sleep outs these days but we are tremendously proud that Byte Night helped to start the trend all those years ago.”Sir Tony Hawkhead, Chief Executive of Action for Children, added: “It’s was a fantastic achievement to hit the £1 million mark again last year…“This year’s event is special, marking 20 years of Byte Night. It also celebrates the dedication and commitment of the founder, Ken Deeks, as well as all of the generous and dedicated people we have worked with over the years, it’s been a huge achievement.” AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis9  139 total views,  1 views todaycenter_img [youtube]https://www.youtube.com/watch?v=lscekbon5SM[/youtube]  140 total views,  2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis9 Tagged with: corporate Events WATCH: Byte Night | North East 2016 Advertisementlast_img read more

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UK defined benefit pension funds return 11% in 2014 – State Street

first_imgSSIA said a combination of disinvestment throughout the year, and underperformance relative to bonds, saw the average fund exposure to equities reach its lowest level ever, at 43%.Corporate pension schemes now hold an average of only 34% of their assets in equities, while local authority pension schemes still hold a commitment of just over 60% to shares.The commentary accompanying the figures said 2014 had been quite challenging for UK institutional investors, despite a generally improving global outlook.It said: “The year got off to a bumpy start, and equity markets stalled as concerns increased around the impact of conflict in the Middle East and Ukraine.“Conversely, bond markets performed steadily in the first part of the year before surging ahead in August, as increasing concerns about geopolitical risk, combined with the Bank of England’s reiteration that interest rates were to remain low for the foreseeable future, made UK Gilts particularly attractive for investors.”During 2014, UK index-linked bonds returned 20%, exceptional in a period where inflation appeared to be falling.UK Gilts also had an outstanding year, with the average fund returning 18% in this sector, well ahead of the FTSE All Stocks Index.This performance reflects the relatively high weighting among pension funds of longer-dated Gilts.The FTSE 15-Year Index returned a “remarkable” 26%.However, while the strong results from bonds were positive for the asset valuations of pension funds, they had the opposite effect on liabilities, as yields fell by almost one-third from this time last year.A late rally in 2014 meant UK equities just managed to produce a positive return of 1% for the year.Investor concern around contagion from the struggling euro-zone, coupled with uncertainty over the coming general election, reduced their appeal for investors.International equities, which now represent a higher proportion of the overall equity allocation of the average UK pension fund, performed substantially better, but, regionally, results varied.The US – which makes up 60% of most global equity allocations – performed very strongly.Markets reacted well to improved economic data and the development of fracking, which could see the US become self-sufficient in energy.The 19% return to sterling for the year also included a favourable dollar appreciation of 6% against sterling.Meanwhile, European equities were flat in 2014, with UK investors seeing a small negative return because of sterling’s continued appreciation against the euro.According to SSIA, most of the UK funds prefer to access equity markets on an active basis – i.e. seeking to outperform market indices, which they did on an overall basis over the year.In the UK, however, after four consecutive years of quite marked outperformance relative to the UK All-Share Index, the average fund tracked in line with the index return during 2014.Exposure to alternative assets remained broadly static at around 10% of the average fund portfolio, but SSIA said the mix was slowly changing, with infrastructure and diversified growth (multi-asset) products gaining traction.Turning to the property sector, the recovery that began in 2010 continued, with a 16% return for 2014.Property now makes up around 7.5% of the average fund, close to its highest-ever level, and three-quarters of all funds now have exposure to this asset. The UK’s defined benefit (DB) pension schemes returned an average of 11% in 2014, with the best-performing funds having a relatively high bond exposure, according to figures from State Street Investment Analytics (SSIA).Preliminary estimates for the SSIA UK Defined Benefit Pension Fund Universe suggest a third consecutive strong year in terms of asset performance.Jeanette Patrizio, senior vice-president at SSIA, said: “This latest year of positive results brings the five-year performance for UK pension funds to 9% per annum and the 10-year to 8% per annum, comfortably exceeding most actuaries’ assumptions for asset growth.”The universe is made up of 200 pension funds with aggregate assets of £510bn (€670bn), all of which use State Street services in some way.                                                                                                                                                                                                                              However, while a high equity allocation proved beneficial in the previous two years, during 2014 it was bonds that performed best.last_img read more

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