Pension funds, actuaries dismiss UK government concern over DB transfers

first_imgWith UK schemes being vast owners of government debt, as well as corporate bonds, any need for trustees to shift assets to maintain appropriate cash levels to match bulk outflows would hamper growth and liability-matching assets.“Given that the stock of defined benefit liabilities and assets exceeds £1.1trn (€1.3trn), even relatively small changes to this stock could have a significant impact on financial markets,” the government said.In response to consultation, the National Association of Pension Funds (NAPF) backed the continued transfer of assets between the two systems.It highlighted a survey among its own members, predominantly UK pension funds, which showed support for continued transfers at 80%, while 54% said they could manage cash transfers without affecting the scheme’s investment strategy.However, the lobby group stipulated that the right should not extend to pensioners.It also argued that any transferring member should be given regulated financial advice, and that trustees must retain the right to set transfer values that reflect the ongoing deficit and investment volatility.The Association of Consulting Actuaries (ACA) backed the NAPF’s stance and said transfers should be allowed for all non-pensioner DB members.“We are not concerned about the potential impact on the corporate debt markets, and the ability of companies to raise capital,” it said.“This is because the demand for bulk annuities from DB schemes will provide ongoing demand for corporate bonds in the same way as for the Gilt markets.”The ACA also said it foresaw severe practical issues if the government imposed a ban and suggested there would be a “huge run” on DB schemes if any ban were not immediate.It also suggested transfers from DB to DC would not materially increase, not until the point of retirement, which would correspond with schemes’ exit from equity markets rather than bond investments.A survey among Mercer clients also strongly backed the continued transfer, as 65% suggested no change should be made to the system.Only 7% said their schemes would sell fixed income assets to fund transfers, while 40% would liquidate equally across all asset classes.Matthew Demwell, partner at Mercer, said: “DB to DC should continue to be permitted. They are a valuable tool to help trustees and sponsors manage DB risk by reducing liabilities and financial uncertainty.”However, while the NAPF called for trustees to continue to set transfer values accounting for scheme deficits, Demwell highlighted the incentive for schemes to be more generous.He said if transfer values were set higher than the minimum statutory requirement but lower than a buyout cost members would be more likely to the consider the option.“It is about finding the sweet spot that does not pay out more than a fair share of the fund, is good enough to make it worthwhile to transfer and does not prejudice the funding position of stayers,” he said. “You could get to a position where everyone wins.”Barnett Waddigham associate Tyron Potts said the firm also did not believe transfers between DB and DC scheme would impact demand for government bonds.“We do not believe demand for transfers will be high, but even so, there will always be demand for government Gilts and corporate bonds as DB schemes enter the de-risking phase,” he said. UK government concerns over the economic impact of allowing continued transfers between defined benefit (DB) and defined contribution (DC) funds have been dismissed by the pensions industry.Concerns were raised after the chancellor George Osborne proposed granting new freedoms to DC savers by allowing the full withdrawal of a pension scheme in cash, and removing the need to annuitise.In its consultation, the government said it feared new freedoms in DC pensions would entice DB savers to move savings across, causing an stir in investment strategies.It already moved to block any transfers from the pay-as-you-go system for public sector workers.last_img read more

Wednesday people roundup

first_imgNewton Investment Management – Matt Pumo has been appointed as head of UK consultant relations as a new addition to the international business development team. Pumo will work alongside Ross Byron-Scott and report to Julian Lyne, recently appointed global head of distribution. He joins Newton from Neuberger Berman and has previously worked at Gartmore Investment Management and Liontrust Asset Management.PGIM Fixed Income – Bas NieuweWeme has joined PGIM Fixed Income as managing director, leading the global client service, consultant relations, distribution, liability-driven investing and marketing teams. He will report to Michael Lillard, head of PGIM Fixed Income. Meanwhile, Peter Cordrey, global head of product management and distribution, will retire in the fourth quarter after 20 years with the company. Veritas – Samuel von Martens has been voted in as a member of the supervisory board of Finnish pension insurance company Veritas, replacing Tony Karlström, who has resigned. Von Martens will continue in the role until the end of 2017, as Karlström resigned in the middle of the term. Franklin Templeton Investments – Charukie Dharmaratne has taken on a new role at Franklin Templeton Investments as senior PR executive, responsible for communications in Europe, the Middle East and Africa. She previously worked at CNC Communications & Network Consulting. BMO Global Asset Management – Otto Donner has been hired by BMO Global Asset Management as sales director for the Nordic Region. Donner joins from East Capital Asset Management, where he was head of sales for the Nordics, and responsible for institutional, wholesale and retail clients across the Nordic countries, Baltics and the UK. In his new job, he reports to Robert Elfström. Columbia Threadneedle Investments – Kath Cates has joined the board of Threadneedle Asset Management Holdings, from 10 May, as well as the board of Threadneedle Investment Services, from 29 March – in both cases becoming a non-executive director. Her most recent executive role was global COO at Standard Chartered Bank, based in Singapore. Cates is also a non-executive director of RSA Insurance Group, where she chairs the board’s risk committee, and a member of the group audit and remuneration committees. In addition to this, she is a non-executive director of Brewin Dolphin. Univest Company (Unilever) – Rogier van Aart has joined Rotterdam-based Univest Company – part of Unilever – where he will advise the Unilever pension funds on strategic and tactical asset allocation. He was previously employed by Aegon Asset Management in The Hague for nearly 11 years, where he had the same role as he is now taking on at Univest.  Martin Currie – Mark Whitehead, head of income at Martin Currie, has joined Alan Porter as co-manager of the Legg Mason IF Martin Currie Global Equity Income Fund. He has also been appointed lead manager of the global equity income investment trust, Securities Trust of Scotland. Whitehead joined Martin Currie last November from Sarasin and Partners, where he was head of the equity income team and lead portfolio manager for the global equity income range.UNEP FI – Eric Usher has been appointed head of the United Nations Environment Programme (UNEP) Finance Initiative (FI), which he has been leading in an interim capacity since 2015. Before becoming head of the UNEP FI Secretariat, Usher was responsible for a programme portfolio advancing new public/private instruments for financing cleaner energy infrastructure and improving energy access. He was seconded to the UN Framework Convention on Climate Change for development of the Green Climate Fund. Before joining UNEP, Usher was general manager of a solar rural-electrification company based in Marrakesh. SPF Beheer, Manulife Asset Management, AXA Investment Management, Lyxor, Unigestion, Newton Investment Management, Neuberger Berman, PGIM Fixed Income, Veritas, Franklin Templeton Investments, BMO Global Asset Management, East Capital Asset Management, Columbia Threadneedle Investments, Univest Company (Unilever), Aegon Asset Management, Duet Group, Martin Currie, UNEP FISPF Beheer – Garry Meulendijks has started as head of actuarial management at SPF Beheer, the €18bn asset manager and pensions provider for railways pension fund SPF and public transport scheme SPOV. He had been working at the actuarial department of SPF Beheer for the past 12 years, most recently as senior actuary. Meulendijks has succeeded Ben de Groot, who has taken early retirement after almost 11 years in the job.Manulife Asset Management – Martin Powis and Alan Burnett have been appointed to distribution roles at Manulife Asset Management for the UK and Ireland, based in the London office. Powis has become head of institutional sales and relationship management, while Burnett is now head of wholesale sales and relationship management. Powis was most recently director of UK institutional sales at AXA Investment Management, covering corporate pension plans and third-party insurance relationships. He has also worked at DB Advisors, Ignis Asset Management and Gartmore Investment. Burnett, meanwhile, previously worked at Lyxor, developing its alternatives and absolute return multi-asset business in the UK wholesale market. Before that, he worked at Martin Currie Investment, Liontrust Asset Management, AXA Asset Management and Deutsche Morgan Grenfell Unit Trust Management.Unigestion – David Chesner has been appointed as a director on the institutional clients alternatives team at Unigestion and will lead the sales strategy for the asset manager’s alternative investment products and services. He joins from international alternative asset manager Duet Group, where was was responsible for client relationships and business development across Europe and Asia. Carlos Stelin is also joining the alternatives team as a director, and he, too, worked at Duet Group previously, having been part of its investor relations team, liaising with European institutional clients. Leila Haddioui has been hired as senior vice-president in the alternatives team, joining the company from Abbeville Partners, where she was responsible for business development. Janice Cheung is another new hire on the alternatives team, becoming sales assistant joining from AXA Investment Managers, where she was part of the UK wholesale sales team. The new alternatives staff will join Caroline Bradshaw, director, who has been with the institutional sales team since 2014.last_img read more

Stay warm in the great outdoors

first_img30 ERIC RD HOLLAND PARKBut it is outside this property really shines. There is a huge resort-style pool with a 3m swim-out ledge that is surrounded by Palm Springs-inspired landscaping and timber decking. There is also a fire pit and barbecue areas plus a cubby house with swings and a slide. In Hamilton, Place Ascot agent Loretta Douris is marketing a near-new five bedroom house with views of the city and mountains. 87 AGNEW ST NORMAN PARKSpanning four levels, it has five bedrooms and three bathrooms and sits on a 405sq m block in the sought-after Poets’ Corner precinct.Other features include a Vergola louvre roofing system on the entertaining deck, a ceiling heater on the second floor balcony, an industrial built-in barbecue, a kitchen with an adjoining alfresco balcony, a vast butlers’ pantry and a media room.“It (the fire pit) has a wow factor and is exciting for buyers,” Ms Pearse said. “It is on the deck that overlooks the city so creates a lovely atmosphere.”More from newsParks and wildlife the new lust-haves post coronavirus13 hours agoNoosa’s best beachfront penthouse is about to hit the market13 hours agoMs Pearce said they were seeing more and more fire pits included in high end, new build houses.In the suburbs, Ray White Holland Park agent Scott Hay has listed for sale 30 Eric Road at Holland Park — a six bedroom family home on a 759sq m block. 42 QUEENS RD HAMILTONAUTUMN may be missing in action but winter is just around the corner and fire pits are proving a hot commodity.While the chances of a winter cold enough to freeze the balls off a brass monkey are slim, buyers are reportedly on the lookout for a fire feature to spark up for the three or four days that the mercury does plummet to below freezing — that’s about 10 degrees in the Sunshine State. Place Bulimba agent Paula Pearce is marketing a hillside house at Norman Park which has the best of both worlds — a pool for summer and a gas fire pit for winter.center_img 42 QUEENS RD HAMILTONIt has all of the luxury features, including a master bedroom with its own double ensuite and walk in robe with custom cabinetry and a Hamptons-inspired kitchen with a huge butlers pantry to store enough marshmallows to toast over the built-in fire pit to last a lifetime.This fire pit looks out over the pool.The property also has two large rear entertaining decks, a living room plus two huge family rooms, including one off the kids bedrooms and a child-friendly yard.It is listed for sale.last_img read more

Restorative justice goes to schools

first_imgDominion Post 18 Feb 2012Detention could soon be a relic of the past, with schools increasingly dropping the punishment in favour of “restorative chats” and other rehabilitative measures. St Patrick’s College Silverstream is the latest Wellington high school to adopt the restorative justice principles, with a no-detention approach for even the worst troublemakers. The practice is becoming widespread in schools nationwide, with restorative measures – including encouraging naughty pupils to evaluate their behaviour – replacing traditional behaviour management methods. While detentions, expulsions and suspensions have been typically used as forms of punishment to control pupil behaviour, restorative principles are based on the idea that a pupil needs to take responsibility for his or her actions. St Patrick’s Silverstream rector Gerard Tully said that fitted in with the school’s focus on encouraging positive, respectful relationships between pupils and teachers. Instead of being punished, a misbehaving pupil would discuss the impact of their actions with a teacher. That could range from a two-minute chat to a formal, sit-down conference. While it would require a shift in thinking, it made more sense to prepare young people to be adults by tackling their problems, Mr Tully said. read more

NZ’s first maximum three-strikes sentence handed down to Whanganui stabber

first_imgNZ Herald 21 August 2018Family First Comment: Working as it should, and keeping families safe.“I acknowledge that your sentence will be much harsher than I would otherwise have imposed, however, that will invariably be the case for a third-strike offence,” the judge said. “Parliament deliberately designed a harsh response to offenders who persistently commit serious offences despite clear warnings.New Zealand’s first offender, a Whanganui stabber, to be given the maximum sentence available under the controversial three-strikes rule is the law working as it was intended, says Act Party leader David Seymour.The sentence, imposed today by Justice David Collins in the High Court at Whanganui, comes as the Government holds its three-day criminal justice summit this week.Minister of Justice Andrew Little expressed his desire to repeal the three-strikes law, which came into effect on June 1, 2010 after a deal with the National-led Government and Act Party.The Labour-led Government, however, ditched its planned repeal of the law after objections by New Zealand First.The three-strikes law requires a person convicted of a third serious violent, sexual or drugs offence to be sentenced to the maximum available sentence without parole, unless it would be “manifestly unjust”.READ MORE: up with family issues in NZ. Receive our weekly emails direct to your Inbox.last_img read more

Local Communities Can Apply For Transportation Funding

first_imgINDOT will accept applications from cities, towns and counties for an estimated $86 million in federal transportation funding, beginning April 14.In early February, INDOT awarded $86 million in federal transportation funding for local projects that would be bid beginning July 2016. The latest round of funding is for projects that would be designed, developed and have purchased land according to federal standards prior to bid during the state fiscal year beginning July 2017.Rural communities may submit any local project eligible for $73 million in federal highway funds, including bridge, road and safety projects. In addition, all communities may seek $13 million in Transportation Alternatives funding for non-motorized projects such as trails and Safe Routes to School projects.INDOT sets aside 25 percent of the federal highway funds appropriated by Congress each year to fund larger local transportation projects. Metropolitan Planning Organizations distribute federal highway funds to local communities within the state’s larger urbanized areas while INDOT distributes funds outside MPO areas. To receive federal funding, typically communities must pay 20 percent in local matching funds.Local public agency employees certified as an “Employee in Responsible Charge” must submit applications electronically using INDOT’s website. Applications will be accepted and must be submitted by 5 p.m. on Monday, May 12. Project awards will be announced no later than June 16, 2014.last_img read more

Bulldogs Swept By Trojans On The Diamond

first_imgDespite a 4-run deficit in the fifth inning, Batesville almost came all the way back, eventually falling 5-4 to East Central on Thursday. The final play was a failed forced balk by the Bulldogs, resulting in a close play at the plate to end the game. Batesville scored three runs in the failed comeback on a double by Caleb Raab in the sixth, a walk by Quinn Werner in the seventh, and a fielder’s choice by Lane Oesterling in the seventh.The Buldogs opened up scoring in the first inning, as Werner drove in one when he tripled.East Central pulled away for good with four runs in the fourth inning. In the fourth Mitch Behrle singled on a 0-1 count, scoring one run, Zach Monhollen singled on a 1-1 count, scoring two runs, and Joe Bohman induced East Central to hit into a fielder’s choice, but one run scored.Simon Williams pitched East Central to victory. He allowed eight hits and four runs over six and two-thirds innings, striking out five.Bohman took the loss for the Bulldogs. He lasted six innings, allowing seven hits and five runs while striking out three.The Bulldogs totaled eight hits in the game. Werner, Trey Peters, and Calvin Sherwood all managed two hits for Batesville.The loss takes Batesville’s overall record to 5-2 and 3-1 in the EIAC. The Bulldogs will compete in the Doc Morris Invitational on Friday, April 13th and Saturday, April 14th in Erlanger.Courtesy of Bulldogs Coach Justin Tucker.The Batesville JV Baseball dropped their second game in a row to East Central JV by a score of 7-3.After threatening in the first inning and getting Sophomore Short Stop Seth Gausman, who led the game off with a hit into scoring position the Bulldogs failed to drive him in and that was the theme of the night. The Bulldog hitters couldn’t seem to get that timely hit to plate runners. The Bulldogs accumulated 10 hits in all with two hits a piece by Seth Gausman and Devin Scripture.The Bulldog defense rebounded nicely from their 6 error performance on monday only committing one error and Sophomore Catcher Clay Grunkemeyer threw out 2 baserunners. Nate Eckstein took the loss during his 3 innings of work, evening his record to 1-1 on the year. Freshman Riley Zink came in and pitched 4 solid innings only surrendering 1 run on 2 hits while striking out 2 Trojan batters.The Bulldogs look to get back in the win column Saturday when they travel to East Central to play the Trojans at 10:30 a.m.Courtesy of Bulldogs Coach Jason Meyer.last_img read more

Drake, DeVolder score IMCA Modified feature wins at Santa Maria Nationals

first_imgIMCA Modified career win number one for Shane DeVolder came on night two of the Santa Maria Nationals. The May 27 victory paid $1,200 and put DeVolder on the Fast Shafts All-Star Invitational ballot. (Photo by Tom Macht, MARIA, Calif. (May 26-27) – Logan Drake raced back to victory lane on opening night while Shane DeVolder earned his career first IMCA Modified feature win on night two of Santa Maria Raceway’s Memorial Weekend Nationals.Drake, also a 2017 winner at Santa Maria, led the last 10 circuits in winning Saturday’s 25-lapper. DeVolder regained the lead with two turns around the track left in Sunday’s main, also 25 laps. Both events paid $1,200 and put the winners on the Fast Shafts All-Star Invitational ballot.Robby Sawyer started on the Saturday pole flanked by Austin Burke and the first seven laps ran in that order. The third-starting Drake took over second on lap eight and moved to the extreme high groove to take the top spot from Sawyer on lap 15.The only caution of the event came on lap 20. Drake led the final five laps for his first feature win of year and was followed across the stripe by Sawyer, Clay Daly, D.J. Shannon and Cody Laney.No stranger to victory lane at Santa Maria Raceway, Logan Drake topped the opening night Nationals feature for IMCA Modifieds. He earned a Fast Shafts All-Star Invitational ballot berth along with a check for $1,200. (Photo by Tom Macht,“Santa Maria is only about 20 minutes from home but this was only the fourth time we’ve been able to race there this year. We’ve just been so busy at work, Drake said. “If you’re going to win a big race, it’s nice that this is the one. Just about everybody in California was here.”After an early exit with a broken axle on Saturday, DeVolder grabbed the early lead on Sunday ahead of Alex Stanford. A series of yellows slowed action before settling down with DeVolder continuing to lead Stanford and Sawyer. Brad Pounds moved into third before the next caution.Stanford took the lead on lap 17 and pulled away from DeVolder and Pounds before running afoul of lapped cars with two laps remaining and was backwards on the backstretch and out of the race.  DeVolder led the final pair of laps to win his first-ever Modified feature.“It was awesome,” said DeVolder, 16 years old and a junior-to-be at Design Tech High School in Redwood City. “I had raced here before in a Karl Chevrolet Northern SportMod but just once in a Modified. Winning so soon in my rookie season is just unbelievable.”Sawyer was the runner-up and Pounds took third. Austin Burke and Drake completed the top five.Michael Johnson was the $1,000 winner of Sunday’s Northern SportMod feature.Kollin Hibdon started on the pole and led a pair of laps before a rash of cautions slowed action. Austin Frye moved into second around Parker Maccianti before Hibdon spun in front of the pack for another yellow.Frye led a pair of laps punctuated by more yellows with the eighth starting Johnson using the upper groove to take the lead at the halfway mark.  Fifth row starting Jason Nation zoomed into second with five laps remaining.Johnson ran to the win ahead of Nation, Frye, Gary Dutton and Kyle Wood as Bakersfield Speedway-based cars dominated the field.May 26 Feature ResultsModifieds – 1. Logan Drake; 2. Robby Sawyer; 3. Clay Daly; 4. D.J. Shannon; 5. Cody Laney; 6. Alex Stanford; 7. Brad Pounds; 8. Jerry Flippo; 9. Austin Burke; 10. Roger Holder; 11. Cody Burke; 12. Randy Brown; 13. Ryan Daves; 14. Clint Reichenbach; 15. Austin Rodarte; 16. Chett Reeves; 17. Dylan Thornton; 18. Trevor Fitz-Gibbon; 19. Brad Prows; 20. Kenny Kirkpatrick; 21. Brandon Hoekstra; 22. Shane DeVolder; 23. Jarod Fast; 24. Levi Kiefer.May 27 Feature ResultsModifieds –  1. DeVolder; 2. Sawyer; 3. Pounds; 4. Austin Burke; 5. Drake; 6. Holder; 7. Brown; 8. Steve Noland; 9. Cody Laney; 10. Reichenbach; 11. Shannon; 12. Daves; 13. Daly; 14. Kirkpatrick; 15. Austin Rodarte; 16. Reeves; 17. Aaron Rodarte; 18. Stanford; 19. Fitz-Gibbon; 20. Prows; 21. Flippo; 22. Burke, 23. Fast; 24. Carla Laney.Northern SportMods – 1. Michael Johnson; 2. Jason Nation; 3. Austin Frye; 4. Gary Dutton; 5. Kyle Wood; 6. Patti Ryland; 7. Brent Curran; 8. Austin Manzella; 9. Brylon Holder; 10. Donnie Hampl; 11. Aaron Farrell; 12. Wayne Coffman; 13. Matthew Mayo; 14. Parker Maccianti; 15. Kollin Hibdon; 16. Kevin Johnson; 17. Matthew Hagio; 18. Fred Ryland; 19. Paul Harris; 20. Joey Claborn; 21. Austin Williams; 22. Brendon Frye; 23. Dylan Potter; 24. Mike Dean.last_img read more

Kaboul set for comeback

first_img Kaboul has not played since the opening day of the season when he aggravated a knee injury which had also kept him out of the European Championship. The 27-year-old, who was Tottenham’s most consistent centre-back last season, underwent surgery and was initially expected to be out for four months, but he has struggled in his rehabilitation from the injury. The Frenchman will get a chance to prove his fitness, however, as he is understood to be in the Under-21 squad that will face the Hammers at Upton Park. Should he come through that match, the former Portsmouth man could be in contention for Tottenham’s away trip to Basle on Thursday, although a more realistic comeback game would be the club’s game against Manchester City on April 21. Press Associationcenter_img Younes Kaboul looks set to make his long-awaited return from injury in Tottenham’s Under-21 match against West Ham on Monday night. last_img read more

Hunt, West lead Syracuse’s impressive offensive performance in Spring Game

first_img Facebook Twitter Google+ Syracuse’s second team didn’t stand a chance.Carried by Terrel Hunt, Jarrod West and George Morris II, the Orange team dominated the Blue team en route to a 27-10 win at the Carrier Dome in Syracuse’s Spring Game on Saturday. Hunt completed 19-of-29 passes for 209 yards and two touchdowns, finding West early and often and watching as Morris sliced up the second team.“I felt really good, because as a unit we did very well,” Hunt said. “We were able to move the ball and we didn’t turn the ball over, so it felt really good.”Saturday proved that – at this point in time, pre-Drew Allen – the starting quarterback job is Hunt’s to lose. John Kinder and Charley Loeb split snaps for the Blue team, while Hunt took every snap for the Orange team.Midway through the first quarter, Hunt threw his first highlight-reel pass of the day, connecting with the 6-foot-2 wide receiver West. West blew by cornerback Joe Nassib on the left sideline, caught Hunt’s high-arching pass and took it to the end zone for a 49-yard touchdown reception.AdvertisementThis is placeholder textThe Orange team set the tone early.Last year, quarterback Ryan Nassib threw the ball to his favorite targets Alec Lemon and Marcus Sales with regularity. Lemon and Sales caught more than half of Nassib’s touchdown passes, leading SU to an 8-5 season.This year, with Nassib, Lemon and Sales gone, Syracuse will need new offensive weapons to fill the void. Saturday showed that Hunt and West may be key components of the answer.West caught six passes for 82 yards and two touchdowns, the second of which gave the Orange team a 24-7 advantage late in the third quarter. West blazed from right to left, burning the Blue defense for a 14-yard strike.“(Jarrod’s) a great player and he can jump out the roof,” Hunt said. “Being able to just put the ball up and have him jump and go get it is wonderful.”West averaged 13.7 yards per catch last season, which put him right behind Lemon and Sales. He was the only Syracuse receiver to play in all 13 games and emerged as a reliable target, compiling 94- and 98-yard games against Southern California and South Florida, respectively.Now he’ll likely serve as Hunt’s No. 1 option, a role he’s eager to embrace.“I’m trying to step up and bring everybody with me,” West said. “It’s tough. We have a talented group, but no one really has experience and no one has played a lot of plays, so everyone’s starting from a fresh start.”West credited Hunt for placing the ball exactly where he needed it on Saturday. He said the offense clicked so much that the Orange veered away from the run game in order to give Hunt more reps.“We went away from the run because we were getting like six or seven yards a pop,” West said. “We were trying to let T-Hunt get some more time airing the ball out, and I think he did well.”But when the Orange team did run the ball, Morris found openings all afternoon and torched the second team. He didn’t see any game action last season, but will likely see an expanded role starting in August.Syracuse’s run game is arguably its most experienced and deepest unit heading into the season. Jerome Smith and Prince-Tyson Gulley will get the bulk of the carries, but with Smith already a clear-cut starter and Gulley sidelined with an injury, Morris had a chance to prove himself on Saturday.He responded, leading the team with 68 rushing yards on eight carries. Morris showcased his quick feet and ability to break tackles, leaving defenders in the dust.He finished the first quarter with four rushes for 57 yards, breaking free for a 39-yard touchdown run.“It was a great effort by the offensive linemen,” Morris said. “They got me where I needed to be and I just found a hole and I ran.”In total, the first team finished with 18 first downs in an accelerated game with a running clock in the second half. West said the Syracuse offense has something to prove with the departures of Nassib, Lemon and Sales.Saturday was a start.“It was fun. Just trying to go out here and make plays,” West said. “Just want to show everybody that we’re out here with a high-powered offense, just like last year.” Comments Published on April 20, 2013 at 3:39 pm Contact Trevor: | @TrevorHasslast_img read more