Mi Smart Upgrade options start at Rs. 399 for the Redmi 9 Prime and Redmi 9, Rs. 499 for the Redmi Note 9, Rs. 549 for the Redmi Note 9 Pro, Rs. 599 for the Redmi Note 9 Pro Max, Rs. 999 for the Redmi K20 Pro, Rs. 1,499 for the Mi 10T, Rs. 1,699 for the Mi 10T Pro, and Rs. 1,999 for the Mi 10 phone. These Mi Smart Upgrade plans need to be purchased along with the smartphone from select Mi Authorised Outlets.When it comes to availing the Mi Smart Upgrade scheme, users will have to contact the buyback partner for redemption and head to the nearest Xiaomi authorised service centre. The phone will then be inspected to ascertain no damage is detected, and after that a redemption code will be given to the customer. This code can then be used on Mi.com or any Mi authorised outlet for buying a new smartphone.Xiaomi notes that the phone should not be damaged or broken to be eligible for the upgrade. Furthermore, if original charger or box is not available, then Rs. 1,000 will be deducted from the buyback value. If the phone has any scratches or dents on the screen or body, then 10 percent of the buyback value will be deducted.- Advertisement – How to find the best deals during online sales? We discussed this on Orbital, our weekly technology podcast, which you can subscribe to via Apple Podcasts, Google Podcasts, or RSS, download the episode, or just hit the play button below. Xiaomi has introduced a new ‘Mi Smart Upgrade’ scheme for Mi and Redmi phone buyers in India. This scheme enables new smartphone buyers to get up to 70 percent assured buyback on their purchased handset for up to 15 months from purchase, redeemable on their next Xiaomi smartphone purchase. This new Mi Smart Upgrade scheme is priced starting at Rs. 399 and it varies based on the phone you buy. This plan is currently applicable for phones like the Redmi 9 Prime, Redmi 9, Redmi Note 9 series, and the Mi 10 series. Apart from offering assured cashback till 15 months, this Mi Smart Upgrade Scheme also looks to make the buyback journey hassle free.The new ‘Mi Smart Upgrade’ gives users get the freedom to encash their phones any time after 3 months till 15 months of purchase, with exchange value ranging from 40 percent to 70 percent of the SRP. To be precise, users can get up to 70 percent of assured buyback within 4-6 months of purchase, 60 percent buyback within 7-9 months, 50 percent buyback within 10-12 months of purchase, and 40 percent buyback on 13-15 months of purchase. This means even after the phone warranty expires after 12 months, Xiaomi will offers 40 percent buyback till 15 months.- Advertisement – – Advertisement –
As part of its new investment policy, Ahold Delhaize Pensioen said it would raise its strategic securities allocation from 44% to 50%, while reducing its fixed income holdings from 56% to 50%.Renate Pijst, the scheme’s director, said that increasing the risk exposure while the market seemed to be at its peak had been a deliberate decision.“Doing nothing would mean that it would be difficult to escape the current situation in which we can’t compensate for inflation,” she explained.The pension fund also abandoned its tactical investment policy with a bandwidth of 10%, replacing it with a strategic approach with a margin of no more than 2.5%.At year-end, the scheme’s actual securities allocation was 37%, which was already relatively low, according to Pijst.“However, under the rules of our old dynamic investment policy, we would have to reduce our holdings to 35%,” she added.The Ahold Delhaize scheme indicated it wanted to limit its dynamic investment policy to situations where the pension fund had “very high or very low” funding.Currency hedging, passive shift, ESGThe pension fund further said it would halve its current full currency hedge of the US dollar and sterling, and that it would raise its dynamic interest hedge from 57% to 60% of its liabilities.The changes are scheduled to be fully implemented at the end of this year.The retailer’s pension fund said that the adjustments came in part as a consequence of comments made by supervisor De Nederlandsche Bank after an asset management survey the regulator had carried out.Based on the outcome, the Ahold Delhaize scheme had also ceased its temporary hedge of the Swiss franc and US interest rates, it said.The annual report also revealed that the pension fund wants to continue focusing on passive investments.At the start of 2019, it had completed the conversion of its emerging markets equity stake into fully passive holdings.Last year, the pension fund lost 7.8% on equity, 0.3% on high yield bonds and 2.1% on emerging market debt.Investments in euro-denominated government bonds and credit generated 1.7% and 0.9%, respectively, while residential mortgages delivered 2%.With a return of 18.6%, alternative investments were the best-returning asset class.The scheme announced that it would consult its stakeholders about formulating its policy on environmental, social and corporate governance matters, and that it would explore the investment opportunities linked to climate change. Ahold Delhaize Pensioen, the €4.6bn pension fund of the Dutch-Belgian supermarket chain, has said it would raise the risk exposure of its investments to improve the potential for inflation compensation.In its annual report for 2018, it made clear that it had made the decision based on an asset-liability management study.The adjustment comes in the wake of a disappointing investment year during which the pension fund incurred a 0.8% loss, leaving it unable to grant indexation for the fourth consecutive year.The hoped-for recovery didn’t materialise, and the scheme closed the year with a funding of 109.6%.