UK roundup: BT scheme buys software firm

first_imgPPF confirms levy rules for 2020/21 The UK’s Pension Protection Fund (PPF) has announced that levy rules for 2020/21, the final year in the current three-year levy cycle, will remain stable and broadly unchanged from the previous levy year.The announcement follows a six-week consultation which invited PPF levy payers and industry stakeholders to comment on the proposed 2020/21 levy rules.The policy statement, which is published on the PPF website, highlights key findings from the consultation and confirms that the levy estimate for the next levy year will be £620m (€741.6m). Established in 2002, Procentia has more than 30 clients, including many household names and FTSE100 companies, which it serves from offices in Bristol in the UK and Chicago in the US. More than two million pension scheme members are administered on Procentia’s systems. It also supplies software to third party administrators, systems integrators, technology companies and other product providers.Procentia’s founders Steven Donkin, Trevor Scurr, Ian Dowler, Paul Jones and Daniel Osicka will remain with the business. Smart Pension to provide services for Guernsey schemeWorkplace pension savings and investments technology provider Smart Pension will operate the States of Guernsey’s Your Island Pension Scheme which will see all Guernsey employees automatically enrolled for the first time.Legislation is expected to be ratified by the States of Guernsey parliament in 2020.Michelle Le Clerc, president of the States of Guernsey Committee for Employment and Social Security, said: “Throughout the tender process Smart [Pension] impressed us with their cutting edge technology and a ‘can-do’ attitude.”She added that the scheme “will change the pension landscape in Guernsey, ensuring every islander has access to a product which is affordable but doesn’t compromise on service standards.”Andrew Evans, co-founder and cheif executive officer of Smart Pension, said: “The introduction of auto enrolment in the UK has transformed the retirement savings culture for workers and undoubtedly it will have the same impact in Guernsey.”He added: “The fact that employees will make contributions from their very first pound of earnings shows the commitment that the States of Guernsey has to deliver a better retirement outcome for their residents. This element will undoubtedly be closely observed by the UK government as it evolves.”Your Island scheme detailsAlthough very similar to auto-enrolment in the UK, Your Island Pension will be a single private scheme, overseen by the State’s Committee for Employment and Social Security, more like the UK’s government-funded NEST.Under the new secondary pension legislation, employees will have the ability to opt out, and like the UK, there will be an obligation on the employer to re-enrol employees every three years. At that point the employee is, again, able to opt out.Employers will be required to contribute at a minimum level into the State’s secondary pension scheme, or a private qualifying scheme. Contributions will start at 1% and increase to 3.5% over a nine-year period so that by 2030, all employers will be required to contribute 3.5%.Employees will also start by paying in 1% increasing to 6.5% over the nine years.Those who already pay into a private pension or Retirement Annuity Trust Scheme (RATS) will not be required to pay into a new scheme as well, provided that the private pension or RATS meets the qualification criteria.The scheme is expected to launch in the first quarter of 2022.center_img BT Pension Scheme Management (BTPSM), the executive arm of the UK’s largest private sector pension scheme, has acquired a majority stake in Procentia, a market-leading pensions software company, for an undisclosed sum.BTPSM has also announced that it will be implementing Procentia’s IntelliPen system for the scheme’s member administration services, which it brought in-house last year.Morten Nilsson, chief executive officer of BTPSM, said: “In Procentia, not only have we found a market-leading system that will future proof our member services, but a great long-term investment in its own right.”The BT Pension Scheme has around 300,000 members of which 200,000 are pensioners or beneficiaries. It has approximatly £50bn (€59.8bn) in total assets and pays out more than £2.5bn in pensions and other benefits every year.last_img read more

Former secretary general begins historic ‘third relationship’ with CARICOM

first_img Tweet Share NewsRegional Former secretary general begins historic ‘third relationship’ with CARICOM by: – November 17, 2011 38 Views   no discussions Sharing is caring!center_img Share Sir Edwin Carrington. Image via: trulycaribbean.netGEORGETOWN, Guyana — Sir Edwin Carrington, Trinidad and Tobago’s plenipotentiary representative to the Caribbean Community (CARICOM), presented his credentials to Secretary-General Irwin LaRocque on Wednesday, signaling the start of his third relationship with the CARICOM Secretariat. Accepting Carrington’s credentials, LaRocque, who succeeded him as secretary-general, said it was a rare occasion that the Community had the opportunity to receive an accredited diplomat and a distinguished son of the soil who was instrumental in advancing the regional integration movement and in building the Community. Carrington’s selection as ambassador to CARICOM, LaRocque said, was testimony to Trinidad and Tobago’s commitment to the continued advancement of the region. With an 18-year tenure at the helm of the Secretariat under his belt, earning him the distinction of the longest serving secretary-general, Carrington also previously served as Chief of Economic and Statistics and a Director of Trade and Integration at the CARICOM Secretariat. He demitted office in December 2010. LaRocque, in his remarks at the ceremony, referred to Trinidad and Tobago’s “tremendous” contribution to the development of the Community, and told Carrington that his extensive and expansive career in the Community allowed him to attain a level of “enviable familiarity and profound understanding of the issues” with which member states grapple as well as the goals of the region. “It is my full expectation that in your new capacity, you will bring your repository of knowledge and expertise to the table during the deliberations of the Community, so that we may continue to benefit from your breadth of insight and experience,” LaRocque said. The secretary-general added that he was certain that, in the new role as ambassador, any advice Carrington or his government offered would serve to strengthen even further, Trinidad and Tobago’s commitment to regionalism. Concurring with LaRocque’s remarks, Carrington said that his new role was an opportunity through which his government hoped to enhance its contribution to CARICOM’s development “to which it is firmly committed”. For Carrington, the occasion was an historic one that ranked alongside the highest of “all my life’s professional experiences”. He was entering this new relationship, he said, looking forward to another opportunity to contribute to the development of CARICOM “this time from the outside, as it were, of the Secretariat” He pointed out that the Community had made significant progress under its four pillars – human and social development, foreign policy coordination, economic integration, and security — but juxtaposed those strides with the increasing challenges the region faced, particularly those related to the external economic and political environments and “our own implementation deficit”. “It is the recognition of this overall difficult situation, Mr Secretary-General, that has driven me and some others to recommit to and to redouble our efforts to see in what way we can contribute to this struggle. For there is, in our view, no more effective way in which we can help to build a Caribbean Community worthy of our future and of that of our children, and I dare say our grandchildren as well. And, as you know, Mr Secretary-General – and I believe we share the following perspective – I have always firmly believed that the involvement and participation of our youth in the integration process is of paramount importance to its future success,” Carrington said.Caribbean News Now Sharelast_img read more

For heart’s sake: Jerry softens on flower vendors

first_img“Paramahapos sa tanan,” said Treñas ofhis decision to go soft on the vendors. “Parakon sin-o gusto maghatag bulak sa imo, mahapusan siya kon diin mabakal.” ILOILO City – Mayor Jerry Treñas isallowing flower vendors to do business at Jaro Plaza and on the sidewalks ofthe Iloilo Central Market but only for two days – today and tomorrow,Valentine’s Day. Treñas previously banned vendors frompublic plazas. He also ordered the removal of all sidewalk obstructions,including vendors. Flower vendors were among thosedisplaced when the city government started clearing sidewalks beginning Augustlast year. In the City Proper, most flowervendors positioned themselves on the sidewalk outside the Iloilo CentralMarket. When the city government started clearing the sidewalks, theytransferred inside the market./PNlast_img read more

Man City players joked about Messi, Ronaldo signings after takeover – Zabaleta

first_img “We took it a bit as a joke and…in the locker room we started putting ‘Messi’, ‘Cristiano Ronaldo’. We were sh*tting ourselves.” Zabaleta, who left City for West Ham in 2017, is nearing retirement from club football and admits the coronavirus pandemic may accelerate those plans. “I think about it every day. I wake up thinking, ‘Is this what awaits me after retirement?’ Now, somehow, we’ll go back to training and we will see. But it’s all still uncertain,” he said. “I had even come to think, at the end of this season, to give myself the joy of playing one more season in another league, perhaps in Italy, but now I don’t know. read also:Ex-Man City Nasri blames LA clinic for doping ban “The chances are you won’t play in front of a crowd, so what motivation could I have left? Why go to Italy if mythical stadiums like the Olimpico in Rome or San Siro will be closed?” FacebookTwitterWhatsAppEmail分享 Loading… Promoted ContentTop 8 Best Looking US First Ladies EverBirds Enjoy Living In A Gallery Space Created For Them6 Interesting Ways To Make Money With A Drone8 Superfoods For Growing Hair Back And Stimulating Its Growth7 Truly Incredible Facts About Black Holes7 Things That Actually Ruin Your PhoneWhich Country Is The Most Romantic In The World?9 Facts You Should Know Before Getting A TattooA Hurricane Can Be As Powerful As 10 Atomic BombsBest & Worst Celebrity Endorsed Games Ever MadeWho Earns More Than Ronaldo?7 Black Hole Facts That Will Change Your View Of The Universecenter_img Pablo Zabaleta revealed Manchester City players were putting Lionel Messi and Cristiano Ronaldo up in the locker room after being taken over in 2008. Barcelona’s Messi and Juventus Ronaldo tipped to break Rooney’s record at Old Trafford Zabaleta joined City from Espanyol in that year as the Abu Dhabi United Group took over the club, leading to big spending by the Premier League outfit. The full-back said City players were preparing to welcome Barcelona star Messi and Ronaldo to the club. “Ten days after my arrival, the purchase of the club by the people of Abu Dhabi is executed,” Zabaleta told La Nacion. “Four days later, they invest £40 million for Robinho and there I said, ‘Now what do I do? I’m going to last six months here.’Advertisementlast_img read more

O’Connell dreading life after BOD

first_img Legendary centre O’Driscoll will break Ireland’s all-time caps record by earning his 129th in Sunday’s RBS 6 Nations opener against Scotland in Dublin on Sunday. The 35-year-old Leinster star is already Ireland’s all-time leading try-scorer with 46, and will no doubt be hunting 50 before he hangs up his boots. Ireland captain O’Connell has signed a new Munster contract that will push him until 2016, the 34-year-old eyeing World Cup action in England next year. Admitting both he and O’Driscoll are running out of tape and sticking plaster to hold their battered bodies together, O’Connell is expecting a big final tournament from Ireland’s former captain. “Brian has so much experience at this stage, his body seems to be in great shape,” said O’Connell. “The two of us are generally first out to warm up these days because it takes us a bit longer to get going than everyone else! “So we have a chat on our own while we’re waiting for everyone else to come out. “But he’s on great form and really looking forward to it. “It’s tough to think what it will be like without him. “Obviously he’s a fantastic player but the confidence he gives to people around him as well, even to the forward pack is massive for the team, and it’s going to be a big loss to the team.” Paul O’Connell cannot imagine life without Brian O’Driscoll, but is relieved Ireland do not have to find out what it will be like until next season. Press Association Ulster’s 22-year-old centre Luke Marshall replaces 75-cap stalwart Gordon D’Arcy in Ireland’s midfield on Sunday, to operate alongside O’Driscoll. O’Connell said Ireland see no reason to blood youngsters and build for the future if they can tilt towards a first Six Nations title since the 2009 Grand Slam. “Luke will definitely show what he can do this weekend, and it’s a good call from Joe (Schmidt),” said O’Connell. “But any time you are in the Six Nations you select your strongest team, that’s what Joe has done this week and that’s what he’ll do throughout the tournament. “So if Brian O’Driscoll’s available for the entire championship, I want him out there, and I’m sure everyone else will too. “Brian will definitely want to be out there, that’s for sure.” Ireland head coach Schmidt hopes O’Driscoll can transfer his confidence in training to Europe’s premier international tournament, starting on Sunday. “Brian’s been almost effervescent really, there’s a real spring in his step,” said Schmidt. “We hope that factors onto the field on Sunday. “He’s pretty understated on the fact he will be Ireland’s most-capped Test player. “I know to him every one of those caps is incredibly special. “He will be 100 per cent ready by Sunday.” last_img read more

Amazing Maria chasing Group One hat-trick in Matron Stakes

first_img David O’Meara’s filly has proved beyond doubt there was no fluke about her shock victory in the Duke of Cambridge Stakes at Royal Ascot by securing back-to-back top-level triumphs in the Falmouth Stakes at Newmarket and the Prix Rothschild at Deauville. Amazing Maria is joined on the trip from Britain by the Marco Botti-trained Euro Charline, last seen finishing fourth when defending her crown in the Beverly D. Stakes at Arlington Park in Chicago. Press Association Amazing Maria is set to face nine rivals when she bids to complete a Group One hat-trick in Saturday’s Coolmore Fastnet Rock Matron Stakes at Leopardstown.center_img The home team is headed by 1000 Guineas and Nassau Stakes heroine Legatissimo. David Wachman’s stable star had the option of taking on the boys in the Qipco Irish Champion Stakes on the same card, but instead sticks to her own sex and drops back in distance to the mile. The supplemented Ainippe is an interesting contender for Ger Lyons, stepping up in class following a couple of Group Three successes this summer. Brooch, Iveagh Gardens, Military Angel, Raydara and Steip Amach complete the Irish contingent, with Alain de Royer-Dupre’s French raider Cladocera rounding off the field. last_img read more

Jamie Vardy’s goalscoring streak

first_img The goal meant he joined Ruud van Nistelrooy in having scored in 10 consecutive fixtures, matching the figure set by the Dutchman in 2003 while at Manchester United. Press Association Sport takes a look back at the 10 games that have earned 28-year-old Vardy a place in Premier League history. Press Association Leicester striker Jamie Vardy equalled a Premier League scoring record with his goal just before half-time against Newcastle at St James’ Park on Saturday. August 29, Bournemouth 1 Leicester 1 It all started with an 86th-minute penalty to earn Leicester a point on the south coast. Vardy’s mazy run towards goal was halted when he was hauled down by Steve Cook inside the area and the striker picked himself up to score from the spot. September 13, Leicester 3 Aston Villa 2 It looked like Vardy had earned Leicester another point with a late goal when he arrived in the box to poke home Danny Drinkwater’s low cross after 82 minutes to bring the Foxes level after being two goals down, but Claudio Ranieri’s side then dramatically went on to win a thrilling midlands derby. September 19, Stoke 2 Leicester 2 For the second weekend running Leicester found themselves two goals behind but they got back into the game and Vardy earned his team a draw midway through the second half, holding off Erik Pieters and scuffing a shot beyond Jack Butland. September 26, Leicester 2 Arsenal 5 Vardy scored twice but Leicester’s unbeaten start to the season came to an end. His first goal was arguably his best of the campaign as the Foxes hit Arsenal with a devastating counter-attack to open the scoring. Drinkwater spotted Vardy sprinting clear down the left and launched the ball to the speedy striker who cut into the penalty area and curled a clinical finish past Petr Cech. He grabbed his sixth goal of the season late on with another perfectly placed curling effort after Cech had denied Andrej Kramaric. October 3, Norwich 1 Leicester 2 Vardy set Leicester on course for a return to winning ways from the penalty spot. He went down under the challenge of Sebastien Bassong before converting from 12 yards out. October 17, Southampton 2 Leicester 2 Another Foxes fightback from two goals down and another double for Vardy. After heading home a Nathan Dyer cross midway through the second half, he latched on to a Riyad Mahrez through-ball and confidently fired a shot into the top right-hand corner of the net in stoppage time. October 24, Leicester 1 Crystal Palace 0 After a loose defensive header, Brede Hangeland then mis-hit a clearance straight to Mahrez, who sent Vardy racing through on goal for a lovely lofted finish over advancing goalkeeper Wayne Hennessey. His 10th goal of the season saw Vardy hit the back of the net for the seventh successive Premier League fixture, adding his name to an elite group which includes Van Nistelrooy, Daniel Sturridge, Mark Stein, Ian Wright, Alan Shearer, Thierry Henry and Emmanuel Adebayor. October 31, West Brom 2 Leicester 3 Vardy raced on to Drinkwater’s defence-splitting pass before blasting the ball past Boaz Myhill to put Leicester 3-1 up and join just Van Nistelrooy and Sturridge as the only players to score in eight or more consecutive Premier League matches. November 7, Leicester 2 Watford 1 Vardy stood alone as the only Englishman to score in nine successive Premier League games after netting his 12th goal of the season from the penalty spot. After Vardy was brought down by Heurelho Gomes, Mahrez, Leicester’s usual penalty taker, was going to take the spot-kick but the Algerian handed the ball to Vardy and he blasted his shot straight down the middle and into the net. November 21, Newcastle v Leicester Vardy joined Van Nistelrooy in scoring in 10 Premier League fixtures in a row after exchanging passes with Leonardo Ulloa and firing home at the near post. last_img read more

Stokes stars as England earn thrilling five-run win

first_img(REUTERS)-Ben Stokes hit a brisk half-century and then picked up three crucial wickets to help England to a tense five-run win against India in the third and final one-day international at the Eden Gardens yesterday.It was a consolation victory for England and their first on their tour of India after they lost the five-test series 4-0 and both previous ODIs.Opener Jason Roy hit 65, his third consecutive fifty, before half-centuries from Jonny Bairstow (56) and Stokes took England to 321-8 after India won the toss and chose to field.England seemed set for a comprehensive win despite an injury to seamer David Willey as India lost their top five batsmen for 173 but Kedar Jadhav (90) and Hardik Pandya brought the hosts back in the match with a sixth-wicket stand of 104.With India needing 16 off Chris Woakes’ final over, Jadhav, who scored a century in the first ODI at Pune, smashed the paceman for a six and a four but was then caught by Sam Billings at deep cover after two dot balls. The hosts finished on 316-9.Stokes’s last visit to Eden Gardens last April ended in a personal nightmare as Carlos Brathwaite smashed him for four consecutive sixes in the final over to win the World Twenty20 title for West Indies.On Sunday, the seamer first dismissed India’s best batsman Virat Kohli for 55 before returning to remove Pandya for 56 and break his dangerous partnership with Jadhav.India had just taken 16 runs off Woakes in the 47th over and needed 27 in 18 balls when England captain Eoin Morgan called on Stokes to bowl his final over.Stokes gave away just four runs, added the wicket of Ravichandran Ashwin to his tally and finish with 3-63.Earlier, Roy and Billings (35), who replaced the injured Alex Hales, gave England a strong start with an opening partnership of 98.Left-arm spinner Ravindra Jadeja sent both the openers back in quick succession but Bairstow, brought into the side foComment guidelinesr the injured Joe Root, and captain Eoin Morgan kept England flowing with an 84-run stand for the third wicket.Stokes provided the late flourish with four boundaries and two sixes in his 39-ball 57.India and England will now play three Twenty20 internationals, starting with the first match on Thursday.ENGLAND InningsJ. Roy b Jadeja 65S. Billings c Bumrah b Jadeja 35J. Bairstow c Jadeja b H. Pandya 56E. Morgan c Bumrah b H. Pandya 43J. Buttler c Rahul b H. Pandya 11B. Stokes not out 57M. Ali c Jadeja b Bumrah 2C. Woakes run out (Dhoni, B. Kumar) 34L. Plunkett run out (Dhoni) 1Extras (b-1 lb-8 nb-1 w-7) 17Total (for 8 wickets, 50 overs) 321Fall of wickets: 1-98 S. Billings,2-110 J. Roy,3-194 E. Morgan,4-212 J. Buttler,5-237 J. Bairstow,6-246 M. Ali,7-319 C. Woakes,8-321 L. PlunkettDid not bat: D. Willey, J. BallBowling: B. Kumar 8 – 0 – 56 – 0(w-2),H. Pandya 10 – 1 – 49 – 3(w-1),J. Bumrah 10 – 1 – 68 – 1(nb-1 w-3),Y. Singh 3 – 0 – 17 – 0,R. Jadeja 10 – 0 – 62 – 2, R. Ashwin 9 – 0 – 60 – 0(w-1)INDIA InningsA. Rahane b Willey 1L. Rahul c Buttler b Ball 11V. Kohli c Buttler b Stokes 55Y. Singh c Billings b Plunkett 45M. Dhoni c Buttler b Ball 25K. Jadhav c Billings b Woakes 90H. Pandya b Stokes 56R. Jadeja c Bairstow b Woakes 10R. Ashwin c Woakes b Stokes 1B. Kumar not out 0J. Bumrah not out 0Extras (lb-8 nb-1 w-13) 22Total (for 9 wickets, 50 overs) 316Fall of wickets: 1-13 A. Rahane,2-37 L. Rahul,3-102 V. Kohli,4-133 Y. Singh,5-173 M. Dhoni,6-277 H. Pandya,7-291 R. Jadeja,8-297 R. Ashwin,9-316 K. JadhavBowling:C. Woakes 10 – 0 – 75 – 2(nb-1), D. Willey 2 – 0 – 8 – 1(w-5),J. Ball 10 – 0 – 56 – 2(w-1),L. Plunkett 10 – 0 – 65 – 1(w-2)B. Stokes 10 – 0 – 63 – 3(w-5)M. Al 8 – 0 – 41 – 0.last_img read more

Football clubs raided by HMRC, arrests made in tax probe

first_img(REUTERS) English football clubs were raided early yesterday morning by tax officials as part of a wide-sweeping probe, with several men arrested for suspected Income Tax and National Insurance fraud.British media were reporting that West Ham United and Newcastle United were targets of the investigation.The London club did not immediately respond to Reuters’ request for comment, while a Newcastle spokesperson said she expected to issue a statement “in due course”.West Ham issued a statement to local media, saying the club was “cooperating fully with HMRC to assist their enquiries”.The body responsible for United Kingdom’s tax collection said: “180 HMRC officers have been deployed across the UK and France today.“Investigators have searched a number of premises in the North East and South East of England and arrested the men and also seized business records, financial records, computers and mobile phones.“This criminal investigation sends a clear message that, whoever you are, if you commit tax fraud you can expect to face the consequences.”HMRC said French authorities were assisting the UK investigation, that they have made arrests and that several locations have been searched in France.A French judicial source with direct knowledge of the matter confirmed to Reuters that a preliminary investigation has been opened and that operations were underway in France and in the UK.The source, who declined to be named, would not elaborate.last_img read more

Dream Team VI Survives Honduras Fightback to Win Bronze

first_imgDuro Ikhazuagbe in RioDream Team VI led by John Mikel Obi put Nigeria on the medals table on sunday with a 3-2 victory over Honduras in the bronze match of the 2016 Olympic Games ending Sunday evening here in Brazil.The bronze is Nigeria’s first medal at Rio2016 after 16 days of competing in nine sports with nothing to show for the outing.But the Nigerian Under-23 male football team who missed playing in the final against host Brazil last night at the iconic Maracana Stadium in Rio due to the defeat it suffered against Germany, rose to the occasion, snatching a three goal-lead against the Central Americans midway through the game. Mikel Obi combined brilliantly with Ezekiel Imoh to set up Sadiq Umar for Dream Team’s first goal in the 34th minute. Aminu Umar increased Nigeria’s lead four minutes into the second half after latching on the ball as Honduras goalkeeper, Luis Lopez struggled to stop Mikel’s shot.Samson Siasia’s wards took the game beyond the reach of Honduras with another goal coming off the boots of Sadiq within six minutes. It was another of Mikel’s assist to make it 3-0.But like every game the Dream Team played at this tournament, the slept off and almost allow the Honduras to cancel out the lead.Antony Lozano pulled one back in the 71st minute, while Marcelo Perreira added another to leave scores at 3-2. Honduras second goal was a costly mistake by goalkeeper Daniel Akpeyi.Despite pushing hard for a third goal Honduras who lost 1-3 to Nigeria at the Four-Nation Invitational Tournament in Suwon, Korea Republic in June could not get the equalizer to force the game into extra-time.The victory meant Nigeria has now won gold, silver and bronze from the men’s Olympic football tournament over the past 20 years. Dream Team won gold in 1996 and picked silver eight years ago in Beijing, also under Siasia.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more