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Invest Turks and Caicos Launches Empowering MSMEs Campaign

first_img Related Items:#Investturks, #magneticmedianews Facebook Twitter Google+LinkedInPinterestWhatsAppProvidenciales, Turks and Caicos Islands, November 9th, 2016 – Invest Turks and Caicos today launched its “Empowering MSMEs” campaign with the goal of empowering small business owners to fulfil their entrepreneurial ambitions by ensuring financial and technical support through the Government’s Micro Small and Medium Enterprise (MSME) programme.April 2016 saw the commencement of the Government’s Micro Small and Medium Enterprise (MSME) programme which is managed by Invest Turks and Caicos with support from the Centre for Entrepreneurial Development (CED) and Ministry of Finance, Investment and Trade.  Governed by the MSME Development Ordinance 2015, the programme makes provision for the Government to provide Concession Orders to qualifying locally-owned businesses operating in any of the identified priority business sectors. The Concession Orders permit the company or start-up to specific benefits, namely: Cash Grant, Customs Duty Reduction and/or Technical Assistance depending on the size of the business.Invest Turks and Caicos is encouraging locally owned small businesses and start-ups to take advantage of the opportunity and apply for financial or technical assistance or customs duty reduction. “Local business owners can now feel a sense of empowerment with access to various assistance” says, Alexa Cooper-Grant, Vice President of Small Medium Enterprise Development. Additionally, there is complete guidance and support through Invest TCI and the Centre for Entrepreneurial Development (CED). Business owners who are interested in applying receive one on one consultation with representatives of the CED and Invest TCI who offer support with formulating a business plan and completing the application process.Donna Gardiner, Owner of Caicos Tea Company and recent recipient of $10,000 cash grant, up to $10,000 in technical assistance and $10,000 customs duty exemption, stated, “Working with Invest TCI and the CED has been an awesome experience”.  Ms. Gardiner, further stated, “I would encourage small business owners to take advantage of the opportunity and apply for the MSME assistance. The process has been very easy and it was a great help to get my business off the ground”.As part of the Empowering MSMEs campaign and to coincide with Global Entrepreneurs Week, the Vice President of Small Medium Enterprise Development will visit the various islands to provide one on one consultation to small business owners interested in applying for MSME assistance. The dates are as follows:November 14, Salt Cay – 9:00 am- 4:00 pm – Salt Cay LibraryNovember 15, Grand Turk – 8:30 am -4:30 pm – CED Office, Windmills PlazaNovember 16, South Caicos – 10:00 am – 4:30 pm – District Commissioner’s OfficeNovember 17, Middle Caicos– 10:30 am- 1:30 pm – District Commissioner’s OfficeNovember 17, North Caicos – 2:00 pm – 4:00 pm – District Commissioner’s OfficePersons interested in applying are advised to call our office at 338 4779 to make an appointment and to visit Invest TCI’s social media pages @investtci on Facebook, Instagram, Twitter and LinkedIn for updates. Facebook Twitter Google+LinkedInPinterestWhatsAppcenter_img For more information on the MSME Programme, visit our website at www.investturksandcaicos.tc/msme or call our office at 338 4779.last_img read more

Mourinho Juventus have huge quality

first_imgManchester United boss Jose Mourinho admits they had a really difficult time in their 1-0 defeat to Juventus in the Champions League on Tuesday nightA Paulo Dybala goal was enough for Juventus to take home all three points from Old Trafford and extend their lead at the top of Group H to five points.Speaking afterwards, Mourinho conceded that their Italian opponents are “a team with huge quality” and that United were simply second-best.“In the other side, there was huge quality. Sometimes people look for [Cristiano] Ronaldo or Dybala but in a top team you have to look to [Giorgio] Chiellini and [Leonardo] Bonucci,” Mourinho told BT Sport.“I think Juventus is this type of team that when they are in front it’s very difficult.”harry maguire, manchester UnitedMaguire says United need to build on today’s win George Patchias – September 14, 2019 Harry Maguire wants his United teammates to build on the victory over Leicester City.During the summer, Harry Maguire was referred to as the ultimate…United managed just one shot compared to Juventus’ 10 and had only 30% of the ball possession throughout the match.“I think our attacking players, things were not coming. But everyone tried, everyone was strong mentally to try until the end,” added Mourinho.“Juventus felt it and they ended the game with an extra central defender to add to the amazing Chiellini and Bonucci. It was a really difficult match for us. I thought we could take something but it was not possible.”The Red Devils remain second in Group H, but have only tasted victory once in their last six games now.last_img read more

Allegri No rest for Ronaldo this weekend

first_imgJuventus boss Massimiliano Allegri intends to start Cristiano Ronaldo for their Serie A game with Empoli on SaturdayRonaldo is quickly establishing himself to be an integral part of the Juventus squad with the Italian side winning 11 of their opening 12 games this season.After scoring their only goal in last weekend’s 1-1 draw against Genoa, Ronaldo again had a vital impact for Juventus at former side Manchester United by helping set-up Paulo Dybala’s 17th-minute winning goal in the Champions League.Now, due to his growing fears that Juventus are not being clinical enough in front of goal, Allegri plans to start Ronaldo on Saturday – just four days after their match at Old Trafford.“He’ll play,” Allegri told reporters on the club website.“Let’s take things one step at a time. I can’t know what’s going to happen in a month. We have two league games and then we have to make sure we get through against United [to the Champions League last 16].“Our passes must be more precise in the final third because we don’t score enough goals for what we produce.”The Italian coach is concerned that his side could slip again just like last weekend, where they conceded a second-half equaliser against Genoa.Franck Ribery, FiorentinaFiorentina owner: “Ribery played better than Ronaldo!” Andrew Smyth – September 14, 2019 Fiorentina owner Rocco Commisso was left gushing over Franck Ribery’s performance against Juventus, which he rates above that of even Cristiano Ronaldo’s.“Empoli play good football and control the ball well. They’ve never lost badly in any game so far,” Allegri said.“It could be a tricky game for us if we don’t face it in the right way.“You can’t always win in football. Genoa scored from a cross when we fell asleep. We had a good game for 55 minutes and we were punished with our first mistake.”Defenders Alex Sandro and Joao Cancelo will also play, while captain Giorgio Chiellini will start if he can prove his fitness in time.Anche voi vi siete svegliati con questo sorriso? 😀#MUFCJuve #UCL #ForzaJuve pic.twitter.com/rTzkfK38QW— JuventusFC (@juventusfc) October 24, 2018last_img read more

Ballack urges Hazard to be more straight with Chelsea

first_imgGerman legend Michael Ballack, explained why he believes that Eden Hazard needs to be more demanding towards Chelsea if he wants to leave.The situation between Chelsea and Eden Hazard is reaching a point where the player is starting to get a little frustrated, club legend Michael Ballack already noticed this and wanted to send the Belgian forward a message.Just this Wednesday, manager Maurizio Sarri came after the player by stating that he is not a leader as a way to push him to make a decision about his future.But Hazard doesn’t want to precipitate anything until Real Madrid makes a move that ultimately convinces him to choose, Michael Ballack doesn’t agree with this behavior because he thinks the fans are the ones who are suffering the most with this whole situation.Eden Hazard is easily the best Chelsea player since Frank Lampard and Didier Drogba left the institution, which is why Ballack considers that the Blues fans have grown quite fond of the Belgian winger and the least he can do is to be straight with them.If Hazard wants to leave the club, all he needs to do is tell the board members and they can make it happen. Playing games is something that a veteran like Michael Ballack never appreciated.It’s time for Eden Hazard to decide whether he wants Real Madrid or Chelsea, according to Michael Ballack 👇https://t.co/GpjkqXdJIF— Goal UK (@GoalUK) January 23, 2019“Eden Hazard has to decide if he wants to stay or not,” he told Omnisport via Four Four Two.“He’s not only an outstanding player at Chelsea but also in the Premier League. Now, he has to decide if he wants to play at an ultimate, top club. That’s what he’s already communicated from time to time.”“In my opinion, he is a little bit too calm, especially at Chelsea. There, he should be more demanding and expressing of his wishes. He can do that because he is in an outstanding position. If he wants to win more titles with Chelsea, something has to happen, otherwise Eden Hazard will think about looking for another opportunity.”The German former player also analyzed the club’s recent form under the Italian manager: “Maurizio Sarri is also from Italy, like former coach Antonio Conte. As we know, Italians focus on discipline and an organized style of play but at the beginning I had the feeling that they want to play a little bit more offensive and creative,” he added.“He is a very relaxed guy who started well, although Chelsea lost some important and easy games now. In the Premier League, that’s dangerous because you lose sight of teams like Liverpool and Manchester City who have a big and well-balanced squad. Then you suddenly suffer a 10-point deficit, which is difficult to cut.”Sergio Ramos, Real MadridZidane reveals Sergio Ramos injury concern for Real Madrid Andrew Smyth – September 14, 2019 Zinedine Zidane has put Sergio Ramos’ availability for Real Madrid’s trip to Sevilla next weekend in doubt after withdrawing him against Levante.“I don’t see any players in the team who really want to attack the top of the table. For the manager, it’s difficult to add quality to the squad. As I said, the squad is good but not good enough for the top.”Chelsea transfer news: Eden Hazard told to DEMAND Real Madrid move by Michael Ballack https://t.co/JjtZYNHPBY #sports #soccer https://t.co/GA5oXyiqcm pic.twitter.com/k2LtupPUgE— Manfred Rosenberg (@4PawShop) January 23, 2019There is still nothing written in stone about Eden Hazard’s future, Real Madrid keeps remaining silent and it kinda looks like president Florentino Perez doesn’t really want to buy the Belgian winger from Chelsea.The player keeps getting mixed signals from the Spanish press and he keeps talking about his burning desire to sign for Los Blancos, but he still doesn’t tell Chelsea what he really wants.This situation is getting tiring for everybody, but mostly for the Chelsea fans because they have a lot of uncertainty about their best player’s future in the club.If Eden Hazard doesn’t decide for himself soon, the whole situation will become uncomfortable for the club and he will have to leave next year for no money because his contract expires exactly one year from now.Chelsea obviously prefers to sell him now, but Real Madrid also remains silent. We will report anything that happens as soon as we get some news on the matter.Nice to see you boss! #CHEEVE @ChelseaFC pic.twitter.com/FLozS3x0Hr— Michael Ballack (@Ballack) November 11, 2018Why do you think Real Madrid doesn’t make a move on Eden Hazard? Please share your opinion in the comment section down below.last_img read more

Lauren Arsenal must choose Denis Suarez over James Rodriguez

first_imgFormer Arsenal defender Lauren has advised the club to focus their efforts on signing Denis Suarez over James Rodriguez.Despite enjoying an impressive debut campaign on loan at Bayern Munich last season, James’ future remains in doubt after starting just five of his nine Bundesliga appearances this term.The Colombia international’s loan deal will expire at the end of the season with Bayern having the option to sign James permanently for €42m or allow him to return to parent club Real Madrid.But it appears that Los Blancos don’t have much interest in retaining James with reports in Spain suggesting that they will use him as part of an exchange deal for Tottenham star Christian Eriksen.Arsenal have also been strongly linked with a move for the 27-year-old over the past few weeks, but any move for him this month is very unlikely after manager Unai Emery admitted they can only make loan signings this month.“I’m not sure that Arsenal should be seriously considering James Rodriguez, even on loan,” Lauren told Bwin. “Rodriguez has got a lot of talent, but the warning signs are there that he hasn’t been able to settle at either Real Madrid or Bayern Munich.Harry Maguire, Manchester UnitedSolskjaer praises Harry Maguire after Man United’s 1-0 win Andrew Smyth – September 14, 2019 Ole Gunnar Solskjaer singled out Harry Maguire for praise after helping Manchester United keep a clean sheet in their 1-0 win over Leicester City.“He comes with a massive wage bill so Arsenal would have to make sure he was fully on board with the philosophy of the club.“Rodriguez has played in the big games for the big clubs so there’s no doubting his talent. If Emery can get the best out of him then he could make a real impact on whether Arsenal qualify for next season’s Champions League. It’s a roll of the dice.”Instead, Lauren believes Arsenal would be better off pursuing a move for Barcelona midfielder Suarez, who is unhappy due his lack of game time at Camp Nou.“Suarez should be Arsenal’s number one target this transfer window,” he added.“He’s an excellent player and he’s having to fight with so many top players to get first-team football at Barcelona. Arsenal should look to sign him above the likes of Rodriguez, no doubt about it.”Lauren played for Arsenal as a right-back for seven years and was a member of the “invincibles” squad that went the entire 2003/04 Premier League campaign unbeaten.The former Cameroon international scored 11 times in 242 appearances for the Gunners and went on to play for Portsmouth and Cordoba before retiring in 2010.last_img read more

Cal Fire reminds public to prep homes for peak wildfire season

first_img Elizabeth Alvarez, June 13, 2018 Posted: June 13, 2018 Elizabeth Alvarez Cal Fire reminds public to prep homes for peak wildfire season 00:00 00:00 spaceplay / pause qunload | stop ffullscreenshift + ←→slower / faster ↑↓volume mmute ←→seek  . seek to previous 12… 6 seek to 10%, 20% … 60% XColor SettingsAaAaAaAaTextBackgroundOpacity SettingsTextOpaqueSemi-TransparentBackgroundSemi-TransparentOpaqueTransparentFont SettingsSize||TypeSerif MonospaceSerifSans Serif MonospaceSans SerifCasualCursiveSmallCapsResetSave SettingsCal Fire firefighters have been very busy responding to several brush fires in the last few days and they say it’s just a sign of what’s to come.Captain Isaac Sanchez with Cal Fire says firefighters have been responding to several brush fires around the region and it isn’t even the peak of the fire summer season yet.“The June Gloom really wears off and we move on further into the summer will certainly see an increase in acreage as well as our fires,” Sanchez said. Categories: Good Morning San Diego, Local San Diego News FacebookTwitterlast_img read more

Adopt a Senior Pet Month is underway

first_img Categories: Good Morning San Diego, Local San Diego News FacebookTwitter Posted: November 3, 2018 Adopt a Senior Pet Month is underway 00:00 00:00 spaceplay / pause qunload | stop ffullscreenshift + ←→slower / faster ↑↓volume mmute ←→seek  . seek to previous 12… 6 seek to 10%, 20% … 60% XColor SettingsAaAaAaAaTextBackgroundOpacity SettingsTextOpaqueSemi-TransparentBackgroundSemi-TransparentOpaqueTransparentFont SettingsSize||TypeSerif MonospaceSerifSans Serif MonospaceSans SerifCasualCursiveSmallCapsResetSave SettingsSAN DIEGO (KUSI) – Adopting pets is important, and this month is shedding light on the importance of providing homes to senior dogs.Sandie Lampie and the Pet Patrol joined us live Saturday morning with more on how you can help. Open Houses every Saturday from 10:00am-1:00pm.1448 Pine Street, Ramona, CA 92065www.frostedfacesfoundation.org center_img November 3, 2018 KUSI Newsroom KUSI Newsroom, last_img read more

first_imgThe state Department of Corrections announced Thursday that Larch Corrections Center will close by Feb. 1, 2011, as part of $53 million in corrections budget cuts ordered by Gov. Chris Gregoire to help balance the 2010-11 state budget. “The executive staff and I struggled with some of our most difficult decisions yet,” Corrections Secretary Eldon Vail said in a letter to all corrections employees. “After nearly three years of budget cuts, we have fewer options to consider. And because we cannot reduce the number of offenders we incarcerate and supervise, the workload remains the same even as we have a smaller budget with which to work.”Larch is about eight miles east of Hockinson in east Clark County in the Yacolt Burn State Forest.Larch staff members were informed about the pending closure at a meeting Thursday at the prison. Teamsters Local 117, which bargains for Larch employees, said on its website that it “is preparing to take legal action to protect the safety of our members and their jobs.”“As soon as cuts are officially announced, we will aggressively challenge the state’s irresponsible action,” the union statement said. Union officials said they plan to hold a number of events to demand “dignity and respect for correctional workers,” including a day of action at the Capitol in Olympia and political roundtables with legislators.Larch employees have invited state lawmakers and legislative candidates to take part in a community town hall today from 5:30 p.m. to 7:30 p.m. at the YWCA Community Room, 3609 Main St. in Vancouver, to discuss the closure.last_img read more

first_imgLearn more at Share.Share, a leading local agency that cares for the hungry and homeless, received a couple of big corporate gifts this month.In both cases, the gifts were driven by the workers themselves, who dug into their own pockets for donations or volunteered their time to leverage the money, which will bolster Share’s efforts to feed hungry children and families over the summer and throughout the year.Telecommunications giant CenturyLink held a “Feed the Children Backpack Buddies Food Drive” in early June at hundreds of company locations across the nation. Employees raised both money and food, and the CenturyLink Clarke M. Williams Foundation then employed “a complicated formula” to calculate its match, said Share spokeswoman Jessica Lightheart. (A call to spokesman Martin Flynn of CenturyLink seeking an explanation of the complexity went unreturned Friday.)The bottom line is, the CenturyLink Foundation allocated $1 million to hunger relief programs around the nation, and the largest single chunk of that money — $183,976 — went to Share in the form of a matching grant. That lifted the total for Share’s annual spring Hunger Appeal drive to $271,334.CenturyLink is the third largest telecommunications company in the United States.And, $20,000 came from Kaiser Permanente’s “KP Gives” Volunteer Grant program. That’s an internal Kaiser program that rewards employees for the time they spend volunteering. “If they volunteer 25 hours in a 12-month period” for a nonprofit agency that provides basic needs or operates self-sufficiency programs, that nonprofit can be eligible for a grant, said grants and donations coordinator Diane Gill.Share’s annual spring Hunger Appeal drive bolsters the agency’s Hunger Response efforts, which include hot meals at Share House, weekend food sent home with schoolchildren, free summer lunches at park programs, and more. Overall, Share’s Hunger Response provides more than 152,500 free meals to hungry men, women and children each year.According to its most recent financial statement, just under 4 percent of Share’s 2012 income, or $243,964, came from foundation grants. Total income for 2012 was $6.43 million.last_img read more

first_imgDAMASCUS, Syria — Syrian President Bashar Assad said Thursday that his country “will defend itself against any aggression,” signaling defiance to mounting Western warnings of a possible punitive strike over a suspected poison gas attack blamed on his regime.U.N. chemical weapons inspectors toured stricken rebel-held areas near the Syrian capital of Damascus for a third day Thursday.Amateur video posted online showed U.N. inspectors wearing gas masks walking through a damaged building. One inspector scooped pulverized debris from the ground, placed it in a glass container and wrapped the container in a plastic bag.The inspectors’ departure from Syria on Saturday could clear the path for possible military action against the Assad regime.U.N. Secretary-General Ban Ki-moon on Thursday urged Western powers to hold off on any decisions until his experts can present their findings to U.N. member states and the Security Council.The suspected chemical weapons attacks took place Aug. 21 in suburbs east and west of Damascus. The humanitarian group Doctors Without Borders has said the strikes killed 355 people.President Barack Obama said he has not decided how the U.S. will respond. However, he signaled Wednesday that the U.S. is moving toward a punitive strike, saying he has “concluded” that Assad’s regime is behind the attacks and that there “need to be international consequences.”last_img read more

first_imgSurveillance video at 7-Eleven on Fourth Plain Boulevard recorded this image early today. Shots were fired early Saturday morning in two armed robberies about an hour apart, both involving a light-green car. o At 3:41 a.m, a light-green sedan stopped near a man walking alone near East 30th and V streets. Four teenagers surrounded him and demanded his wallet and money. One of the teens stepped behind the victim and fired a handgun in the air. The group was last seen driving west on East 32nd Street. o At 4:57 a.m., the lone clerk at the 7-Eleven in the 5600 block of East Fourth Plain Boulevard saw four males enter the store. A white male brandished a chrome-colored pistol. While he was taking money from the store register, he fired one round into the floor. When the four fled the store, a witness saw them get into a light-green car. A surveillance camera caught an image of one of the robbers.Police found a shell casing at each of the locations. Vancouver police ask that anyone with information about the robberies call Det. Wally Stefan at 360-487-7425.last_img read more

first_imgAfter 90 minutes of driving erratically around the county and evading police, a sport utility vehicle crashed into a car in Hazel Dell, injuring one woman. The three people in the SUV were arrested. The incident began in the parking lot of the Safeway in Orchards off Northeast 76th Street, where someone reported a verbal disturbance at 1:18 p.m. When a Clark County sheriff’s deputy arrived, the individuals got back into the SUV and took off, said agency spokesman Sgt. Fred Neiman. As the vehicle drove recklessly through several cities in the county, officers tried multiple times to pull it over, he said. Neiman said the SUV drove to Battle Ground, where it evaded Battle Ground police, and then got on Interstate 5 south, where Washington State Patrol troopers tried to pull over the vehicle. Sometime during the trip, the SUV also went to Ridgefield. Around 2:45 p.m., the SUV crashed into a black Scion on Northeast 99th Street just west of Hazel Dell Avenue, Neiman said. The woman in that vehicle was injured and transported to a local hospital. The SUV’s driver, Thomas Brummer, 31, was arrested and booked into the Clark County Jail on suspicion of eluding police. The two passengers both ran from the crash site and were found by police. Amos Higgins, 30, was transported to a local hospital after complaining of back pain and then booked into jail on an outstanding Department of Corrections warrant. Jessica Robles, 19, was booked into jail for allegedly possessing methamphetamine. The sheriff’s office is investigating the circumstances that led to the crash.last_img read more

first_img Load More RelatedPosts MegaSportsWorld becomes first fully accredited Philippines sports betting operator under strict new regulations Macau Legend slips into loss in 1H19 despite rising revenues Casinos can innovate – and win new fans 向下滾動查閱中文版本 | Scroll down for Chinese versionThe Asian Poker Tour (APT) has shelved plans to incorporate a cryptocurrency element into the upcoming APT Macau Championships 2018 due to regulatory concerns. In a statement sent to Inside Asian Gaming, APT CEO Jeff Mann said that the tour had been considering cryptocurrency as a novel marketing tool to expand the reach and appeal of the APT globally and attract more players from Europe, but confirmed there would be no association, involvement from or usage of cryptocurrency at its Macau event.“Clearly, each APT event is different and we are mindful of local operating guidelines,” said Mann. “I can confirm that the APT Macau Championships will not be associated with cryptocurrency in any way and I apologize for any confusion in the market.”The APT had announced over the weekend a new agreement with cryptocurrency-based online poker room CoinPoker that would have allowed players to satellite into its Super High Roller and main events using CHP currency.The APT Macau Championships 2018 will run from 25 April to 6 May at Babylon Casino.「亞洲撲克巡迴賽」放棄其澳門加密貨幣計劃由於監管方面的考慮,亞洲撲克巡迴賽(APT)擱置了其將加密貨幣元素納入即將舉行的2018 APT澳門錦標賽的計劃。在發給《Inside Asian Gaming》(IAG)的聲明中,APT首席執行官Jeff Mann表示,此次巡迴賽將加密貨幣視為一種新型營銷工具,旨在擴大APT在全球範圍內的影響力和吸引力,並吸引更多來自歐洲的玩家,但他確認APT澳門錦標賽不會與加密貨幣有任何關聯。Mann稱:“顯然,每場APT比賽都是不同的,我們尊重當地運營指南。我可以證實APT澳門錦標賽不會以任何方式與加密貨幣有任何關聯,並為市場的混淆而道歉。”APT週末宣布與使用加密貨幣的在線撲克室 “CoinPoker” 達成一項新協議,該協議允許玩家使用CHP貨幣進入其超級豪客賽和主賽。APT澳門錦標賽”將於4月25日至5月6日在「巴比倫娛樂場」舉行。last_img read more

first_img Load More Police first discovered the illegal gambling ring in early 2017 and had been tracking its activities since before arresting four suspects – named as Vo Van Nghia, Vo Van Hoa, Do Thi Tu Anh and Phan Thanh Hoang – for organizing gambling last week.Another four suspects had their houses searched and over VND300 million (US$13,000) in cash confiscated.The arrests come just a few months after Vietnam police cracked one of the biggest illegal gambling rings in Vietnamese history, having attracted bets totaling VND9.6 trillion (US$419.7 million) since launching in April 2015. The ring had been operated by two prominent Vietnamese tech businessmen and led to a number of high profile arrests including those of former director of the General Police Department under the Ministry of Public Security, Phan Van Vinh, and former director of the ministry’s cyber-crime division, Nguyen Thanh Hoa.Both are suspected of being involved with the gambling ring. Potential for sports betting in Japan Vietnam police have cracked a major online gambling ring which attracted bets of more than US$26 million from Vietnamese players.According to a report in VnExpress, a website named 12bet was at the center of the illegal ring offering sports betting, online casino games and lottery products. Tabcorp cleared as Australian Federal Police close investigation into Cambodia sports betting bribery claims RelatedPosts Indian court denies request to block all online gambling sites during cricket World Cuplast_img read more

15 view frequent pensions regulation changes as a burden

first_imgSome 15% of employer respondents feel that frequent changes to pensions regulation are a burden, according to research by Barnett Waddingham and Standard Life.The Employers’ attitudes to the changing defined contribution (DC) pensions landscape report, which surveyed 76 employers, also found that more than half (52%) of respondents cite regulatory stability as the key factor for DC pensions success.The research also found:Around a quarter (23%) of respondents say that addressing regulations is their short-term pension scheme objective.29% of respondents include keeping up with and implementing these regulatory changes among their long-term objectives.17% of respondents feel that they require more regulatory support for their pension schemes.Paul Leandro, partner, workplace health and wealth at Barnett Waddingham, said: “Employers want to do what’s right by their employees and are yearning for regulatory stability to allow them to do so.“Although our research shows there is still a long way to go to improve confidence that there will be such stability, recent announcements that the government has dropped plans to end or alter tax relief on pensions demonstrates a willingness to address employers’ concerns.”Alan Ritchie (pictured), head of employer and trustee propositions at Standard Life, added: “Keeping up with regulation has continued to be a distraction for employers, which is a natural consequence of so much change in recent times.BESbswyBESbswyBESbswyBESbswyBESbswyBESbswyBESbswyBESbswyBESbswyBESbswyBESbswyBESbswy“If we now have a period of relative calm in regulation then employers will be able to focus on the list of things they really want to do for members to enhance their outcomes.”last_img read more

62 manage autoenrolment administration inhouse

first_imgAlmost two-thirds (62%) of employer respondents manage the administration of pensions auto-enrolment in-house, according to research by Chase de Vere and Lightbulb.The research, which surveyed 300 senior HR decision makers in the UK, also found that more than a third (37%) of respondents cite administration as the biggest challenge to implementing auto-enrolment.The research also found:23% of respondents name cost as the most challenging aspect of implementing auto-enrolment, 10% cite making time for planning and meetings as the main challenge, and 9% view communications as the biggest challenge.Less than one in 10 (7%) respondents cite dealing with queries as the biggest challenge encountered when implementing auto-enrolment, followed by technology (6%), and a lack of support (6%).15% of respondents manage auto-enrolment administration through their pension provider, and 11% do so through payroll or an accountant.42% of respondents receive support from a financial adviser when implementing auto-enrolment, and 32% receive support from their pension provider.Sean McSweeney (pictured), corporate advice manager at Chase de Vere, said: “We are fully supportive of pension auto-enrolment. This is an important initiative as we are facing a pension time-bomb with people living for longer and not saving enough to support themselves in retirement. However, the burden of implementing auto-enrolment has fallen on employers and they can face real challenges. Our research shows that administration is their biggest concern and this will continue as employers have to abide by ongoing rules, although costs will also rise for many employers as minimum contribution levels are increased in April 2018 and again in April 2019.“It’s not surprising that employers are trying to manage their auto-enrolment scheme with little or no support, although this could be a false economy. To get the maximum benefit for the money they are spending, employers need to regularly review their pension arrangements and ensure effective communication and engagement with their employees.”last_img read more

Up to 30 of DB pension members over 55 moving to access

first_imgBetween 20% and 30% of active defined benefit (DB) pension scheme members over the age of 55 are transferring out of their scheme in order to access pension freedoms as a result of receiving paid-for financial advice, according to research by Willis Towers Watson.The organisation used data it collated in its 2018 IFA members choices survey from financial advisory firms, alongside its own experience to analyse the choices made by 200,000 DB pension scheme members in 400 schemes since April 2015, who have been offered impartial financial advice paid for by their pension scheme. This group has also been informed about, and offered access to, the flexibilities provided through pension freedoms.The research also found that one in 10 (10%) of DB pension members who transferred out of their scheme bought an annuity in 2017-2018, compared to 43% in 2016-2017. The minority (1%) took their funds as cash in 2017-2018, compared to 89% who opted to take their funds over time through drawdown or using a combination of drawdown and other options.A third (33%) of pensioners accepted a pension increase exchange (Pie) offer in 2017-2018, compared to 35% of pensioners who did this in 2016-2017.Abigail Currie (pictured), head of member options at Willis Towers Watson, said: “These options can help manage the costs and risk of running a DB scheme, but can also appeal to a significant proportion of DB scheme members.“Not all DB pension schemes have taken action in relation to providing members with information about their options and provision of financial advice, but even some of these schemes are experiencing significant volumes of members transferring out. This can bring with it a strain on scheme administration and the risk of members making decisions which may not be in their best interests. Where a pension scheme is more proactive in terms of member communication and the provision of access to impartial financial advice, these risks are better mitigated.“However, even schemes that do proactively communicate and provide access to impartial financial advice have experienced very different outcomes amongst their population, particularly in relation to transfer exercises. This highlights the importance for DB scheme trustees and sponsors of understanding the context of their scheme, communicating in an engaging way with their members, and understanding how and where members can receive the financial advice they need if they wish to consider their options.”last_img read more

Possible tornado destroys a dozen homes in Okeechobee

first_imgOKEECHOBEE, Fla. (WSVN) — A strong storm swept through Okeechobee, destroying at least a dozen homes, Thursday.The National Weather Service is investigating if a tornado touched down in the area.In addition to the damage done to the homes, the storm also tore down trees and blocked roads.Several car accidents were also reported.The County Sheriff says no deaths were reported.Copyright 2019 Sunbeam Television Corp. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.last_img read more

Officials issue swim advisory for areas near Key Biscayne

first_imgMIAMI (WSVN) – Officials have issued a swim advisory for areas near Key Biscayne.According to a press release, samples of beach water collected at Crandon North, Crandon South and Key Biscayne Beach Club came back positive with the bacteria enterococci.As a result of the bacteria, officials recommend that residents avoid swimming and other recreational water activities in these areas.For more information, go to http://www.flhealth.gov and Select Beach Water Quality, from the Environmental Health Topics List.Copyright 2019 Sunbeam Television Corp. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.last_img read more

Miami Gardens man struck and killed while crossing street

first_imgMIAMI GARDENS, FLA. (WSVN) – A man was struck and killed while crossing the street in Miami Gardens.The 66-year-old man was hit along Northwest Second Avenue and Northwest 183rd Street.The driver remained at the scene.Police have closed the area off while they investigate.Copyright 2019 Sunbeam Television Corp. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.last_img