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first_imgThe DWP said that it recognised “the additional challenges and risks” a flat fee structure can present, but that its view was not to ban flat fee structures outright but to consider incorporating new conditions intended to limit their application in circumstances where scheme members would lose out.More specifically, it said it was considering measures that would set a minimum pot size before a flat fee could be charged.In a blog post, Henry Tapper, former director at First Actuarial and now looking after his own company, Age Wage, said the DWP’s suggestion with respect to flat fee charging was “the one new idea” in DWP’s consultation.“This will be painful,” he wrote. “Small pots are already causing a lot of pain to master trusts and they are moving to combination charges out of financial necessity.”Transaction costs, CTI take-upAs part of its “call for evidence” the DWP is also is seeking industry views on including transaction costs within the 0.75bps charge cap.It said it wanted to “assess the effectiveness of any measures designed to improve disclosure of transaction costs before deciding whether a cap on these costs would be appropriate, and if so, at which level it should be set”.The DWP is also seeking input on options to assess and widen take-up of the standardised cost disclosure templates developed by the industry Cost Transparency Initiative (CTI).Questions it is asking include whether legislative information is required to support adoption of the CTI templates, and how easy it is to request cost information from asset managers.There is no industry-wide data on the use of the CTI templates, although the CTI has reported strong take-up.The DWP’s consultation can be found here. It is open until 20 August. The DWP said it aimed to bring forward proposals in response to the consultation later this year.To read the digital edition of IPE’s latest magazine click here. The Department for Work and Pensions (DWP) has suggested imposing new conditions on the use of flat fees in default arrangements in defined contribution (DC) auto-enrolment schemes.It is seeking industry views on this as part of a wider consultation on the charge cap for default DC auto-enrolment arrangements and standardised cost disclosure.A flat annual fee can be combined with a percentage of funds under management for one of two permissible combination charging structures for default funds in DC auto-enrolment arrangements.While seen as providing the greatest benefit to members with the largest funds, flat fees have been criticised for having a regressive effect on small pension pots.last_img read more

first_img Chris Matthews – Buzz BingoBuzz Bingo, operator of the UK’s largest retail bingo network has confirmed the appointment of London public relations firm Hope&Glory as lead communications agency.The appointment sees Hope&Glory manage Buzz Bingo’s press office, media contacts and creative communications for campaigns, running across the operator’s 119 bingo premises’ nationwide.Following a £40 million makeover, Buzz Bingo is the new brand identity of Gala Leisure, the former retail bingo operating unit of Gala Coral UK, a division sold to private equity fund Caledonia Investments in 2015 for £250 million.Led by new Chief Executive Chris Matthews, a rebranded Buzz Bingo would relaunch nationwide in October 2018 seeking to attract new audiences to UK bingo.Speaking to PR Week, Chris Matthews commented on Buzz Bingo plans – “Our focus is always on our players and providing them with somewhere they can go to have fun and feel part of a community, no matter who they are or where they’re from,”“We’re very excited to welcome Hope&Glory to the team and can’t wait to get working on some new campaigns.”Hope&Glory is recognised as one of the UK’s leading PR agencies, specialising in retail communications for large scale enterprises and marketing campaigns.Laura Silbey – Hope&GloryThe London agency has worked and represented for numerous UK top spend advertisers including – Adidas, IKEA, 02, Argos and UBER Eats.Backing Buzz Bingo, Hope&Glory PR director Laura Silbey added: “It’s an exciting time to be working with Buzz Bingo and we’re looking forward to collaborating to make the brand – and the game of Bingo – more famous among a wider audience.” GVC reprices and relocates its corporate debt holdings February 11, 2020 Submit Share Share Buzz Bingo to close 26 UK venues placing 570 jobs at risk  July 15, 2020 Related Articles StumbleUpon Affiliate leaders confirmed for CasinoBeats Malta 2020 February 21, 2020last_img read more

first_imgAt the second, the establishments are solely discussing coaching: the singles have already began since Monday, whereas the group ought to do it on the 18th, one thing that’s nonetheless in the air. One other difficulty that additionally worries gamers and groups is the obligation in case of recent positives, which in accordance to Italian laws could be thought-about as an accident at work.It appears difficult, anyway, {that a} resolution is made quickly, as imagined at the finish of final week. The authorities has different priorities and prefers to await the evolution of the pandemic in the nation, which has simply entered part 2, with reopening in many actions. Minister Spadafora, who till just lately was the hardest opponent for the resumption of competitions, is altering discourse, though cautiously: “In the Authorities we hope that every one championships could be resumed, however as we speak it’s not possible to converse of dates, it’s going to rely on the contagion curve in the next two weeks. “ The assembly between the Scientific Technical Committee of the Italian Authorities and the representatives of Federcalcio has ended. Two, in accordance to ‘La Gazzetta dello Sport’, are the subjects which have taken the longest time in the hour and a half of dialogue: the lack of checks to detect COVID-19 in some areas of the nation (comparable to Lombardy, the area most affected by the virus) and, above all, what to do if a brand new constructive seems amongst the gamers. The scientists will now publish a report to be delivered to the Minister of Well being, Roberto Speranza, who will then talk about the difficulty with Prime Minister Giuseppe Conte and with Sports Minister Vincenzo Spadafora.last_img read more

first_imgA man who broke into a city business and stole a quantity of items, including plastic bags used to package ice was on Wednesday jailed for 18 months by Chief Magistrate Ann McLennan at the Georgetown Magistrates’ Courts.Michael Singh of Lot 18 Enmore, East Coast Demerara, pleaded guilty to the break and enter charge which stated that between 4 and 5 June, 2016 at Robb and King Streets, Lacytown, Georgetown, he broke and entered the Country Pride Ice Store and stole 1 trolley, 1 trolley wheel and ice bags, a total value of $46,000.Singh was also slapped with a second charge which stated that between 28 and 29 June, 2016 at the same location, he stole 1 cooler and one fan a total value of $30,000, property of Butch Parmanand.The virtual complainant (VC) Parmanand said this is the fourth occasion that his store has been broken into by the defendant.The defendant told the court that he did steal the cooler but not the fan.The prosecution stated that on July 4, 2016, the VC secured his store with the items inside, but upon return, the northern door of the store was opened and the articles listed were missing.The CCTV footage showed the defendant removing the items. The matter was reported, an investigation was carried out and the defendant was arrested.The defendant admitted to the crime and was subsequently charged.For the second charge, the prosecution facts stated that on June 28, 2016 at 18:00h, the VC secured his store and returned to find a hole in the western wall of the building and discovered that the items were missing.Singh was found guilty by Chief Magistrate McLennan.last_img read more