New UK government quick to re-introduce pension schemes bill

first_img“With the reintroduction of the Pension Schemes Bill as one of its first acts following the election, we are pleased the government is prioritising the £2trn pension sector,” said Nigel Peaple, director of policy at the association.Charles Counsell, chief executive officer at The Pensions Regulator (TPR), said it welcomed “the prompt re-introduction” of the bill.Tyron Potts, associate and head of pensions research at Barnett Waddingham, said the reintroduction of the pension schemes bill meant the regulator would soon be in a position to launch its first consultation on a brand new code of practice for defined benefit (DB) pensions funding.“In turn, this will provide helpful guidance around the legal obligation for DB schemes to align investment and funding approaches to a long-term objective – an obligation which TPR has in any case been encouraging schemes to look at now rather than waiting until [the legislation receives] Royal Assent.”The PLSA’s Peaple highlighted that the bill did not provide a schedule for the planned removal of the lower earnings limit to automatic enrolment contributions, “meaning millions missing out on extra saving with employer support and tax relief”.According to Peaple there is also room for improvement with regard to new criminal sanctions and civil fines intended to prevent scheme sponsors from deliberately evading their responsibilities.“[C]urrent drafting is too loose and risks applying far more widely than intended,” he said. The UK’s new government has brought back the workplace pensions bill that its predecessor introduced in October shortly before last month’s general election was called.The pension schemes bill was introduced in the House of Lords yesterday although the date for a first substantive debate on all aspects of the bill has not yet been scheduled.No major differences with the bill’s predecessor have been highlighted by experts so far. Like the bill tabled in October, the new draft legislation includes provisions to enable the pension dashboard and collective defined contribution (CDC) schemes and strengthen the regulator’s powers, but does not introduce a framework for consolidation of defined benefit schemes into so-called superfunds.The country’s main pension fund lobby group, the Pensions and Lifetime Savings Association (PLSA), today welcomed the speed with which the government has brought back the bill.last_img read more

2016 national de­cal placement program announced for IMCA Sunoco Stock Cars

first_imgVINTON, Iowa – The final portion of IMCA’s 2016 national decal program have been announced, with information released for the Stock Car division.Dirt Defender has signed on as part of that program, which also includes EngineQuest – title sponsor for both Northern and Southern regions – Speedway Motors, Intercomp, Holley, MSD, Sunoco and Fast Shafts.“The Stock Car division was the last to be announced because we wanted to confirm a couple of agreements and make sure we got Dirt Defender on board,” IMCA Marketing Director Kevin Yoder said. “Now that we have those solidified we’ll get the decals distributed before the majority of our tracks open weekly.”Drivers must provide proof of decal placement to become eligible for national and regional point fund shares. Car photos can be mailed to Yoder at the IMCA home office or emailed to kyoder@imca.com.Decal packets, which also include applicable contingency sign-up forms, are being mailed beginning this month to drivers who have purchased 2016 licenses.Deadline for submitting car photos and contingency forms is Aug. 1.last_img read more

‘If I stay’ will be played this weekend at Wellington Regent

first_imgThis week at the Regent Theater: “If I Stay.” (Movie trailer is below).When: Friday 7 and 9:15 p.m. Saturday, Sunday 2 p.m. and 7 p.m.Rated: PG-13. Time: 1 hour and 46 minutes.Movie Synopsis: Mia Hall (Chloë Grace Moretz) thought the hardest decision she would ever face would be whether to pursue her musical dreams at Juilliard or follow a different path to be with the love of her life, Adam (Jamie Blackley). But what should have been a carefree family drive changes everything in an instant, and now her own life hangs in the balance. Caught between life and death for one revealing day, Mia has only one decision left, which will not only decide her future but her ultimate fate. “If I Stay” is based on the best-selling novel of the same name. (c) Warner Bros Rotten Tomatoes rating (movie critics collective approval ratings): 37%. Audience review: 67% approval.Movies ahead at Regent Theater:Oct. 3-5 – DolphinTale 2.Oct. 10-12 – The Maize Runner.Coming soon:No Good Deed.Halloween weekend – The Rocky Horror Picture Show!Follow us on Twitter. Close Forgot password? Please put in your email: Send me my password! Close message Login This blog post All blog posts Subscribe to this blog post’s comments through… RSS Feed Subscribe via email Subscribe Subscribe to this blog’s comments through… RSS Feed Subscribe via email Subscribe Follow the discussion Comments Logging you in… Close Login to IntenseDebate Or create an account Username or Email: Password: Forgot login? Cancel Login Close WordPress.com Username or Email: Password: Lost your password? Cancel Login Dashboard | Edit profile | Logout Logged in as Admin Options Disable comments for this page Save Settings You are about to flag this comment as being inappropriate. Please explain why you are flagging this comment in the text box below and submit your report. The blog admin will be notified. Thank you for your input. There are no comments posted yet. Be the first one! Post a new comment Enter text right here! Comment as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Submit Comment Subscribe to None Replies All new comments Comments by IntenseDebate Enter text right here! Reply as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Cancel Submit Comment Subscribe to None Replies All new commentslast_img read more