NOW: Pensions authorised by UK regulator

first_img Stanplan A Run by Standard Life  Universities Superannuation Scheme DC section of USS, the UK’s largest pension fund  Industry-Wide DC Section DC section of RPMI Railpen  Atlas Master Trust Run by Capita   Fidelity Master Trust  Standard Life DC Master Trust  Aegon Master Trust  The Pensions Trust (TPT Retirement Solutions)  The Baptist Pension Scheme Oversees pensions for the UK’s Baptist churches NOW: Pensions was launched in 2011 by Danish pension giant ATP. Despite growing into one of the largest auto-enrolment providers, it has faced a number of issues.A change of administration provider in 2014-15 led to problems processing and investing contributions. The provider removed itself from TPR’s list of approved master trusts in 2017 and was fined £70,000 by TPR in 2018 in connection with the problems.The provider has also been criticised by rivals for its charging structure, with some arguing that it is possible for smaller pots to be eroded down to zero over time. ATP sold NOW: Pensions to Cardano earlier this year, with Patrick Luthi subsequently replacing Troy Clutterbuck as CEO.NOW: Pensions is the pension provider for IPE International Publishers.Other trusts authorisedThe other trusts signed off by TPR today were Scottish Widows’ multi-employer DC fund, Punter Southall’s Aspire Savings Trust, and the ITB Pension Funds, which runs £1.3bn worth of defined benefit and DC pensions for the construction industry.Steve Butler, CEO of Punter Southall Aspire, said: “The authorisation process has been rigorous. It involved a complete examination of our scheme’s capabilities, including our systems, processes and technology, our governance and financial sustainability. We are delighted to have met the standards, which was an important last step for us being ready to welcome new members.” Today’s announcement brought the total number of authorised auto-enrolment providers to 31. TPR received 38 applications in total. No master trust has failed the authorisation process so far.DC master trusts were required to apply for authorisation by 31 March this year as part of the UK’s efforts to improve standards in the auto-enrolment market. It included new capital requirements, formalised processes and higher governance standards.As of today, the full list of authorised trusts is as follows:Authorised master trusts Master trust   Workers Pension Trust Northern Ireland-based provider  Creative Pension Trust Run by HS Admin  NEST  The Cheviot Pension Run by the Cheviot Trust  Scottish Widows Master Trust  LifeSight Run by Willis Towers Watson  Legal & General Worksave Master Trustcenter_img  National Pension Trust Run by XPS Pensions Group  Aspire Savings Trust Run by Punter Southall  The ITB Pension Funds Construction sector scheme  Mercer Master Trust  The Bluesky Pension Scheme Run by Evolve  Legal & General Worksave Master Trust (RAS)  NOW: Pensions Run by Cardano  The People’s Pension  Ensign Retirement Plan DC section of the Merchant Navy Officers’ Pension Fund NOW: Pensions, one of the UK’s largest master trusts, has been authorised by the country’s regulator.The £1.3bn (€1.5bn) multi-employer defined contribution (DC) fund’s authorisation was announced this morning by The Pensions Regulator (TPR) along with that of three other master trusts.Joanne Segars, chair of trustees at NOW: Pensions, said: “The master trust authorisation regime ensures high standards are upheld, giving workers enrolled into a workplace pension the confidence that their employers have chosen their pension provider wisely. “We want workers to feel reassured that their hard-earned pension savings are being regulated and are in responsible hands. As the number of people enrolled is only set to rise, it is important that the industry is held accountable.”  The SEI Master Trust  The Lewis Workplace Pension Trust Run by financial advice firm Lewis Investments  Aviva Master Trust Master Trust Run by Smart Pension  The Aon Master Trustlast_img read more

All Blacks’ Barrett brothers introduce their sister Zara, raising awareness for Down syndrome

first_imgStuff 12 August 2019Family First Comment: “People with Down syndrome need to feel loved and included.”#chooselifewww.lovethemboth.nzAll Blacks stars, the Barrett brothers, have shared the story of their 16-year-old sister Zara – a teenager who is “funny, cheeky, very honest” – and has Down syndrome.“She’s so honest, and we love that about her,” Beauden Barrett said of his little sister, who they call “Zars”.“People with Down syndrome need to feel loved and included.”The Barrett family, dairy farmers in coastal Taranaki, includes eight children all up – fellow All Black Blacks players, Scott and Jordie, two other brothers, and three sisters. They spoke to Newshub to raise awareness for the charity UpsideDowns.Down syndrome can occur in any family, regardless of history. It happens when “cells contain an extra chromosome, number 21”, according to the New Zealand Down Syndrome Association.People with Down syndrome have delays in development and learning. Speech therapy can help improve their communication skills, however this is only available through private practitioners and can cost between $4000 to $10,000 a year.UpsideDowns is an education trust that aims to help children with Down syndrome “develop their communication, confidence and independence, and the right to participate fully in society”.Beauden, told NewsHub: “Zara without speech couldn’t keep us honest, couldn’t share her views and points – and tell us how much she actually loves us and cares for us and supports us.“It is super special that she can do that. She’s so awesome and we love that about her. She calls it how she sees it and she appreciates the simple things in life.READ MORE: read more

H&L Winners Connection rout Hi Stars 7-0 after Coomacka upset TOPP XX 2-1

first_imgBy Joe ChapmanA shock 2-1 win by Coomacka FC over Topp XX and a crushing 7-0 triumph by Haynes and Lewis Winners Connection over Hi Stars highlighted play Sunday night when the Divine Entertainment Summer Super Cup football championship continued at the Mackenzie Sports Club ground in Linden.The results have left the remaining round of play in the four groups of three in this twelve team tournament still undecided, as to which teams are definitely through at this stage ahead of qualification into the final four.The first game was between the Coomacka Mines side which, in playing their first game, stopped Topp XX 2-1, after taking the initiative from the 1st minute of the game through Lionel Peters for a 1-0 score. However, Topp XX were able to level the scores as Shawn Daniels showed his class with a fine finish which came five minutes after the early set back in the 6th minute, for a 1-1 score-line.The battle continued in this opening period between the two lowly rated teams and neither team was able to get the go ahead goal as lemon time came.Second-half play saw some equal exchanges as the lesser known Coomacka did not give in to their opponents and were rewarded when, in the 85th minute, they separated themselves with the winning goal which was scored off the boot of Cassie Campbell, as the Mines team came away with a 2-1 victory in the end.This means that after similar wins by Eagles United and Coomacka over Topp XX, they face-off tomorrow night  to see which of the two will qualify out of Group C into the final four of this tournament.The second game was a lopsided affair in favour of the higher ranked Winners Connection as they tore apart the challenge of their lesser known opponents who could not match their play. Shaquille Frank continued to show his scoring prowess with a brace in the 40th and 62nd minutes. This was initially triggered by the double-strikes off the boot of Errol Haynes in the 14th and 22nd minutes. The other goals in the rout were singles from Akeem Caesar (42nd), Ravon Haynes (58th) and Malachi Todd (86th minute).However, the Winners Connection have ended their outing with a win and a draw and are hoping that the clash between Capital FC and Hi Stars would not result in a larger margin of win for the more favoured Capital FC side, who played to a 1-1 draw, or perhaps hope for a small upset by the underdogs, Coomacka, come tomorrow night.last_img read more

Gold is gold – Sidorova

first_img(REUTERS) – RUSSIAN pole vaulter Anzhelika Sidorova said her victory at the world championships on Sunday had not been overshadowed by the absence of her country’s flag and the scandal surrounding its athletics federation.The 28-year-old Russian, who cleared 4.95 metres on her third and final attempt, said she felt slightly uncomfortable seeing the silver and bronze medallists celebrate with their flags but was too caught up in her own emotions to be bothered.“All that is not too comfortable but I was so happy,” she said. “I was just so happy that I didn’t really think about it… Gold is gold.”Russia’s athletics federation has been suspended since a 2015 report commissioned by the World Anti-Doping Agency (WADA) found evidence of mass doping in the sport.Since then some Russian athletes have been cleared by the IAAF, athletics’ global body, to compete internationally as neutrals after demonstrating that they were training in a doping-free environment.Barred from wearing their national colours or celebrating with their flag, Russia’s neutral athletes are serenaded by the IAAF anthem if they win gold.Sidorova’s all-time best result left American rival Sandi Morris with silver in her third successive major championship. Greek Ekaterini Stefanidi, the title-holder and Olympic champion, took bronze.Morris, the 2016 Olympic silver medallist, said she had no hard feelings about Sidorova’s status as a neutral athlete.“Sidorova is a friend of mine,” Morris said. “She can’t help what is going on politically.”Drained by her showdown with Morris, Sidorova said she knew her final jump was her last chance to claim the title.“I thought this is a chance that needed to be taken,” she said. “If not, I would have had to jump again and I didn’t really have the strength at that point.”When she returns to Russia, Sidorova plans to celebrate her gold medal with whipped cream she bought before travelling to Doha.“I’ll come home and just eat it all,” she said, chuckling.last_img read more