Government commits to maintaining ‘triple lock’ state pension uprating for UK expats in Europe in the event of no-deal Brexit

first_img The government has allayed concerns it may stop increasing the state pension in line with inflation for hundreds of thousands of expats retiring to countries in the EU.Currently, UK expats who have retired to the bloc receive the so called triple lock uprating, meaning their state pension rises in line with the highest of average earnings, inflation or 2.5 per cent. Doubts emerged last year that expats who had retired to the bloc would stop receiving the uprating in the event of a no deal scenario after a December announcement by the Department for Exiting the European Union (DExEU).In the policy paper, DExEU pledged only to maintain the triple lock if the EU reciprocated with its own expat citizens in the UK.But in response to a written parliamentary question on the issue, Conservative peer Baroness Peta Buscombe said the government “will uprate the UK state pension for those living in the EU in 2019-20”.Analysts at AJ Bell estimate it will cost the government around £400m a year to do this.It remains unclear what would happen beyond the end of next year if, in the event of a no deal scenario, the EU refused to reciprocate the triple lock uprating. Government commits to maintaining ‘triple lock’ state pension uprating for UK expats in Europe in the event of no-deal Brexit Share whatsapp whatsappcenter_img Buscombe added: “We want to secure continued reciprocal arrangements covering the uprating of State Pensions in the EU even in the event of a ‘no deal’ exit,” seeming to refer to DExEU’s previous statement.The UK state pension “will continue to be payable worldwide following the UK’s departure from the EU,” she said. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBetterBe20 Stunning Female AthletesBetterBeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldFinance Wealth PostTom Selleck’s Daughter Is Probably The Prettiest Woman To Ever ExistFinance Wealth PostMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastJohn Wick Stuntman Reveals The Truth About Keanu ReevesTotal PastGive It LoveThese Twins Were Named “Most Beautiful In The World,” Wait Until You See Them TodayGive It LoveNoteableyFaith Hill’s Daughter Is Probably The Prettiest Woman In The WorldNoteableymoneycougar.comDiana’s Butler Reveals Why Harry Really Married Tuesday 8 January 2019 12:44 pm Alex Daniel Tags: Pensionslast_img read more

Protesters face tear gas as Hong Kong prepares for a general strike

first_imgSunday 4 August 2019 4:20 pm Police fired tear gas at pro-democracy protesters in Hong Kong today as the city prepares for a general strike tomorrow. August Graham It comes after months of demonstrations sparked by a new bill which would have allowed the government to extradite its citizens to China. whatsapp Protesters face tear gas as Hong Kong prepares for a general strike HONG KONG, HONG KONG – JUNE 12: Protesters pour water on to a teargas canister during a protest on June 12, 2019 in Hong Kong China. Large crowds of protesters gathered in central Hong Kong as the city braced for another mass rally in a show of strength against the government over a divisive plan to allow extraditions to China. (Photo by Anthony Kwan/Getty Images) More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeUnderstand Solar$0 Down Solar in Scottsdale. How Much Can You Save? Try Our Free Solar Calculator Now.Understand SolarLiver Health1 Bite of This Melts Belly And Arm Fat (Take Before Bed)Liver HealthPsoriatic Arthritis | Search AdsWhat Is Psoriatic Arthritis? See Signs (Some Symptoms May Surprise)Psoriatic Arthritis | Search AdsGraber BlindsWindow Treatments So Sophisticated, It’s Hard to Believe They’re so AffordableGraber BlindsBest Selling Grills | Search AdsTraeger Blaze & American Grills On SaleBest Selling Grills | Search Adsbonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comWolf & ShepherdNFL Star Rob Gronkowski Loves These ShoesWolf & ShepherdPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryFilm OracleThey Drained Niagara Falls – Their Gruesome Find Will Keep You Up All NightFilm Oracle The proposed law was seen as another in a long line of encroachments of Beijing into Hong Kong’s special status. whatsappcenter_img Police said the people were “participating in an unauthorised assembly,” and fired tear gas into the crowds. Share The protests morphed into a wider pro-democracy movement after the city’s leader Carrie Lam suspended the vote on the bill. The site has been a flashpoint for previous protests in the city. The city is one of the world’s biggest financial centres, and a general strike tomorrow hopes to bring the hub to a halt. Protesters fear that mainland China is trying to seize control over its independent judiciary. Thousands of people had gathered in the city’s Western district to urge the government to listen to their citizens. However, as they marched towards the Chinese liaison office in the city, police tried to disperse protesters. last_img read more

Walker budget proposes fix for spring ferry funding foul-up

first_imgJuneau | Southcentral | Southeast | Southwest | State Government | Syndicated | Tourism | TransportationWalker budget proposes fix for spring ferry funding foul-upDecember 19, 2017 by Ed Schoenfeld, CoastAlaska News Share:The ferry Malaspina makes a rare appearance near downtown Sitka in 2010. All marine highway vessels will have to shut down this spring if a budget gap isn’t filled. (Photo by Ed Schoenfeld/CoastAlaska News)Gov. Bill Walker’s new budget fills a gap that could have shut the ferry system down for much of the spring. The spending plan, released Dec. 15, also funds the full Alaska Marine Highway schedule for the next fiscal year.Audio Player Up/Down Arrow keys to increase or decrease volume.A complex provision in this fiscal year’s budget cut about a fifth of the marine highway’s funding.If the money isn’t replaced, General Manager Capt. John Falvey said ships will stop sailing.“We feel we can operate the ferry system until approximately the middle of April 2018. Then we would in essence have to shut the system down,” he said.It wouldn’t start up again until the next budget year starts July 1. So all ferries would be tied up for about two and a half months.But there’s a remedy in the Walker administration’s budget. It restores the funds – about $24 million. And that would allow the ferry system to continue serving its about 35 port communities — if it remains in the spending plan.The fast ferry Fairweather docks at Juneau’s Auke Bay Ferry Terminal in 2013. (Photo by Ed Schoenfeld/CoastAlaska News)“I would think the Legislature will support it,” said Sitka Republican Sen. Bert Stedman, who chairs his chamber’s transportation committee.He said he expects opposition. But so far, House and Senate Finance Committee leaders haven’t disapproved.“The co-chairs have been notified over a month ago by letter that this was coming and if they didn’t agree to it to let the administration know. As far as I know, there was no objections to it,” he said.The Alaska Marine Highway System money is in what’s called the supplemental budget. It includes appropriations that fills gaps in this fiscal year, which ends June 30.Funding for the fiscal year starting July 1 is listed in the operating budget. Walker’s version proposes a small drop in ferry system funding, less than 1 percent.But Falvey said service will increase slightly, because some ships are cheaper to sail than others.“We will run the Columbia a little less and the Malaspina a little bit more. Because of the ship configuration that we have this year, even with a little less money, we will be able to run a few more weeks of service,” he said.Next year’s marine highway budget is just under $140 million.Walker’s spending plan also includes money for a small, separate nonprofit Inter-Island Ferry Authority.“It’s the thing that keeps us solvent,” said General Manager Dennis Watson.It sails one route connecting Hollis on Prince of Wales Island and Ketchikan.“We come within 15 to 20 percent of making our operating costs out of the fare box. So we fall a little bit short at the end of the year. And this helps. This makes up that,” he said.The amount is $250,000, the same as has been requested in earlier years.The governor’s budget lists his administration’s priorities. But the Legislature will make the final decisions. That means it could take months before either ferry system knows what it’s funding will be.Share this story:last_img read more

New York City sues oil industry over climate change

first_imgAlaska’s Energy Desk | Climate Change | Energy & Mining | National NewsNew York City sues oil industry over climate changeJanuary 10, 2018 by Rachel Waldholz, Alaska’s Energy Desk Share:New York City Mayor Bill de Blasio, center, announced that the city is suing five major oil companies over climate change. The city also announced it will divest from companies owning fossil fuel reserves. (Photo courtesy of New York City Mayor’s Office)New York City is taking aim at the oil and gas industry.Mayor Bill de Blasio announced today that the city is suing five oil and gas companies – including Alaska’s top three oil producers – and seeking to hold them responsible for damages caused by climate change.The suit names Exxon Mobil, BP and Conoco Phillips along with Chevron and Royal Dutch Shell.The city also announced it will divest its pension funds from all companies that own fossil fuel reserves.In making the announcement, De Blasio had tough words for the oil and gas industry. He recalled the aftermath of Hurricane Sandy, which crippled New York City in 2012.“I remember how desperate it was,” de Blasio said. “I remember how much fear and confusion there was. And this was a tragedy that was wrought by the actions of the fossil fuel companies. Let’s be clear. That’s where it came from.” The city argues that the five companies are responsible for a significant fraction of greenhouse gas emissions, and that the oil industry overall misled the public about the risks of climate change. The oil industry has disputed that claim.Several California communities have also brought similar cases.In response to the lawsuit, Exxon Vice President Suzanne McCarron posted a statement online.“I want to use this opportunity to be 100 percent clear about where we stand on climate change,” McCarron wrote. “We believe the risk of climate change is real and we are committed to being part of the solution.”McCarron wrote that the company welcomes any “good faith attempts” to address climate change, but said “lawsuits of this kind…simply do not do that.”In an email, Shell spokesman Curtis Smith wrote, “Climate change is a complex societal challenge that should be addressed through sound government policy and cultural change to drive low-carbon choices for businesses and consumers, not by the courts.”A Conoco Phillips spokesperson said the company does not comment on pending litigation.BP’s Alaska unit also had no comment. BP Alaska President Janet Weiss sits on Alaska’s climate change commission.Share this story:last_img read more

8 COVID-19 deaths as Alaska sets daily record with 760 new cases

first_imgCoronavirus8 COVID-19 deaths as Alaska sets daily record with 760 new casesDecember 3, 2020 by Lex Treinen, Alaska Public Media Share:This scanning electron microscope image shows, in yellow, SARS-CoV-2 — the coronavirus that causes COVID-19 — isolated from a patient in the U.S., emerging from the surface of cells, in blue and pink, cultured in a lab. (Image courtesy of National Institute of Allergy and Infectious Diseases – Rocky Mountain Laboratories)Eight more Alaskans have died and 15 were hospitalized with COVID-19, the state health department reported Thursday. The news comes as 760 people in Alaska tested positive for the disease, the highest single-day total for new cases.Most of the deaths were residents in their 70s or 80s, but a woman from Bethel in her 50s and a man in his 30s from the Kusilvak Census Area in Western Alaska also died.Alaska has just two dozen free ICU beds available. Anchorage, where the bulk of the state’s healthcare capacity is located, is reporting just five free ICU beds, according to the state’s coronavirus dashboard. Hospital capacity and staffing is a “significant concern” in the state, according to a weekly coronavirus summary from the Department of Health and Social Services.Of the new cases reported today, 196 were in the Mat-Su Borough. Health officials said last week that a testing lab failed to report hundreds of positive tests from the borough, which could cause inflated case numbers there this week.This week marks the ninth straight week that coronavirus transmission has increased in the state, according to DHSS.Share this story:last_img read more

European Central Bank “on track” to complete its €1 trillion quantitative easing programme

first_img More From Our Partners 980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgWhite House Again Downplays Fourth Possible Coronvirus Checkvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comInstitutional Investors Turn To Options to Bet Against AMCvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Thursday 13 August 2015 1:39 pm Show Comments ▼ whatsapp Chris PapadopoullosChris Papadopoullos was City A.M.’s economics reporter until February 2016. He is an economist at OMFIF. Share The European Central Bank (ECB) is on course to complete its €1.1 trillion (£780bn) euro money printing programme, according to details of its most recent meeting.The ECB downplayed the risk to growth from recent economic turbulence in Greece and China, insisting its outlook remained broadly unchanged. Bank officials pointed to a recovery in bank lending and continued strong growth in the supply of money in the Eurozone. Growth in lending to the private sector reached one per cent in May, which it said was still weak.The M3 money supply, which counts euros in the bank accounts of of Eurozone households and firms as well as notes and coins, rose five per cent.It also noted a recovery in inflation expectations.“The general impression given by the account is that things are on track but the ECB is keen to avoid being viewed as complacent,” said economist Colin Bermingham from BNP Paribas.The ECB launched its €60bn a month bond buying programme to boost inflation and growth. It plans to see it through until September 2016.Eurozone annual inflation hit 0.2 per cent in July. French annual inflation edged down to 0.2 per cent in July from 0.3 per cent in June, according to figures released today by Insee. Meanwhile, Spanish inflation held steady at 0.1 per cent, INE said today.This year has seen inflation dip sharply in response to a decline in oil prices, but Eurozone inflation had been trending well below the European Central Bank’s two per cent target since 2013. whatsapp European Central Bank “on track” to complete its €1 trillion quantitative easing programme Tags: Quantitative easinglast_img read more

Woodcock vs. Sharfstein: A head-to-head comparison of Biden’s top choices for FDA commissioner

first_img Washington Correspondent Nicholas Florko reports on the the intersection of politics and health policy. He is the author the newsletter “D.C. Diagnosis.” Unlock this article — plus daily intelligence on Capitol Hill and the life sciences industry — by subscribing to STAT+. First 30 days free. GET STARTED Nicholas Florko [email protected] STAT+ is STAT’s premium subscription service for in-depth biotech, pharma, policy, and life science coverage and analysis. Our award-winning team covers news on Wall Street, policy developments in Washington, early science breakthroughs and clinical trial results, and health care disruption in Silicon Valley and beyond. WASHINGTON — President Biden will soon have to nominate someone to helm the Food and Drug Administration. His two top contenders couldn’t have more divergent visions for how to lead that agency.His decision comes at a crucial moment for an agency that has been, at least at times, overlooked by past presidents: The FDA is still in the throes of the Covid-19 pandemic, and regulators are working around the clock to review the new application for what is likely to be the third Covid-19 vaccine authorized for use in the United States. Meanwhile, the agency is facing renewed criticism of its speed, and there are early signs that the FDA is beginning to review some of the questionable scientific decisions made under the tutelage of former Commissioner Stephen Hahn. Daily reporting and analysis The most comprehensive industry coverage from a powerhouse team of reporters Subscriber-only newsletters Daily newsletters to brief you on the most important industry news of the day STAT+ Conversations Weekly opportunities to engage with our reporters and leading industry experts in live video conversations Exclusive industry events Premium access to subscriber-only networking events around the country The best reporters in the industry The most trusted and well-connected newsroom in the health care industry And much more Exclusive interviews with industry leaders, profiles, and premium tools, like our CRISPR Trackr. What’s included? Log In | Learn More About the Author Reprintscenter_img @NicholasFlorko GET STARTED What is it? Woodcock vs. Sharfstein: A head-to-head comparison of Biden’s top choices for FDA commissioner  By Nicholas Florko Feb. 9, 2021 Reprints Politics Josh Sharfstein and Janet Woodcock Illustration: Alex Hogan/STAT; Photo: Getty Tags Coronavirusgovernment agenciespolicySTAT+White Houselast_img read more

OSC alleges Caldwell failed to fulfill its best execution obligations

first_imgCIM didn’t have adequate policies in place to manage the conflicts of interest that arose when it executed most of its trades through an affiliated investment dealer, Caldwell Securities Ltd.CIM didn’t regularly evaluate whether best execution was obtained for clients; and,the firm’s independent review committee (IRC) was unable to properly monitor best execution practices “because CIM provided inaccurate and insufficient information to the IRC.”The OSC’s allegations have not been proven. James Langton BFI investors plead for firm’s sale Related news Keywords Portfolio managers,  EnforcementCompanies Caldwell Investment Management Ltd., Ontario Securities Commission The Ontario Securities Commission will hold an enforcement hearing on July 3 to consider allegations that  Toronto-based Caldwell Investment Management Ltd. (CIM) failed to “provide best execution of equity and bond trades for its clients which resulted in overpayments by its clients.”The statement of allegations dated June 12 outlines three alleged breaches of securities law by the portfolio and investment fund manager: PwC alleges deleted emails, unusual transactions in Bridging Finance case Mouth mechanic turned market manipulator Businessman making presentation with his colleagues and business strategy digital layer effect at the office as concept everythingpossible/123RF Share this article and your comments with peers on social media Facebook LinkedIn Twitterlast_img read more

New high-interest savings fund from CI

first_img Related news IE Staff BMO InvestorLine launches commission-free trading for ETFs Keywords Mutual funds,  ETFs,  High-interest savings accountsCompanies CI Financial Corp. Businessman check seriously analyzes a finance report investor colleagues discussing new plan financial graph data. bank managers task. Concept business and finance ,Account analyzes planing yozayo/123RF Purpose looks to fill retirement income gap with longevity fund Share this article and your comments with peers on social media Toronto-based CI Investments Inc. is introducing a mutual fund to invest in its recently launched CI First Asset High Interest Savings ETF.The ETF, which invests primarily in high-interest savings accounts with a yield of approximately 2.10%, started trading on the TSX in June. The management fee on the Class F mutual fund is 0.14%, the same as for the ETF, CI said in a release. Facebook LinkedIn Twitter The mandate and investment objective for the two products is the same. IG Wealth amends product shelflast_img read more

$8 Million Allocated to Student Empowerment Programme

first_imgFacebookTwitterWhatsAppEmail The Ministry of Education and Youth has earmarked $8 million to the Student Empowerment Programme for the new school year, which begins in September.Permanent Secretary in the Ministry, Maria Jones, told JIS News that the money would go towards providing resource material to assist secondary school students, who were benefit under the initiative.The Student Empowerment Programme, which began last year, seeks to provide compensatory learning experiences for those students, who have scored below a certain mark on the Grade Nine Achievement Test (GNAT).According to Mrs. Jones, the programme was designed for students, who have already had nine years of schooling, but would have not have attained a 9th grade level of achievement.“It is essentially a programme where we recognise that some of our youngsters, who are in the high school system, need a little bit more help, a little personalized help more than others. This programme has been structured to provide this additional help,” she informed.The objectives of the programme, she said, are: to teach students how to learn; develop positive self-esteem; make up learning deficits; acquire skills to prepare them to enter the job market and to move into the regular grade 10 programme.The Permanent Secretary explained that the key features of the Student Empowerment Programme were: routine visual and auditory screening, educational and psychological assessment, an adapted curriculum, enhanced classroom spaces, extended schooling, provision of appropriate support materials and smaller classes to facilitate individualized instruction.At the start of the programme, the students should be between 16 and 17 years and should previously have been enrolled in an all-age, primary or junior high school. They are placed in special classes of no more than 25 students, where they are taught English Language, Mathematics, Integrated Science, Social Studies and Information Technology.In addition, each student is exposed to at least one technical subject, along with guidance and counselling, to emphasize personal development; health and family life education; and entrepreneurial skills; while a foreign language course, sports and games are taken with the general school population. Mrs. Jones noted that, “this programme extends the concept of the Competency Shelter, which has been the practice of the Ministry for some time”. $8 Million Allocated to Student Empowerment Programme UncategorizedAugust 17, 2006 Related$8 Million Allocated to Student Empowerment Programme Advertisementscenter_img Related$8 Million Allocated to Student Empowerment Programme Related$8 Million Allocated to Student Empowerment Programmelast_img read more