Nationwide vows to keep branches open as it spends £1.3bn on digital growth

first_imgSaturday 15 September 2018 1:21 pm Read more: Investigation report into TSB IT meltdown to be fast-trackedIts digital outlay will take its overall investment plans to £4.1bn over the next five years, and will see the building society hire between 750 and 1,000 extra staff in a new technology hub.“At a time when customer expectations of service are rapidly changing in a digital world, we are investing to ensure that we continue to provide leading service. We believe that our members want a combination of human service on the high street, as well as digital convenience,” said Garner.Tony Prestedge, deputy chief executive at Nationwide, said the money would allow the bank to retire its legacy systems and introduce new revenue-driving services by 2023.It will also allow Nationwide to augment in-branch services with video chats and social media, build a new digital platform to serve digital banking users, cut its number of data stores from 20 to two, invest in AI and analytics, and open its new technology hub. whatsapp Joe Curtis whatsapp He said the migration to the new digital platform would be staggered over two to three years to avoid the kind of issues that plagued TSB when owner Sabadell tried to shift customer records to its own platform from former owner Lloyds’ system earlier this year.“We won’t allow a completion date to determine what that [migration] looks like and we’ll make sure we test and test,” he added.Read more: Paul Pester steps down as TSB boss amid ongoing IT issuesNationwide previously migrated 5m customers over to SAP for Banking system back in 2013.Garner said that branches would only be closed if they stood in close proximity to one another, crediting them with driving up the number of new current accounts by 38 per cent over the last five years to an all-time high of 7.3m.“It’s not just about sales, it’s about service,” he added. “If they’re coming [to a branch] because they’ve received a suspicious email and they want to talk to someone then that’s a useful service the branch can offer.” center_img Share Nationwide has vowed not to be the second bank to fall victim to an IT disaster this year as it unveiled a £1.3bn technology upgrade today.Chief executive Joe Garner said there would not be one “big bang” change as it moves to a new digital platform, adding that the investment won’t come at the expense of its high street branches, saying its number of branches would remain at around 650. Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndomoneycougar.comDiana’s Butler Reveals Why Harry Really Married Meghanmoneycougar.comUndoZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldUndoWTFactsHe Used To Be Handsome In 81s Now It’s Hard To Look At HimWTFactsUndoOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutUndoBetterBe20 Stunning Female AthletesBetterBeUndoTrading BlvdThis Picture of Prince Harry & Father at The Same Age Will Shock YouTrading BlvdUndoCleverstTattoo Fails : No One Makes It Past No. 6 Without LaughingCleverstUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndo More From Our Partners LA news reporter doesn’t seem to recognize actor Mark Currythegrio.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFort Bragg soldier accused of killing another servicewoman over exthegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comKansas coach fired for using N-word toward Black playerthegrio.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comColin Kaepernick to publish book on abolishing the policethegrio.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com Nationwide vows to keep branches open as it spends £1.3bn on digital growth last_img read more

Pharmalot, Pharmalittle: Valeant looking to win leniency from feds

first_img [email protected] Almost 40 percent of Indian doctors surveyed disagree with a government ban placed on 344 fixed dose combination drugs due to safety concerns, DNA India reports. Meanwhile, an Indian court will resume a hearing in which more than two dozen drug makers have appealed the ban, which extends to some popular cough syrups, according to the Economic Times. The country’s regulator, meanwhile, is reviewing another 619 medicines, PharmaBiz says.Several drug makers are in the later stages of testing a new class of migraine drugs, the Wall Street Journal reports. The therapies target a chemical known as CGRP that researchers have discovered is involved in the pain-signaling process that occurs in the brain during migraines. “A new era seems to be emerging,” David Dodick, who heads the migraine program at the Mayo Clinic in Arizona and chairs the American Migraine Foundation, tells the paper.advertisement By Ed Silverman March 22, 2016 Reprints @Pharmalot Alex Hogan/STAT PharmalotPharmalot, Pharmalittle: Valeant looking to win leniency from feds Pharmalot Columnist, Senior Writer Ed covers the pharmaceutical industry.center_img Johnson & Johnson is accelerating a project to learn how to predict who will develop certain diseases and find therapies to prevent or stop the illnesses early, the Associated Press writes. One project would identify which pregnant women will develop gestational diabetes. The other is being designed to identify and treat people at risk of or in early stages of chronic obstructive pulmonary disease.A federal judge ruled that Bristol-Myers Squibb can proceed with a patent infringement lawsuit against Merck over its Keytruda cancer treatment, the Legal Intelligencer writes.Sanofi, which is France’s biggest drug maker, denied plans to move its headquarters from central Paris to a suburb as part of a cost-cutting reorganization, Bloomberg News tells us.The Chinese government plans to crack down on the black market for medicines after discovering that resellers may be marketing about $88 million in illegal vaccines, according to Reuters.The UK’s National Institute for Health and Care Excellence had a change of heart and is now recommending Johnson & Johnson’s Zytiga for treating advanced prostate cancer, Reuters writes.Valeant Pharmaceuticals’s bankers are approaching the company’s lenders to determine what they would want in return for waiving a default caused by a delayed earnings filing, Bloomberg News reports.The World Health Organization suspended authorization of Svizera Labs tuberculosis treatments made in Mumbai after finding problems with production standards and quality control, Reuters says.Bernie Sanders wants the US Treasury Department to impose new tax rules that could be used to halt Pfizer’s proposed merger with Allergan, the Wall Street Journal reports. Ed Silverman About the Author Reprints Good morning, everyone, and nice to see you again. We apologize for our absence Monday, but personal matters intruded. Life does that sometimes, yes? Nonetheless, we are back now and as busy as ever, quaffing cups of stimulation and foraging for interesting items. No doubt, you can relate to the need to maintain the pace. Toward that end, here are some tidbits. Hope you have a smashing day and do stay in touch …The move by Valeant Pharmaceuticals to single out two former top executives — including chief financial officer Howard Schiller — over its accounting problems may be a bid to win leniency from government agencies investigating the drug maker, Reuters tells us. Schiller and the corporate comptroller allegedly provided incorrect information to the board. But Schiller denied any “improper conduct” and has refused to resign from the board.Several HIV organizations in the UK are angry that the National Health Service is declining to make the PrEP prevention treatment widely available, BuzzFeed reports. The NHS England, which will provide nearly $3 million over the next two years, maintains it is not responsible for commissioning HIV prevention services, although NHS England does fund other sexual health prevention medication, such as the oral contraceptive pill.advertisement Tags HIVmigrainesValeant Pharmaceuticalslast_img read more

Detectives investigate sexual battery at Sarasota salon

Man admits to sexually battering a child to DeSoto deputies June 3, 2021 AdvertisementDC Young Fly knocks out heckler (video) – Rolling OutRead more6 comments’Mortal Kombat’ Exceeded Expectations Says WarnerMedia ExecutiveRead more2 commentsDo You Remember Bob’s Big Boy?Read more1 commentsKISS Front Man Paul Stanley Reveals This Is The End Of KISS As A Touring Band, For RealRead more1 comments Advertisement AdvertisementTags: salonSarasotasexual battery AdvertisementThrough their investigation, detectives believe Morris had contact with multiple people as a massage therapist and believe there may be additional victims.Anyone with information on this case is asked to call Detective Steven Fergus at 941-263-6059 or leave an anonymous tip with Crime Stoppers by calling 941-366-TIPS or online at www.sarasotacrimestoppers.com. Faux fence workers try to burglarize home by distracting people inside May 21, 2021 Advertisement Sarasota deputies investigate “explosive device” found in man’s mailbox May 25, 2021 RELATEDTOPICS Tampa man arrested for sexual battery of an 11-year-old girl who was reported missing May 26, 2021 SARASOTA, Fla. – Sarasota police are investigating a sexual battery that happened at a salon in September 2020.Detectives believe there may be additional victims involved in the case and are asking them to call the Sarasota Police Department.Michael Morris, 53, was arrested on Dec. 1, 2020, at his home on Cocoanut Bay Lane in Sarasota on a warrant for sexual battery.Detectives said Morris is a massage therapist at JC Salon and his license with the Florida Department of Health is currently as Emergency Restriction/Active, which means he may practice in Florida but has restrictions specified by the order. AdvertisementRecommended ArticlesBrie Larson Reportedly Replacing Robert Downey Jr. As The Face Of The MCURead more81 commentsGal Gadot Reportedly Being Recast As Wonder Woman For The FlashRead more29 comments read more

Feds ease transition for ‘character conversion’ funds

Invesco simplifies product offering The federal government is still planning to eliminate so-called “character conversion” transactions, as promised in the latest federal budget, but it is now proposing a much more forgiving transition to the new tax treatment. In the budget, the government proposed measures designed to halt the use of derivatives to convert ordinary income into capital gains, a technique that many investment funds use to boost after-tax returns. (See Investment Executive, Budget 2013: Funds, ETFs take a hit, April 2013.) Given that the change will have a significant impact on the fund industry, it sparked a call from the industry for more time to adjust, a call that the government now appears to be heeding. Under the original budget proposal, funds would only have 180 days from budget day (March 21) as a transition period. However, on Thursday the government released a proposal to extend the transitional relief for transactions entered into before March 21, until the end of 2014. “This would provide affected taxpayers with additional time to transition away from their derivative forward agreement structures,” it says. The extended grandfathering would apply to situations where investment funds use a series of rolling 30-day agreements, and longer-term transactions, that terminate by the end of 2014. “For example, where an investment fund enters into rolling forward agreements every 30 days, the fund would be able to continue entering into new forward agreements as continuation of the series and be entitled to grandfathering, provided that the series of forward agreements concludes prior to 2015,” it says. To prevent firms from exploiting the more flexible transition arrangements, the proposals specify that relief won’t be available to agreements if they are increased beyond certain limits after March 21 of this year. “As a result, investment funds that stay within their growth limits would have until the end of 2014 to unwind their derivative forward structures while still qualifying for grandfathering,” it notes. However, the proposed rule would allow funds to merge, as long as the resulting increase in the notional amount of the derivatives doesn’t exceed their combined amount immediately before the merger. Grandfathering could also continue past 2014 for forward agreements that are scheduled to finally settle after 2014, it notes, provided that limits on growth are followed. And, the grandfathering would end for good by March 21, 2018, which, the government says will “ensure that investment funds are not given an inappropriately long period of grandfathering…” James Langton Fidelity completes capital yield fund mergers Sentry reopens corporate class fixed-income funds Facebook LinkedIn Twitter Keywords Character conversion Share this article and your comments with peers on social media Related news read more

Asset management poses systemic risk: Haldane

first_img Share this article and your comments with peers on social media James Langton CPPIB reports record return for latest fiscal year Related news Desjardins buys Montreal boutique firm Hexavest “If these trends are even roughly right, asset management may not only have come of age – we may be about to enter the age of asset management,” he said. Additionally, the composition of worldwide AUM is changing too, with allocations to more illiquid assets on the rise; and, conversely, an increase in passively-managed index products, away from actively-managed funds. And, at the same time, given the shift away from defined benefit pensions, these assets are increasingly under the control of retail investors who may be more skittish than traditional pension managers. “These trends potentially have implications for financial markets dynamics and systemic risk – for example, greater illiquidity risk, correlated price movements and susceptibility to runs,” he said. While large asset managers pose different risks from large banks, Haldane suggests that their sheer size means that, “stress at an asset manager could aggravate frictions in financial markets, for example through forced asset fire-sales.” Asset managers could also “amplify pro-cyclical swings in the financial system and wider economy,” he said, citing a number of factors that could see the industry feed pro-cyclicality, including accounting rules, regulation, and practices, such as benchmarking, which could encourage firms to behave similarly, which, … may contribute to the mispricing of risk with risk premia undergoing cycles of feast and famine,” he warns. The question for policymakers then, is what should be done about the risks posed by asset management. First, Haldane said that the Financial Stability Board (FSB) is looking at whether asset managers should be classified as systemically-important financial institutions; and, if so, how should that be determined. The FSB is due to issue a report on that later this year. If asset managers are designated as systemically important, said Haldane that the measures used to deal with banks, such as capital requirements and leverage rules may not be appropriate. Rather, measures that focus on liquidity risk may be more suitable, he said. Second, Haldane suggested that policymakers may have to devise macro-prudential policy tools to deal with pro-cyclical swings in risk premia. Traditionally, these tools have focused on bank capital, so this represents, “the next frontier for macro-prudential policy,” he said. Finally, he pointed to various initiatives designed to encourage the financing of long-term investment. “If successful, the prize for regulators and asset managers is a big one,” said Haldane. “For regulators, it would enable non-bank investors to do more of the heavy lifting when financing the wider economy… For asset managers, it would have the potential to offer both duration and yield, thereby helping them meet the needs of end-investors.” Haldane concluded with the observation that the role of banks in the financial system has been well studied, but that the asset management industry increasingly requires a similar level of attention. “Academics, practitioners and regulators have been studying banks, their behaviour and failure, for several centuries. Analysing and managing the behaviour of asset managers is, by contrast, a greenfield site,” he said. “The risks and opportunities asset management poses, while different, could be every bit as important. To avoid the pitfalls of the banks, this greenfield site will need to be cultivated carefully.” center_img The systemic risk posed by the asset management industry is relatively unexplored territory, but should not be ignored, said Andrew Haldane, executive director for financial stability at the Bank of England. In a speech to an industry conference in London, UK today, Haldane examined the risks to financial stability posed by the asset management industry. One reason why the industry may pose a systemic risk, he suggests, is its sheer size. Total global assets under management (AUM) are currently estimated at around $87 trillion. And, he said that could grow to $400 trillion by 2050, given demographic trends. iA Clarington aims for sleeker, cleaner product lineup Keywords Asset management companies Facebook LinkedIn Twitterlast_img read more

Winchester Business Centre Completed

first_imgRelatedWinchester Business Centre Completed Advertisements RelatedWinchester Business Centre Completed FacebookTwitterWhatsAppEmail The second phase of the $1 billion Life of Jamaica (LoJ) Winchester Development project is now complete, with the official opening of the Winchester Business Centre today (June 28).The 100,000 square-foot building, which boasts 69 business suites for professional offices, light retail, commercial, as well as warehouse facilities, will be open for business within the next month. Minister of Housing, Transport, Water and Works, Robert Pickersgill, in his remarks at the official opening and dedication ceremony held at the project site on Hope Road in Kingston, said that the Winchester Business Centre was a welcome addition to the existing stock of business complexes.“Through developments such as this, the country is satisfying an important need for business accommodation. This complex will make available, an additional 100,000 square feet of commercial space to help meet the growing demand for such facilities,” he pointed out.“Important as the accelerated developments taking place in our highways, sea and airports, housing, telecommunications and other areas are, there is also need for us to add quality office and commercial properties,” he added.He noted that the vast majority of the total businesses in the country fall within the rapidly expanding small and medium size enterprise sector and with the established potential of such enterprises, a facility such as the Winchester Business Centre will soon be expanded.The Minister also commended LoJ for its vision and commitment to business development in Jamaica. “Whether in the area of life insurance, mortgage and housing investments, or in developing some of our finest properties, Life of Jamaica has consistently demonstrated exceptional capacity since its inception some 37 years ago,” Mr. Pickersgill noted.“I just want to commend LoJ on taking yet another bold step in demonstrating its commitment to Jamaica and the future of businesses in this country,” he added. President and Chief Executive Officer of LoJ, Richard Byles, also expressed confidence that the facility will do well. “There are 51 light, commercial and professional units and they are 75 per cent sold off,” he disclosed.“We have a great product, good facilities, good surroundings, great location and we are going to have the management support of Life of Jamaica Property Management to make sure that the property is well managed,” he indicated.Mr. Byles said that the facility is designed for the small business entrepreneurs as well as professional “so in that way, we hope that we are making a contribution to the development of the business sector in Jamaica.”center_img RelatedWinchester Business Centre Completed Winchester Business Centre Completed UncategorizedJune 28, 2007last_img read more

UK Government proposes further support for flood resilience measures

first_imgUK Government proposes further support for flood resilience measures Householders in flood-hit areas who install property flood resilience measures – such as flood barriers, air brick covers and flood resistant coatings on walls – could soon be able to obtain discounted insurance premiums, under proposals being consulted on by the government today (Monday 1 February).Under the new plans, insured households that experience flooding would not only claim money to cover the damage caused, but could also receive additional funds to build back better and make their homes more resilient.The government has also published a Call for Evidence to look at changes to the flood funding formula to benefit frequently flooded communities, and ways to increase the uptake of property flood resilience measures so that homes and businesses are better protected.In total there have been at least 23,000 publicly funded installations of property flood resilience measures since 2009. However, the government is seeking ways to increase uptake across the country, alongside providing record funding for new flood and coastal defences.Environment Secretary George Eustice said:My thoughts are with all of those affected by Storms Bella and Christoph.In Northwich last week I saw for myself the impact that flooding has on homes, businesses and communities. I am determined to get more support to people hit time and again by floods.These plans aim to give households in flood-hit areas additional support to protect their properties.Floods Minister Rebecca Pow said:During Storm Christoph 49,000 properties were protected by our defences. I recognise that this is of little comfort to those who have been flooded and that there is more to do.The plans will give people in flood-hit areas more help to build back better and reduce the risk to homeowners in the future.Combined with a record £5.2 billion government investment over the next six years in new flood and coast defences, hundreds of thousands properties will be better protected.The consultation covers changes to the Flood Re scheme, a joint industry/government initiative, designed to reduce insurance costs for thousands of households by passing on the flood risk element of home insurance to Flood Re and charging a set premium to households based on council tax bands. Since its launch in 2016, over 300,000 households have benefited from Flood Re, with four out of five households with prior flood claims seeing reductions in their insurance premiums by more than half.Additional measures being considered also reducing the cheapest subsidised premium for contents insurance provided for by Flood Re (£52), as evidence from Amanda Blanc’s Independent Review of Insurance, commissioned by the government, suggest these could still be too high for households on low incomes.The Call for Evidence will explore how we can strengthen our flood and coastal defence investment programme through better assessment of local circumstances, including how potential changes to the funding formula could provide further benefit to frequently flooded communities. It will also looks at further ways to increase the uptake of property flood resilience measures to enable householders and businesses to better prepare for flooding.The documents being published today are the latest example of the progress being made by the government on a wide range of flood risk management measures set out in the flood and coastal erosion risk management policy statement, published in July 2020.The plan is the most comprehensive in a decade and includes investment of £5.2 billion to create around 2,000 new flood and coastal defences to better protect 336,000 properties in England by 2027.Flood Re consultationThe joint government and industry Flood Re Scheme is designed to improve the availability and affordability of flood insurance for UK households at high flood risk. The proposed changes aim to improve the efficiency and effectiveness of the scheme and to accelerate uptake of Property Flood Resilience measures, including:The ability for Flood Re to offer discounted premiums to households that have fitted property flood resilience measures, such as airbrick covers or non-return valvesPermitting the payment of claims to include an additional amount to build back better, in a more flood resilient wayExploring whether there’s more that the Flood Re scheme could do to accelerate uptake of PFR, including whether the scheme’s currently available funding could contributeExploring whether Flood Re premiums should be further reducedTechnical changes to improve the scheme’s efficiencyLocal factors in managing flood and coastal erosion risk and property flood resilience: Call for EvidenceThis Call for Evidence is seeking evidence on how local factors can be taken into account in the government’s flood and coastal defence investment programme and how we can increase the uptake of property flood resilience.Part 1 is seeking evidence to identify additional ways in which specific local circumstances can be taken account of in the government’s future flood and coastal defence investment programme, including:communities that have been frequently flooded in the pastcommunities that are more economically vulnerable, small communitiescommunities that may be in greater need of property-level measures to resist flood waterWe are also exploring how we can ensure timely and wider financial contributions to assist with the pace of developing a flood scheme.Part 2 covers the range of enablers which need to work effectively in order to increase uptake of Property Flood Resilience:Funding and incentivesPlanning policy, building regulations, and standardsTraining and technical expertiseEvidence and data sharingCommunication, knowledge and understanding /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:affordability, communication, efficiency, environment, Government, industry, insurance, Investment, Minister, planning, property, resilience, Secretary, UK, UK Governmentlast_img read more

Lord Frost call with European Commission Vice President Maroš Šefčovič 3 March 2021

first_imgLord Frost call with European Commission Vice President Maroš Šefčovič 3 March 2021 Lord Frost spoke to European Commission Vice President Maroš Šefčovič this evening.This was their first meeting since Lord Frost took up the role as Minister co-chairing the Partnership Council and the Withdrawal Agreement Joint Committee with the EU.He underlined, as the Chancellor of the Duchy of Lancaster had in his letter of 2 February, that progress still needed to be urgently made to address the direct and often disproportionate impact that aspects of the Protocol are having on the citizens of Northern Ireland, contrary to its intended purpose. He acknowledged the work of the Joint Committee over the last few weeks since the Commission’s triggering of Article 16 of the Protocol on 29 January, but noted that these discussions had not yet resolved the current difficulties.Lord Frost explained that the measures announced today, following official-level notification to the Commission earlier this week, were temporary technical steps, which largely continued measures already in place, to provide more time for businesses such as supermarkets and parcel operators to adapt to and implement the new requirements in the Protocol. He underlined that these were needed for operational reasons and were the minimum necessary steps to allow time for constructive discussions in the Joint Committee to continue without the prospect of disruption to the everyday life of people in Northern Ireland in the coming weeks.He noted that such operational measures were well precedented in other international trade arrangements, and that they were entirely consistent with our intention to discharge our obligations under the Protocol in good faith.He and Vice President Šefčovič agreed that both parties would remain in close contact. /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:agreement, Commission, council, EU, Europe, european, Government, Impact, International trade, Ireland, Lancaster, Minister, President, trade, UK, UK Governmentlast_img read more

Morrison Government delivers new AgMove support to help boost harvest workforce

first_imgMorrison Government delivers new AgMove support to help boost harvest workforce The Morrison Government has today announced a change to its measures aimed at getting workers into jobs on Australian farms.Following consultation with the agricultural industry the Government is delivering a new more flexible approach to its Relocation Assistance to Take Up a Job program for short term agricultural work. Assistance to support individuals take up short-term agricultural work will be delivered through a support to be called ‘AgMove’. The new approach will accommodate short, but intense, harvesting seasons and provide the right incentives to get job seekers to give agricultural work a go with a helping hand from the Government.Under AgMove, the Commonwealth Government is introducing more flexible incentives which will see Australians eligible for up to $2,000 in relocation assistance (or $650 for temporary visa holders) when they complete just 40 hours of agricultural work over a two-week period. This reduces the existing initial eligibility period for reimbursement from six weeks to just two.If workers continue in agricultural work and complete 120 hours across a period of at least four weeks, they will hit the second eligibility point where they will be able to access reimbursement of up to $6,000 for Australian workers and up to $2,000 for temporary visa holders.Minister for Employment, Workforce, Skills, Small and Family Business, Stuart Robert MP, said AgMove demonstrated the Government was listening to industry and would continue to deliver support to help address workforce shortages on Australian farms.‘This will help to address the continued high demand for harvest workers across Australia by encouraging much-needed workers to stay on the job for longer,’ Minister Robert said.‘AgMove meets industry needs by making agricultural work more attractive and accessible to workers who can relocate to help farmers during busy periods,’ he said.‘Whether you’re a student on university break, on a working holiday or an experienced long-time worker, the Australian Government is providing you the flexibility needed to give agricultural jobs a go.’The Minister for Agriculture, Drought and Emergency Management David Littleproud said securing a workforce for our agricultural industry has been a top priority of the Federal Government.‘Our farmers have put their shoulder to the wheel during COVID and produced bumper crops, prime livestock and the best fibre in the world,’ Minister Littleproud said.‘I could not be prouder of their determination and resilience.‘AgMove will help get more of the available labour force to more parts of Australia making sure agriculture continues to be the cornerstone of our economic recovery.’Case StudiesAgMove – up to $2,000John is retired and lives in Sydney. He hears that Australian farmers need more people to harvest their crops and decides to check if he can do some harvest work. He checks job ads on the www.harvesttrail.gov.au website. John contacts the Harvest Trail Services (HTS) provider listed on one of the ads, who advises that he can refer John to a job at the apple farm in Southern Queensland to work on the upcoming winter harvest. John is eligible to receive relocation assistance under AgMove because he will be relocating more than 90 minutes away from his residential address in Sydney.John enters into an AgMove Agreement with the HTS provider, drives north, checks into a local caravan park and starts working at the apple farm.John works 30 hours a week for 2 weeks, which makes him eligible to be reimbursed for up to $2,000 in relocation costs.The HTS provider reimburses John:$400 for petrol costs for his trip from Sydney, and appropriate work clothes;$840 for two weeks of accommodation at the local caravan park. At this first eligibility point John has been reimbursed $1,240 of $2,000.AgMove – up to $6,000John’s work at the apple farm is extended to the end of June.He continues to work 30 hours a week and completes 120 hours of work within four weeks, he has reached the second eligibility pointThe HTS provider reimburses an additional:$2,320 for John’s accommodation at the caravan park to the end of his work assignment. The total AgMove reimbursement John has received at this point is $3,560.After John finishes work at the apple farm in June, the HTS provider offers him a job further north at the berry farm.The HTS provider:reimburses John $260 for his travel costs to the berry farm and overnight transit accommodation; and pays $480 for two weeks of on-farm accommodation Note: up to two months of accommodation costs can be reimbursed under AgMove.In total John received $4,300 out of the $6,000 maximum available under AgMove to assist with his temporary relocation costs.BackgroundAgMove is a component of the Relocation Assistance to Take Up a Job program and was formerly known as Relocation Assistance to Take Up a Job for short-term Agricultural Work, which has been available since 1 November 2020 to help people relocate to regional areas to take up short-term harvest and agricultural work.AgMove will be administered by Harvest Trail Services and Harvest Trail Information Service providers. Harvest Trail Services providers connect farmers with people looking for seasonal harvest work across Australia and manage AgMove in their respective harvest areas. More than 14,000 harvest jobs have also been filled by Harvest Trail Services providers since July 2020. We look forward to adding many more through easier access to these payments.The Harvest Trail Information Service is providing information regarding harvest related work opportunities across Australia and will deliver AgMove for relocation to non-harvest jobs in agriculture and for harvest jobs outside the sixteen Harvest Areas. /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. 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Everyone pays for insurance fraud, even the innocent

first_img But what about that time you had the front end collision and had the body shop take care of that older dent in your door while it was in the shop? What if your neck wasn’t really that sore anymore, but you had the chance to keep going to massage appointments for just a few weeks longer? When kids broke into all the cars in your neighbourhood and you suddenly “remembered” you’d left your camera in the car that night, instead of just a cupholder full of change? These opportunistic crimes also add a more substantial tally to insurance fraud than you might realize.Dr. Yoel Inbar is an assistant professor of psychology at the University of Toronto, specializing in social and personality psychology. He focuses on moral decision making. What makes us tick. What makes us steal. “There are several things at play,” he explains. “There’s an assumption this is a victimless crime. That the loss will be against a huge company, instead of against the collective, the other customers. We know, of course, that these costs all translate into higher premiums for all of us.”People who would not steal a pair of boots from a retail outlet may not feel morally compromised tossing in a few older dings and dents to a larger repair job that has been warranted. “There is an element of justification, in some cases,” Inbar explains. “You’ve been paying into this insurance pot for so long and not getting anything from it. Some people almost see it as a savings account.”He also notes we take our cues from what is happening around us, what we come to perceive as norms. “The idea can develop that everybody else is doing it, so I can, too.” RELATED Why there’s no such thing as a car ‘accident’ The Financial Services Commission of Ontario (FSCO) states nearly 10 per cent of Ontarians admit committing auto insurance fraud, and 20 per cent know someone who has. The bad news for those contemplating sharing your stories? Fifty-eight per cent have no problem throwing a friend or acquaintance under the reporting wheels. The Ontario figures show males are significantly more likely to participate in fraudulent behaviour, as are millennials. Baby boomers have a better grasp (83 per cent) of what constitutes fraud over millennials (56 per cent), which perhaps explains the gap – sort of. “I didn’t know any better” doesn’t pass the smell test for this one, though.You might read headlines of organized crime rings shaking down the auto insurance industry and wonder why you should be bothered if your neighbour scores a little extra body work on his or her banged up Impala. You should care because, while those scamming rings get a lot of media attention, in actuality, they aren’t the nuts and bolts of the fraud infrastructure. According to the latest figures available from the Insurance Bureau of Canada (IBC), a KPMG report put out in 2013 using 2010 figures estimates total fraud in Canada at between $768 million and $1.56 billion. They break that figure out into three types of fraud: organized (those headlines), premeditated and opportunistic; they peg the organized crime fraud at between $175 million and $275 million. Premeditated involves things like treatment programs that never take place; parts of the medical industry capitalizing on either a patient’s lack of knowledge about what they are signing or simply having patients sign blank treatment programs. Opportunistic fraud is that phantom camera in the break-in or the additional mechanical claims.Even if the organized component of that estimate is low, that still leaves a wide margin of insurance fraud that is being paid out to elements that you and I, average consumers, have much control over. We are ripping off each other. Don’t sign blank treatment schedules from healthcare providers, and make sure you understand just what is being proposed. I’ve had this happen and didn’t even realize until months later. The (now gone) provider had claimed treatments I’d never even heard of, much less received. In a post-crash fog, I’d just been desperate for someone to get me back to work.Professor Inbar notes that human nature is flexible, and that “possessing salient information can have a surprisingly large effect on the decisions we make.” Small tweaks can lead to big change. Insurance fraud is very much about who is watching. He notes studies have shown people react differently with something as basic as a pair of cartoon eyes attached to their monitor, or a mirror. By now we’ve all grown used to the idea that we are constantly being monitored and filmed; maybe reining in insurance fraud will be an upside to that intrusion.Make a plan for what you will do in the event of a crash, like where you’d have your vehicle towed. Demand detailed medical and repair reports. Don’t sign blank authorizations. Ask for help if you’re unsure. What if I told you that between $116 and $236 per year of your insurance premium went to line some liar’s pocket?It’s Fraud Prevention Month, and car insurance costs – especially in Ontario – continue to escalate. While the amount you pay is the usual calculus of where you live, the driving histories of those who drive your car, how difficult the car is to steal and how much it costs to repair, fraudulent claims remain a substantial portion of that bottom line you are charged each year.Fraud rings are headline grabbers, as they should be. Sophisticated criminals often working quite literally from street level (those who stage crashes) on up through the ranks of tow truck operators, lawyers and medical providers cost us all. Created with Raphaël 2.1.2Created with Raphaël 2.1.2 Even a simple fender bender has the potential for false claims You can anonymously report suspected insurance fraud. In Ontario, contact FSCO (855-5TIP-NOW) or for all of Canada IBC (877-IBC-TIPS), or Crimestoppers. We encourage all readers to share their views on our articles using Facebook commenting Visit our FAQ page for more information. PlayThe Rolls-Royce Boat Tail may be the most expensive new car everPlay3 common new car problems (and how to prevent them) | Maintenance Advice | Driving.caPlayFinal 5 Minivan Contenders | Driving.caPlay2021 Volvo XC90 Recharge | Ministry of Interior Affairs | Driving.caPlayThe 2022 Ford F-150 Lightning is a new take on Canada’s fave truck | Driving.caPlayBuying a used Toyota Tundra? 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