Tag: 上海夜网K

Timing for master-trust quality framework ‘wrong’, says NAPF

first_imgThis risked even higher costs, she said, as the audit would be difficult and time consuming.“The timing is wrong, too,” Segars said. “This work will hit master trusts just as they are hitting the peak demand from employers because of automatic enrolment.”The ICAEW and the Pensions Regulator should reconsider implementation deadlines, along with the length and number of control objectives, she said. “We believe a shorter framework targeted at the key issues would be more efficient and could be built upon later,” Segars said.Under the draft framework, master trusts are expected to get independent assurance from a chartered accountant every year.It focuses on six areas – main characteristics of scheme design, governance, the people accountable for the scheme, ongoing governance and monitoring, administration and communication to members.The framework includes a number of ‘control objectives’, based on many of the regulator’s DC principles and quality features.The NAPF said the most important thing was to encourage good master trusts and make sure action was taken against poorly run ones.The voluntary audit framework could create extra burdens without solving the underlying problem of poor regulation, Segars said.“We want to see a single regulator, a greater focus on ensuring strong, independent governance and higher barriers to entry,” she said.In its formal response, the NAPF said it has set out members’ concerns over several of the 43 proposed control objectives, including their prescriptive nature and how they would keep up to date as policy changed.Members were also worried expectations or requirements were unclear in some cases, it said. The new draft quality-assurance framework for defined-contribution (DC) ‘master trust’ pensions puts too much of a burden on pension funds – and the timing is wrong, according to the National Association of Pension Funds (NAPF).The association said it had submitted its formal response to the Institute of Chartered Accountants in England and Wales’ (ICAEW) consultation on the draft framework, which the institute set out in October in conjunction with the Pensions Regulator.The NAPF said it had already welcomed the regulator and audit profession’s focus on improving the quality of master trusts, and launched its own Pension Quality Mark READY scheme to support this.But Joanne Segars, chief executive of the association, said: “Our consultation response sets out our master trust members’ concerns about the resources the assurance audits will require and the lack of auditors with pensions expertise to carry them out.”last_img read more

Start reading Timing for master-trust quality framework ‘wrong’, says NAPF

Zanetti shocks Messi: Don’t think about Lautaro Inter won’t let him go

first_img Promoted ContentEver Thought Of Sleeping Next To Celebs? This Guy Will Show You10 Risky Jobs Some Women Do7 Universities In The World With The Highest Market ValueThe Highest Paid Football Players In The World6 Best Natural History Museums In The WorldWho’s The Best Car Manufacturer Of All Time?8 Superfoods For Growing Hair Back And Stimulating Its Growth40 Child Stars Who Look Incredibly Gorgeous As Adults5 Of The World’s Most Unique Theme ParksA Guy Turns Gray Walls And Simple Bricks Into Works Of ArtDisney’s Live-Action Simba Was Based On The Cutest Lion Cub EverCouples Who Celebrated Their Union In A Unique, Unforgettable Way “But I find him happy here with his teammates, he’s having fun. And he gets along very well with [Romelu] Lukaku.” Inter are currently third in the Scudetto battle, nine points behind league leaders Juventus with one game in hand, and Zanetti feels the side have the ‘conditions’ to fight for the top spot with Conte at the helm. “There are many young players here and that’s the strength of this club,” Zanetti added. “The goal is to compete to win and with Conte there are the conditions to do so. read also:Crespo urges Lautaro to ignore Barcelona “We have seen a lot of progress this year FacebookTwitterWhatsAppEmail分享 Inter Vice-President, Javier Zanetti has said Lautaro Martinez ‘can still improve and give us a lot’ and backs Antonio Conte to bring home the Scudetto. One of the ongoing transfer sagas in Italian football links the Argentine 22-year-old with a move to Barcelona, but Zanetti points out how happy he seems at the Giuseppe Meazza. “When we bought him, we knew very well how it would develop,” Zanetti told Christian Vieri in an interview on Instagram Live. “We were waiting for this moment. “He trains well with Conte and can still improve and give us a lot. In this difficult period, we haven’t thought about what will happen.Advertisement Loading… last_img read more

Start reading Zanetti shocks Messi: Don’t think about Lautaro Inter won’t let him go

Why Anthony Davis declining Lakers’ max contract extension offer doesn’t really matter

first_imgThe six-time All-Star turned down a four-year, $146 million max extension from Los Angeles on Tuesday, according to Yahoo Sports’ Chris Haynes, and Davis plans on entering unrestricted free agency this summer. Why not just take the contract on the table now? Well, it makes zero sense (and far less cents) for him to do so.MORE: LeBron James reacts to critical comments from Kyle Kuzma’s trainer Anthony Davis declined the Lakers’ contract offer! He’s available! Cats and dogs living together!OK, everybody relax for a minute. This isn’t huge news. Assuming Davis declines his $28.7 million player option for 2020-21, he will be eligible to re-sign with the Lakers for $202 million over five years. That’s an extra $56 million a few months down the road. If Davis wants more future flexibility, he could sign a two-plus-one deal and align himself with LeBron James.Putting aside that giant pile of money, it’s also extremely difficult to find a logical landing spot for Davis outside of Los Angeles. As ESPN’s Bobby Marks notes, the Lakers can offer Davis the most money and a realistic chance to win titles in his prime years. Teams like the Cavaliers, Hawks, Hornets and Knicks will hold significant cap space, but good luck trying to convince Davis to join a massive rebuild.And on top of all that, “no one within league circles” believes Davis will leave the Lakers after one season, per Haynes. Sorry to all of the Lakers haters. Nothing to see here.last_img read more

Start reading Why Anthony Davis declining Lakers’ max contract extension offer doesn’t really matter