Finance organisation – Hot Bag Sale UK http://hotbagsaleuk.com/ Thu, 21 Oct 2021 08:55:38 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://hotbagsaleuk.com/wp-content/uploads/2021/06/icon-55-150x150.png Finance organisation – Hot Bag Sale UK http://hotbagsaleuk.com/ 32 32 Scientific Beta welcomes the update of the TCFD guidelines and renews its criticism of the EU’s climate transition and the benchmark regulation aligned with Paris https://hotbagsaleuk.com/scientific-beta-welcomes-the-update-of-the-tcfd-guidelines-and-renews-its-criticism-of-the-eus-climate-transition-and-the-benchmark-regulation-aligned-with-paris/ Thu, 21 Oct 2021 08:21:00 +0000 https://hotbagsaleuk.com/scientific-beta-welcomes-the-update-of-the-tcfd-guidelines-and-renews-its-criticism-of-the-eus-climate-transition-and-the-benchmark-regulation-aligned-with-paris/ Press release – Boston, London, Nice, Paris, Singapore, Tokyo, October 21, 2021 Scientific Beta welcomes the update of the TCFD guidelines and renews its criticism of the EU’s climate transition and the benchmark regulation aligned with Paris Index provider reiterates warnings against using carbon intensity based on company value and considers incorporation of temperature rise […]]]>

Press release – Boston, London, Nice, Paris, Singapore, Tokyo, October 21, 2021

Scientific Beta welcomes the update of the TCFD guidelines and renews its criticism of the EU’s climate transition and the benchmark regulation aligned with Paris

Index provider reiterates warnings against using carbon intensity based on company value and considers incorporation of temperature rise measures implicit in portfolio construction as premature

On October 15, 2021, the Task Force on Climate-related Financial Disclosures (TCFD) updated its 2017 guidelines on the implementation of its recommendations to promote more informed financial decisions in relation to the risks of climate change.1

Updated guidelines:

  • Promotes more granular or explicit disclosure of risks and opportunities identified by reporting organizations and their impact on their strategies

  • Introduced significant revisions to the metrics and targets disclosures to:

    • Encourage the adoption of relevant indicators in all sectors and related targets

    • Require disclosure of Scope 1, Scope 2 and significant Scope 3 emissions

    • Require the financial sector to disclose its funded emissions and the extent to which its activities align with the goals of the Paris Agreement

With respect to additional guidance for the financial sector on the Metrics and Targets pillar of the recommendations, Scientific Beta welcomes two major changes from the draft proposals on which the TCFD requested comments. First, TCFD reaffirms Weighted Average Carbon Intensity as Recommended Disclosure2 for funds, products and strategies (while also requiring disclosure of funded programs, where possible). Second, it takes a more cautious approach to disclosing alignment with Paris Agreement-compliant temperature scenarios.

“The TCFD is to be commended for taking an evidence-based stance on evolving metrics and goals and for overturning proposals that would have provided additional incentives for counterproductive actions by investors,” commented Frédéric Ducoulombier, director of ESG, who wrote Scientific Beta’s contribution to the TCFD. consultation.

“TCFD’s cautious approach to portfolio alignment suits the lack of maturity and convergence of methodologies in this area and we applaud the work commissioned by the organization to attempt to lay the groundwork for tool development. robust and convergent portfolio alignment, ”says Ducoulombier.

“While there is understandable interest in financed emissions as a potential carbon footprint approach for various financial activities and investments, it should not be allowed to guide stock selection and issuer engagement,” in particular because its dependence on enterprise value introduces volatility in the capital market in the measurement of carbon intensity. and obscures the relationship to real-world broadcasts, as we have documented in published research3. While not perfect, revenue-based carbon intensity, as approved by the TCFD since 2017, is a superior metric for these applications, ”he adds.

“The integration of climate considerations into the management of investments must be based on solid data and appropriate measures and methodologies, whether its primary objective is the management of climate-related risks and opportunities or the promotion of change mitigation. climate in the real world. The European regulator got it wrong and bears responsibility for the proliferation of greenwashing strategies claiming European labels, ”said Scientific Beta CEO Noël Amenc, who co-wrote a February 2020 report with Ducoulombier which warned against the unintended consequences of European regulations. in the making.4

“It is therefore a source of comfort and hope that the TCFD, despite a difficult political context, has chosen to revise its orientations in a way that preserves the metrics established and relevant for climate-related investments, reinforces the information at the level of the issuers they are on and takes a cautious and multi-pronged approach to strengthen the foundations for the integration of forward-looking climate-related data into investment management, ”he adds.

1 The TCFD was created by the Financial Stability Board, an international body that monitors and makes recommendations on the global financial system. Financial regulators around the world have endorsed the TCFD recommendations, with the European Union, Japan, UK, Brazil, Switzerland, Singapore and Hong Kong having defined or announced they will set aligned reporting requirements on the work of the TCFD. TCFD recommendations are organized around four pillars: Governance, Strategy, Risk Management and Metrics and Targets.
2 The TCFD distinguishes between recommended indicators that financial institutions “should disclose” and additional measures of carbon exposure and carbon footprint that they “should consider” for reporting. The weighted average carbon intensity (WACI) defined as the average, based on the portfolio weights, of the ratios at the emitter level of the greenhouse gas emissions of scopes 1 and 2 in relation to income was the only indicator recommended until now. ‘to the October 2021 update (which added financed emissions to be calculated according to standards being developed by the Partnership for Carbon Financial Accounting (PCAF)). The draft guidelines proposed to require disclosure of “programs funded in accordance with the CFP methodology and WACI, where applicable (…)
3 Carbon intensity hits a net zero, Frédéric Ducoulombier and Victor Liu, The Journal of Impact & ESG Investing, Spring 2021, Volume 1, Issue 3, pp. 59-73.
4 Unsustainable proposals: a critical assessment of the TEG final report on climate benchmarks and ESG disclosures of benchmarks and corrective proposals, Noël Amenc and Frédéric Ducoulombier, Scientific Beta, February 2020.

About the science beta:
Scientific Beta aims to be the premier provider of a smart factor and ESG / climate index platform to help investors understand and invest in advanced factor equity and ESG / climate strategies. Created by the EDHEC-Risk Institute, one of the first academic institutions in the field of fundamental and applied research for the investment industry, Scientific Beta shares the same concern for scientific rigor and veracity, as it does applies to all the services it offers to investors and asset managers.

On January 31, 2020, Singapore Exchange (SGX) acquired a controlling stake in Scientific Beta. SGX maintains the close collaboration with EDHEC Business School and the principles of independent and empirical academic research, which have so far benefited the development of Scientific Beta. Since 2015, Scientific Beta has also offered very advanced strategies in the field of ESG and climate change, whether these are options integrated into smart beta indices or pure or climate ESG benchmarks.

In addition to its own research, Scientific Beta supports a major research initiative developed by EDHEC on ESG and climate investment and cooperates with VE and ISS ESG for the construction of its ESG and climate indices.

Scientific Beta, 1 George Street, # 15-02, Singapore 049145. For more information, please contact: contact@scientificbeta.com, Web: www.scientificbeta.com.


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IMF Chief Economist Gita Gopinath to quit job and return to Harvard University https://hotbagsaleuk.com/imf-chief-economist-gita-gopinath-to-quit-job-and-return-to-harvard-university/ Wed, 20 Oct 2021 01:55:00 +0000 https://hotbagsaleuk.com/imf-chief-economist-gita-gopinath-to-quit-job-and-return-to-harvard-university/ Mysuru-born Gita Gopinath was the IMF’s very first female chief economist. Washington: IMF chief economist Gita Gopinath will quit his job in January next year and return to prestigious Harvard University, according to the global financial institution. The eminent 49-year-old Indo-American economist joined the International Monetary Fund (IMF) as chief economist in January 2019. She […]]]>

Mysuru-born Gita Gopinath was the IMF’s very first female chief economist.

Washington: IMF chief economist Gita Gopinath will quit his job in January next year and return to prestigious Harvard University, according to the global financial institution.

The eminent 49-year-old Indo-American economist joined the International Monetary Fund (IMF) as chief economist in January 2019.

She was John Zwaanstra Professor of International Studies and Economics at Harvard University when she joined the Washington-based global lender.

IMF Managing Director Kristalina Georgieva said on Tuesday that the search for Gopinath’s successor would begin shortly.

“Gita’s contribution to the Fund and to our members has been truly remarkable – quite simply, its impact on the work of the IMF has been enormous,” Georgieva said.

Ms. Gopinath, born in Mysuru, was the IMF’s very first female chief economist.

Harvard University exceptionally extended his leave for one year, which allowed him to serve as chief economist at the IMF for three years.

“She made history as the Fund’s first female chief economist and we have benefited immensely from her keen intelligence and in-depth knowledge of international finance and macroeconomics as we navigate the worst economic crisis since 2014. Great Depression.

“Gita has also earned the respect and admiration of her colleagues in the Fund’s research department and all members for leading rigorous analytical work and policy relevant projects with high impact and influence,” said said Georgieva.

The IMF said that as part of its many important initiatives, Ms Gopinath co-authored the ‘Pandemic Paper’ on How to End the Covid-19 Pandemic which set globally approved targets for vaccinate the world.

This work led to the establishment of the Multilateral Task Force comprised of the leaders of the IMF, World Bank, World Trade Organization and World Health Organization to help end the pandemic and the setting up a working group with vaccine manufacturers to identify trade barriers, bottlenecks and accelerating vaccine delivery to low- and lower-middle-income countries, IMF said in a press release.

Among her other key achievements, Ms. Gopinath helped set up a climate change team within the IMF to analyze, among other things, optimal climate change mitigation policies.

“I would like to express my personal gratitude to Gita for his impressive contributions, his always wise advice, his dedication to the mission of the Research Department and the Fund in general, as well as for his inclusive and accessible approach widely recognized towards his colleagues and its staff. Georgieva added.

Born in December 1971 to Malayalee parents, Ms. Gopinath was educated in Kolkata and graduated from Lady Shri Ram College of Commerce in Delhi. She obtained a master’s degree from the Delhi School of Economics and the University of Washington.

Ms. Gopinath received her PhD in Economics from Princeton University in 2001 and was guided by Kenneth Rogoff, Ben Bernanke and Pierre-Olivier Gourinchas.

She joined the University of Chicago in 2001 as an assistant professor before moving to Harvard in 2005. She became a full professor there in 2010.

She is the third woman in Harvard history to be a full professor in its prestigious economics department and the first Indian since Nobel laureate Amartya Sen to hold this post.

(This story was not edited by NDTV staff and is auto-generated from a syndicated feed.)


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CFOs divided on post-Covid resilience https://hotbagsaleuk.com/cfos-divided-on-post-covid-resilience/ Mon, 18 Oct 2021 20:19:53 +0000 https://hotbagsaleuk.com/cfos-divided-on-post-covid-resilience/ CFOs don’t have a clear plan for where they should focus their investments in 2022, according to a new study from the organization. Despite an overwhelming consensus that managing business continuity risk has become a much more pressing concern, most are divided over where to build post-pandemic resilience. The study, conducted this summer among CFOs […]]]>

CFOs don’t have a clear plan for where they should focus their investments in 2022, according to a new study from the organization.

Despite an overwhelming consensus that managing business continuity risk has become a much more pressing concern, most are divided over where to build post-pandemic resilience.

The study, conducted this summer among CFOs of 125 organizations with more than 1,000 employees, shows that 99% of them agree that business continuity risks in back office processes have become more of an issue. important since February 2021, with one in five agreeing “completely”.

Likewise, 99% suggested that a more robust approach to mitigating business continuity risks was important to their operations over the next 12 months.

But researchers on behalf of payroll and human resources specialist Zellis found mixed views on what was needed to support that resilience. Nearly half said “reviewing supplier relationships” and seeking “operational efficiency” had required more personal attention since the start of the pandemic.

As the return to normalcy became clearer over the summer, the focus on investing in increasing digitization and improving remote working options were the areas they wanted the more tackle, followed by talent management, cost control and automation.

“While the past 18 months have been about keeping the business out of the water during the pandemic, the coming year will be about how to rebuild and improve operations,” Zellis chief financial officer said. , Alan Kinch. “The problem with CFOs is that after a year of exceptional stress, there are now so many areas of the business that need urgent attention. The board turns to its CFO and asks: which area should we focus on first? “

CFOs are now facing all kinds of new pressures, not only from the board, but also from investors and clients.

While almost everyone surveyed recognized the importance of planning for business continuity risks, only half of them have updated their approach in the past 12 months. A quarter were still developing only new mitigation strategies, while a similar number had made no changes.

Those who had adjusted their strategies in the past 18 months were more likely to suggest that regulatory compliance and reducing inefficiency were their top priorities for the coming months. They were also more likely to see analysis and the need to upgrade their technology as a priority than their counterparts who had made little or no change.

This opens up a significant advantage when businesses seek to avoid disruption resulting from staff changes or talent shortages. Zellis’ previous study, conducted at the start of the pandemic in 2020, showed that nearly half of companies were unsure of their ability to operate if key staff members became incapacitated. Twenty-seven percent surveyed this year admitted they would push for more automation for this reason.

“Finding the right area to focus on at a time when everything can change in the blink of an eye is no easy task,” Kinch said. “CFOs are now facing all kinds of new pressures, not only from the board of directors, but also from investors and clients. This means that in addition to taking care of an organization’s finances, they are now firmly in the “hot seat” to have the right tools and plans in place to eliminate risk.

“Seeking a resiliency-based approach often means improving access to the information, reports and functionality needed to withstand significant changes; the sooner CFOs can master this, the sooner they will see the benefits across their organization. “


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Raising Retirement Income: Easy Side Activities for Retirees | Personal Finances | Finance https://hotbagsaleuk.com/raising-retirement-income-easy-side-activities-for-retirees-personal-finances-finance/ Sun, 17 Oct 2021 15:27:30 +0000 https://hotbagsaleuk.com/raising-retirement-income-easy-side-activities-for-retirees-personal-finances-finance/ While side activities are often not profitable enough to create a full-time income, for retirees it can be the difference between making ends meet and living in luxury. A side business usually pursues something that one is naturally competent and enjoys, essentially turning hobbies into profits, which places more emphasis on choosing the one that […]]]>

While side activities are often not profitable enough to create a full-time income, for retirees it can be the difference between making ends meet and living in luxury. A side business usually pursues something that one is naturally competent and enjoys, essentially turning hobbies into profits, which places more emphasis on choosing the one that best suits one’s lifestyle. .

In the modern age, almost anyone can become a con artist without even leaving their front door, the internet offers so many part-time, one-off or one-off jobs and lucrative opportunities.

It may be worthwhile to search for job websites with relevant keywords, such as sewing, cooking, or teaching.

However, if someone is looking to work on their own schedule based on their energy level and spare time, it may be better to start alone rather than scrambling for an organization.

Here are some of the simpler side activities that are perfect for retirees looking to supplement their retirement savings.

Surveys and mystery shopping

There are countless websites offering payments in exchange for surveys and mystery shopping, both of which seek to gain insight into how the public and customers view a business.

Websites like Swagbucks and apps like Curious Cat offer monetary compensation for their surveys alongside other offers like gift cards and feature brands or products a respondent may never have heard of before. .

These surveys can be done from anywhere at any time, and the majority of businesses instantly refund once enough points have been earned, while mystery shopping takes a little more effort.

Retailers will pay customers to go to the store and test the store customer experience, reporting after their shopping on things like the shelves are well stocked, the items are easy to find, and how easy the store is. staff were helpful and friendly.

DO NOT MISS :

If a mystery shopper is required to purchase something, they should be compensated for that purchase in addition to being paid to be a mystery shopper.

Blogging

Starting a blog has little to no start-up costs and as a retiree it provides the opportunity to share experiences, knowledge and life lessons with a large community that may need it.

However, it requires consistency and a fair amount of technical knowledge if one is to set it up alone without paid professional help.

It can also be one of the easiest passive income streams if the blog receives enough traffic to attract affiliate marketing opportunities where ads for other businesses are placed on their blog in return for a payment.

Product testing

This opportunity is similar to mystery shopping, except that most items will be delivered direct to your doorstep and reviews are based on the product only.

Not only does this offer a good amount of money and take relatively little time, the majority of the products tested are usually free and testers can keep them after giving their opinion.

Independent and entrepreneurship

For many, retiring from a job they truly enjoy is a heart-wrenching affair, and these retirees are often eager to re-enter the workforce, even if they can’t.

By freelancing in a similar field of work, retirees can decide their hours of work, the number of clients / orders they take and how much effort they put into the business.

Likewise, starting a small business in the same field you were working in offers the same freedoms as well as greater profit than they would get in a large business.

However, unless one is well-known in their field, it can be difficult to get the first customers or clients, this is where a good understanding of digital marketing can come in handy, although many independent professionals are also available to help you.

Guarding

From pets to plants and children, there is a range of different opportunities in the childcare industry, which means that a retiree can choose the industry they feel most comfortable with. ‘easy.

Pet sitting and dog walking as well as babysitting will likely require some form of insurance to give clients the peace of mind that their beloved family members are in good hands.

However, house-keeping and plant-keeping often does not require much effort other than general day-to-day chores when needed and is generally safe for those providing the services.


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Civil service hit by 1.3 million sick days … and report reveals “some signs of improvement” https://hotbagsaleuk.com/civil-service-hit-by-1-3-million-sick-days-and-report-reveals-some-signs-of-improvement/ Sat, 16 Oct 2021 10:00:00 +0000 https://hotbagsaleuk.com/civil-service-hit-by-1-3-million-sick-days-and-report-reveals-some-signs-of-improvement/ Almost 1,300,000 days of civil service work have been lost due to absenteeism over the past five years, according to figures. concerns about the absence rates of civil servants have been on the rise for some time. Last year, an audit office report found that ‘consistently high levels’ of sick leave within the organization had […]]]>

Almost 1,300,000 days of civil service work have been lost due to absenteeism over the past five years, according to figures.

concerns about the absence rates of civil servants have been on the rise for some time.

Last year, an audit office report found that ‘consistently high levels’ of sick leave within the organization had cost £ 169million since 2015.

However, last year, when working from home was introduced due to the pandemic, absenteeism plummeted.

According to figures from the Department of Finance (DoF), which manages personnel matters for the Public Service of Northern Ireland (NICS), an average of 9.8 working days were lost in fiscal year 2020/21 for each staff member, up from a high level out of 13 in 2017/18.

This represents an average of 4.4% of available working days lost last year, compared to an average of six in 2017/18.

In 2020/21, a total of 207,160 days were lost due to sick leave, up from 272,797 in 2019/20.

Over the past five years, a total of 1,298,745 days have been lost due to sick leave in NICS.

The figures were released by Finance Minister Conor Murphy after a question to the Assembly from independent trade union member Claire Sugden.

Ulster Union MP Steve Aiken, chairman of Stormont’s finance committee, said the situation needed to be addressed.

“The still high levels of absenteeism remain very worrying,” he added.

“Even though levels have fallen during the Covid pandemic, NICS senior management needs to urgently address these issues.

“We look forward to hearing from the new head of the civil service explain how she plans to tackle this problem.”

Last year’s report found that absences from NICS increased by 10% over the previous five years. The rate was almost double the level seen in England.

Comptroller and Auditor General Kieran Donnelly said, “High sickness absence rates in the public sector are not a new phenomenon. However, this report finds few signs of sustained improvement.

“It is time for public sector organizations to make a concerted effort to reduce the level of sickness absence and to develop a cohesive approach to attendance management. With this in mind, the local government auditor and I have identified a number of key principles in attendance management that should be applied throughout central and local government.

“A strong culture of presence needs to be embedded across the public sector in Northern Ireland and driven from above.

“We recommend that organizations focus on targeting long-term absences through preventative measures and early intervention.

“It is also vital for all organizations to measure and analyze sickness absence levels if they are to understand their impact, not only in terms of costs, but also on the quality of service provided to the public.

Earlier this year, Stormont’s public accounts committee called for sweeping public service reform to make it fit for purpose.

As the pandemic saw a drop in absences, the Belfast Telegraph revealed in April this year that around one in seven managerial positions in the NICS were vacant, leading to calls for the staff situation in the organization is reviewed.

A spokesperson for the Ministry of Finance said: “While the level of sick leave in the public service has declined over the past year, we continue to look at absenteeism and see how the trend is decline can be maintained. Policies in place to manage sick leave include promoting good mental and physical health and supporting staff returning to work after sick leave.

“We are working together with unions and our Employee Advisory, Occupational Welfare and Health teams to help colleagues stay on the job and return to work as soon as they can.”

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Law Firms Embrace the “Drivers of Change” https://hotbagsaleuk.com/law-firms-embrace-the-drivers-of-change/ Fri, 15 Oct 2021 03:31:52 +0000 https://hotbagsaleuk.com/law-firms-embrace-the-drivers-of-change/ Several of the people on this list have won the support of their law firms for bringing about radical change, despite their lack of a law degree. Even a practicing lawyer can have a hard time convincing their business that it needs to change, especially if it is profitable. These ‘change makers’ say they need […]]]>

Several of the people on this list have won the support of their law firms for bringing about radical change, despite their lack of a law degree.

Even a practicing lawyer can have a hard time convincing their business that it needs to change, especially if it is profitable.

These ‘change makers’ say they need to find a balance between standing out through innovation clusters or bringing ideas outside the law, and gaining trust by building relationships and empowering people in the field. whole company.

FT Innovative Lawyers Change Maker award winner Caroline Firstbrook did just that and garnered policy support by showing partners how a more business mindset can produce immediate and long-term results.


Profiles compiled by RSGi researchers and FT editors. “Winner” indicates that the organization has won an FT Innovative Lawyers Europe 2021 award

Winner: Caroline Firstbrook

Chief Operating Officer, Clifford Chance

First an engineer then a strategic consultant, Caroline Firstbrook joined Clifford Chance as COO six years ago. She has set an agenda for radical change and is now leading the business professionals, or “lay people”, within the global firm, including those in finance and human resources.

One of her first jobs was to bolster the business discipline she had seen in her previous workplaces, including Accenture, the business consultancy firm.

It was not an easy task: legal partnerships are often more tolerant of idiosyncratic behavior among employees. When Firstbrook showed bosses at Clifford Chance that new measures like recording billable work within 48 hours could save up to $ 65 million a year, they were convinced. The company has seen a 60% increase in profitability since Firstbrook joined Firstbrook. His next plan for billable hours is to get rid of legal services.


Ben Allgrove, partner, Baker McKenzie

Ben allgrove

Ben Allgrove, who heads Reinvent, the innovation arm of Baker McKenzie, recently took on the title of Chief Innovation Officer.

He divides his time between legal practice, where he is an expert in digital media and technology, and driving the adoption of technology from contract review and ediscovery tools to more forward-thinking projects.

One example is a collaboration with SparkBeyond, a specialist in using artificial intelligence to solve problems. Baker McKenzie uses this technology to forecast M&A volume and help find new clients. So far, the pilot projects have been successful.


Marc Barron, partner, Taylor Wessing

Marc Barron

Mark Barron has spent 20 years helping provide the vision that has helped his company be recognized as a technology leader. He was the founding partner of his Silicon Valley office, winning clients and making good use of what he had learned upon his return to London: to apply the innovative approach of a tech start-up to culture and to Taylor Wessing’s operations.

Barron established a team of 50 “innovation ambassadors” across the company and introduced the ideas of design thinking. The team has set up Closing Folders, a transaction management platform and an app called Eureka, which is used to organize new ideas. Out of 50 such ideas generated in its first four months, eight became projects.


Gerrit Beckhaus, partner, Freshfields Bruckhaus Deringer

Gerrit Beckhaus

Gerrit Beckhaus is the founder of Freshfields’ Associate Innovation Program, which assigns associate lawyers to clients and assigns them to find better ways to deliver legal services.

He launched Freshfields Lab in 2019, which he now runs alongside his partner Lukas Treichl. The innovation arm of the company aims to develop technological solutions to customer problems. Among more than 30 of these solutions is a simulation tool that quantifies exposure to mass complaints and a notification platform for data breaches. These solutions combine off-the-shelf products with the company’s proprietary technology.

The team ensures that proprietary components are reproducible and scalable.


Eileen Burns, Chief Digital Officer, Arthur Cox

Eileen Burns

Previously a consultant at Accenture, Eileen Burns joined Arthur Cox in 2018. Since then, she launched a consulting branch, implemented a new digital strategy and initiated a digital transformation program within the firm.

So far, Arthur Cox has deployed new ediscovery services as well as a platform that responds to data subjects’ access requests. ACScribe, the firm’s document automation system, dramatically reduces the time lawyers need to create draft contracts. Thanks to Burns’ new approach, the associate review system now includes credit for time spent on approved digital projects as part of their billable hour goals.


Matthew Doughty, Group COO, DWF

Matthew Doughty

The Covid pandemic hit DWF hard in the last quarter of its fiscal year, until April 2020, resulting in two profit warnings and a drop in the share price.

At this point, Sir Nigel Knowles took over as Managing Director and Matthew Doughty was appointed the company’s first COO. Doughty has developed a 100-day turnaround plan, focusing on combining basic legal advice with access to its Mindcrest and Connected Services offerings: all three are now offered to clients as a single service.

Doughty’s efforts have contributed to improved group revenues and a rise in the share price, as well as bringing new customers to the company.


Karyn Harty, partner, McCann FitzGerald

Karyn Harty

© www.kipcarroll.com

As a lawyer specializing in commercial litigation, Karyn Harty has carved out a niche in Ireland by encouraging greater use of technology in the law.

In 2015, it received Irish court approval for the country’s first technology-assisted document review, when lawyers had to review 1.8 million documents for one case (Irish Bank Resolution Corporation v Quinn). As the first use of the technique in Irish courts, it was controversial as many Irish companies had large and profitable manual review teams.

Harty founded and heads the Legal and Technology Solutions division at McCann Fitzgerald. This involves implementing the firm’s digital strategy and helping colleagues find new ways to deliver legal services.


Ben McGuire, Managing Director, Simmons & Simmons Solutions

Ben mcguire

Fifteen years in the British Army have enabled Ben McGuire to help people make changes. In his role as chief innovation officer within the company for the past five years, he has convinced the partnership to invest in experimentation.

Solutions, the firm’s innovation group, includes ediscovery services, legal engineering (with Wavelength, the legal services company it recently acquired) and technology product development. McGuire worked with lawyers at the firm to develop new revenue-generating services, including a tool that assesses the risk of trademark infringement and one that facilitates cross-border data transfer. The group achieved a turnover of £ 18million last year.


Chris Tart-Roberts, Chief Knowledge and Innovation Officer, Macfarlanes

Chris Tart-Roberts

Chris Tart-Roberts created the firm’s legal technology team in 2016, transforming it into a paid practice area that deals directly with clients.

The 20-person team comes from a variety of disciplines including data science, product development and legal practice.

Services offered by the team include Vantage, which uses AI and data analytics tools to help financial institutions transition from the London Interbank Offered Rate (Libor), and Bastion, a suite of tools for to family offices which combines contract management, data analysis and project management.


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International Cable Protection Committee appoints project manager | Business and finance https://hotbagsaleuk.com/international-cable-protection-committee-appoints-project-manager-business-and-finance/ Tue, 12 Oct 2021 16:11:42 +0000 https://hotbagsaleuk.com/international-cable-protection-committee-appoints-project-manager-business-and-finance/ PORTSMOUTH, United Kingdom – (BUSINESS WIRE) – October 12, 2021– In May 2021, the International Cable Protection Committee (ICPC) launched a campaign to hire a UK-based project manager, and after a thorough screening process of qualified applicants, the ICPC selected Mr. John Wrottesley to fill this new role and they are pleased to announce that […]]]>

PORTSMOUTH, United Kingdom – (BUSINESS WIRE) – October 12, 2021–

In May 2021, the International Cable Protection Committee (ICPC) launched a campaign to hire a UK-based project manager, and after a thorough screening process of qualified applicants, the ICPC selected Mr. John Wrottesley to fill this new role and they are pleased to announce that his contract with the organization began on September 14, 2021. Mr. Wrottesley joins the Red Penguin team (an associate member company of ICPC).

The International Cable Protection Committee (ICPC) appoints Mr. John Wrottesley as project manager. (Photo: Business Wire)

As Project Manager, Mr. Wrottesley will coordinate and oversee organization-sponsored projects and additional research initiatives as well as ICPC recommendations (which are document guides to assist the submarine cable industry to promote the highest objectives of reliability and safety in the submarine cable environment). The new project manager will work under the supervision of the Director General of ICPC, Mr. Ryan Wopschall, and will work closely with the secretariat, the executive committee, the international legal adviser on cables, the marine environment adviser and the representative of the observers of the United Nations.

Mr. Wrottesley has worked in the submarine cable industry for 13 years, primarily in the licensing of cables related to telecommunications, energy (offshore wind and interconnections) and the oil and gas industries across the world. He has been involved in organizations in the submarine cable industry for many years and has served as chairman of the technical and regulatory subgroup within the European Submarine Cables Association (ESCA). Currently, he is the liaison officer for ESCA in addition to his work for ICPC.

Asked about his new appointment, Mr. Wrottesley said: “Having already been very familiar with the ICPC over the years, I am honored to now be involved in the important day-to-day activities of the ICPC and grateful to operate more. closely on their accomplishments for the global submarine cable community. I look forward to working with the Director General, Secretariat, EC and Advisors of ICPC, and to contribute to the continued excellent work undertaken by ICPC. ‘

About CIPC. The ICPC is the world’s leading organization for the protection of submarine cables. It was created in 1958 to promote the protection of submarine cables against risks of human and natural origin. It provides a forum for the exchange of technical, legal and environmental information on submarine cables and engages with stakeholders and governments around the world to promote the protection of submarine cables. The ICPC has more than 170 members from more than 60 countries, including cable operators, owners, manufacturers, industrial service providers, as well as governments. For more information on ICPC, see www.iscpc.org and www.linkedin.com/company/icpc-ltd/.

Ryan Wopschall, Executive Director of ICPC

KEYWORD: UNITED KINGDOM EUROPE

INDUSTRY KEYWORD: MARINE TECHNOLOGY TRANSPORT TELECOMMUNICATIONS INTERNET NETWORKS

SOURCE: International Cable Protection Committee

Copyright Business Wire 2021.

PUB: 12/10/2021 12:11 / DISC: 12/10/2021 12:11

Copyright Business Wire 2021.


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India obtains the third list of its nationals with a bank account in Switzerland https://hotbagsaleuk.com/india-obtains-the-third-list-of-its-nationals-with-a-bank-account-in-switzerland/ Mon, 11 Oct 2021 10:00:50 +0000 https://hotbagsaleuk.com/india-obtains-the-third-list-of-its-nationals-with-a-bank-account-in-switzerland/ India has received a list containing details of its national’s Swiss bank accounts from the Federal Tax Administration (AFC). This was the third such exchange between the Swiss body and India under the Global Standard on Automatic Exchange of Information (AEOI). His press release issued on Monday said he had exchanged information with 96 countries […]]]>

India has received a list containing details of its national’s Swiss bank accounts from the Federal Tax Administration (AFC). This was the third such exchange between the Swiss body and India under the Global Standard on Automatic Exchange of Information (AEOI). His press release issued on Monday said he had exchanged information with 96 countries on approximately 3.3 (33 lakh) million financial accounts.

What is AEOI?

Switzerland is committed to adopting the global standard for the international automatic exchange of information in tax matters, legal in January 2017. the reporting financial institution, account balance and capital income, ”said FTA in his press release. The alliance with India has been in effect since 2018.

The Organization for Economic Co-operation and Development (OECD) Global Forum on Transparency and Exchange of Information monitors implementation of the agreement. The idea is to help sovereigns fight offshore tax evasion.

Fighting tax evasion in India

Several media reports in June this year said funds held by Indians in the Swiss bank had exceeded 20,700 crore rupees, calculated at the end of the previous year. This has been compared to the end of 2019, when the figure stood at Rs 6,625 crore. He was further informed that the two-year downward trend had reversed as it was the highest deposit figure in the past 13 years.

Refuting the media report, the finance ministry said: “Customer deposits actually declined from late 2019. Funds held through trustees also fell by more than half from late 2019” .

He added that the biggest increase was in the form of “Other amounts owed by customers”. These were bonds, securities and various other financial instruments.

However, the government added that it had requested details of these deposits from Swiss authorities.

The Pandora Papers Leak

Development follows recent exhibitions ?? the International Consortium of Investigative Journalists (ICIJ) which published the “Pandora Papers” revealing the names of a multitude of sportsmen, celebrities, politicians and public figures choosing to park their fortunes in offshore tax havens.

He responded by saying: “The government has taken note of these developments. The relevant investigative agencies would undertake an investigation in such cases and appropriate action would be taken in such cases in accordance with the law.” A multi-agency group led by the Tax Department’s president would investigate the alleged escape and have representations to CBDT, ED, RBI and the Financial Intelligence Unit.


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mom says she “made a career of complaining” | Personal Finances | Finance https://hotbagsaleuk.com/mom-says-she-made-a-career-of-complaining-personal-finances-finance/ Sun, 10 Oct 2021 03:00:00 +0000 https://hotbagsaleuk.com/mom-says-she-made-a-career-of-complaining-personal-finances-finance/ Helen Dewdney, 52, has been passionate about what is right since the age of 12 and loves nothing more than helping people defend themselves. In an exclusive interview with Express.co.uk she tells readers how she made it her career and shares some of her secrets. Helen certainly knows her field when it comes to consumer […]]]>

Helen Dewdney, 52, has been passionate about what is right since the age of 12 and loves nothing more than helping people defend themselves. In an exclusive interview with Express.co.uk she tells readers how she made it her career and shares some of her secrets.

Helen certainly knows her field when it comes to consumer rights – she runs the Complaining Cow blog and YouTube channel, has written a bestselling book called How to Complain Effectively – The Essential Guide to Getting Refunds. She also appears regularly on television screens as a consumer champion and rights activist.

Looking back, it all started when Helen was in school and founder of the school magazine. She remembers being annoyed because the girls wanted to play netball but never got the chance because the boys and girls were pushed together for physical education classes.

“I spoke to my father, who casually said, ‘I wonder what the sex discrimination law would say about this.’

READ MORE: SEISS 5 grant worth £ 7,500 to end today

“So I decided to ask the whole school through the magazine. Results? I was prevented from producing the magazine. However, the discrimination, as I saw it, stopped the following week and we played netball.

This first taste of success sparked a long-standing love to stand up for what is right, Helen recalls a few other times when her strong will was put to the test and she was forced to face the big boys. .

She said: “As a teenager I wrote to Jackie magazine about an organization that was fundraising for alternatives to animal testing and had my letter printed. They didn’t pay so I had to write and complain.

Clearly for Helen, it’s not about the money – it’s about helping others get damages for shoddy merchandise or poor customer service.

DO NOT MISS

Helen has helped many people over the years, but a 70-year-old fan was so thrilled that she wrote a review on Amazon to say that she hired a double glazing company and won because of her advice.
She wrote: “I had been fighting for eight months with a double glazing company to make it fit the front door I ordered, not the one they decided to give me.

“If you’re fighting a big corporation where most of the communication goes through one of those horrible call centers, where you never talk to the same person twice, and they never give you a constructive response, then get this book! “

Another client, Lily Ryan, received £ 1,500 in compensation after she used Helen’s advice to complain about choking on a piece of plastic in a protein bar.

Ms Ryan said: ‘They tried to put me off with £ 50 so I went to the top. After many email exchanges I finally got £ 1,500! “

Helen loves to help others and has always fought on behalf of her friends and family for redress if she felt she was justified in doing so.

She started the Complaining Cow blog in 2013 when someone suggested that she share her experience, wisdom, and stories with others.

Soon after, it became apparent that there was a gap in the market, so she published her book: How to Complain Effectively – The Essential Guide to Getting Refunds.

The book is packed with helpful tips to help people complain effectively, including:

1) Always complain in writing as this will also serve as evidence – be objective and polite
2) Don’t be afraid to cite consumer laws like the Consumer Rights Act 2015 and the Consumer Protection from Unfair Trading Regulations
3) Set a deadline by which you expect a response
4) Say what you want as a reward. Is it an apology, a refund, something for the inconvenience? Be reasonable but assertive.
5) Tell them what you will do if you do not receive a satisfactory answer

While Helen has helped people save thousands of pounds over the years, she’s definitely not here for the money.

She was enthusiastic: “What I love is that I empower people rather than doing it for them and that they have access to this advice for free on my blog and through the book.”

In addition to battling the corner of the individual, she now works alongside large companies, sharing her knowledge with them to help them provide good customer service.

With Helen’s help, the hope is that fewer people will feel the need to complain in the first place.


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Statement by the Deputy Prime Minister on the new international agreement on tax reform https://hotbagsaleuk.com/statement-by-the-deputy-prime-minister-on-the-new-international-agreement-on-tax-reform/ Fri, 08 Oct 2021 22:06:00 +0000 https://hotbagsaleuk.com/statement-by-the-deputy-prime-minister-on-the-new-international-agreement-on-tax-reform/ Today, the Organization for Economic Co-operation and Development (OECD) announced that 136 countries, including Canada, have agreed to the elements of the historic two-pillar plan on international tax reform. The Honorable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, today issued the following statement: October 8, 2021 – Ottawa, Ontario – Department of Finance […]]]>

October 8, 2021 – Ottawa, Ontario – Department of Finance Canada

Today, the Organization for Economic Co-operation and Development (OECD) announced that 136 countries, including Canada, have agreed to the elements of the historic two-pillar plan on international tax reform. The Honorable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, today issued the following statement:

“Canada strongly supports international efforts to end the race to the bottom in business and ensure that all businesses, including the world’s largest corporations, pay their fair share. Today’s agreement will ensure a level playing field for Canadian workers and Canadian businesses in the global economy.

“Canada’s strong and essential social safety net rests on a strong national tax base. That is why those doing business in Canada must pay their fair share. Canada has a clear national interest in this multilateral agreement, which protects against erosion of the tax base and which will generate additional revenue for Canada.

“Canada looks forward to working with its international partners to implement this ambitious new tax framework and to legislate on its implementation. Canada’s priority and preference has always been a multilateral agreement.

“To ensure that the interests of Canadians are protected at all times, we intend to move forward with legislation finalizing the passage of a digital services tax (RST), by January 1, 2022, in accordance with the 2021 budget. RST would be taxed as of January 1, 2024, but only if the convention implementing the tax regime of this global agreement has not entered into force. In this case, DST would be payable from 2024 in respect of income earned on January 1, 2022. We sincerely hope that the swift implementation of the new international system will make this unnecessary.

“I welcome this historic international agreement. It is a victory for the Canadian middle class and Canadian businesses. This will end the race to the bottom in taxation and put Canadian businesses on a level playing field with our global competitors.

Fast facts

  • The first pillar of the OECD agreement will ensure that the world’s largest and most profitable companies, including large digital companies, pay a fair share of tax in the jurisdictions where their users and customers are located.
  • The second pillar of the OECD agreement will ensure that multinational companies are subject to a minimum tax level of at least 15 percent, regardless of where their profits are made. This will help put an end to the race to the bottom in corporate taxation.

/ Public distribution. This material is from the original organization / authors and may be ad hoc in nature, edited for clarity, style and length. The views and opinions expressed are those of the author (s). See it in full here.


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