A Furzedown woman has been sentenced for illegal credit brokerage in the first prosecution of its kind. Floridel Atilano, 58, from Edencourt Rd, was sentenced to a 12-month community order and ordered to complete 150 hours of unpaid work, following a hearing at Snaresbrook Crown Court today (Thursday, May 27). She pleaded guilty to unlawfully engaging in credit broking at a previous court hearing on March 23. Credit brokers offer services to help people find credit, for example a payday loan, by comparing the market and making introductions to companies providing deals. Ms Atilano pleaded guilty to running an unlicensed credit business for three years, where around £97,000 loans were issued in the Filipino community.
So far, DC plans have largely been focused on the onset of auto-enrolment and changes to the regulatory framework - be it the ‘charge cap, ‘pension freedoms or consultations around ‘value for money , says Annabel Tonry, Executive Director at J.P. Morgan Asset Management (JPMAM).Download
In 2015 George Osborne, then the UK Chancellor of the Exchequer, decided that those age over 55 could take much more of their pension in cash. This has since opened up a range of possibilities for DC scheme members in the world of pensions.Download
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Essex and Merton appoint Hymans Robertson
The Local Government Pension Scheme (LGPS) funds of Essex and the London Borough of Merton have appointed Hymans Robertson for investment consultancy services.
Both contracts were awarded using the National LGPS Frameworks, which facilitate faster tender processes for local authority funds.
The Essex contract commenced on 1 April and will run for three years until 31 March 2024, while the Merton appointment will run for five years from April to 31 March 2026.
Also announced last week, Essex appointed an independent investment adviser, Mark Stevens, to provide advice to the fund in accordance with a timetable agreed by the investment steering committee. The contract runs from 1 January this year to 31 December 2023.
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| UPDATED: 20:20, Fri, Mar 5, 2021
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The Covid virus has inevitably mutated. But while this may sound frightening, all viruses naturally mutate as they spread through a population, so coronavirus is just following in its genetic trajectory. The COVID-19 virus has, in fact, changed at a slower pace compared to other viruses like seasonal flu, which mutates so quickly that a new vaccine has to be introduced every year. Covid is an RNA virus, like the flu and measles, a type which is more prone to mutations that DNA viruses like herpes and smallpox.