707 Cavendish Road, Holland Park.More from newsCrowd expected as mega estate goes under the hammer7 Aug 2020Hard work, resourcefulness and $17k bring old Ipswich home back to life20 Apr 2020This 1950s brick post-war cottage has hit the market and there’s plenty that can be done to it.The two-bedroom, one-bathroom property at 707 Cavendish Rd, Holland Park is a 878sq m block.Nobel Realtors – Corinda selling agent Anna Samios said: “Possibilities are endless, either keep the original residence tenanted while you plan to build your future palatial dream or add your own personal flair to this character home”.The property features a north-easterly aspect, a secluded rear entertaining area and a fully fenced yard.The property is close to schools, shops and walking tracks.
“Trustees are expected to meet regulations, understand their duties and discharge them with reference to the various frameworks – that’s going to require a lot of written policies,” she said. Ireland’s pension trustees face an “onerous” compliance burden to prepare for IORP II’s implementation in January, according to consultants and regulators.The Pensions Authority, Ireland’s regulator, published guidance for trustees earlier this week detailing the new requirements that the EU rules will bring in. The Irish government has yet to publish its plan for integrating IORP II into local law.The new rules include “fit and proper” tests for trustees, written policies on key areas of risk management and outsourced services, and minimum standards for communication with members.However, Ireland’s comparatively small pensions sector could find it difficult to meet IORP II’s “quite onerous standards” in the three months left before the law comes into force, said Roma Burke, partner and actuary at LCP in Ireland. Roma Burke, LCP“It reminds me of GDPR, where there was a rush to get things done.“This is a significant enhancement of the regime that sets people up on a higher level and needs a one-off significant effort.”Ireland’s relatively small population – at 4.8m it is the 20th biggest out of the 28 EU member states – meant schemes tended to be smaller and less well resourced, Burke added.“This will probably go above and beyond what most trustees are used to, and we’d expect significant costs for trustees to comply,” she said.Colum Walsh, deputy head of compliance at the Pensions Authority, added: “Larger schemes are doing it all already, but it is the smaller schemes where trustees have a lot more challenges. A lot of it is very, very new.”“The game has shifted, from needing a broad understanding of governance, to requirements enforced through legislation”Colum Walsh, Pensions AuthorityThe Pensions Authority’s existing guidelines for defined contribution (DC) funds are mostly voluntary and do not carry punishments for non-compliance. Current trustee standards set “quite a low bar”, Burke added, ruling out only people who have been declared bankrupt, convicted of fraud, or barred from being company directors.“Now we’re moving to an environment where there are fit and proper requirements,” she said. “Trustees will have to look at themselves and their colleagues and make sure they are fit and proper and manage that on an ongoing basis.”Smaller schemesWalsh told IPE that the smallest schemes could be exempt from the rules – but this would depend on how the government implements IORP II.Article 5 of IORP II allows for member states to exempt schemes with 100 members or fewer from the most onerous of requirements. Ireland chose this option when implementing the first IORP directive in 2003.“The industry has the same expectation this time round but we can’t say for certain,” Walsh said.The regulator recently launched a consultation on the future regulation of DC schemes with a view to encouraging consolidation – and Walsh said the increasing regulatory burden was one reason for this move.He added: “A number of [schemes] are doing well but they haven’t engaged on this level before. For schemes that haven’t looked under their own bonnets at how to mitigate risk, that’s going to be a shift.”The regulator Leinster House, home of Ireland’s parliamentWalsh also highlighted the challenges facing the Pensions Authority as it prepared to enforce the new rules.“We’ve probably been more reactive in the past, which is reflective of our legislation,” he said. “The enhanced expectations on trustees and evolving regulations lead to higher expectations.”Ireland’s pensions regulation was “principles based” prior to IORP II, Walsh added. While the details of the changes depended to some extent on how the government fitted IORP II into legislation, he emphasised that “the game has shifted, from [needing] a broad understanding of governance, to requirements enforced through legislation”.The Irish government has stated that it would implement IORP II as part of its ambitious overhaul of the pension system. read more
Share Share Sharing is caring! Share Tweet FaithLifestyleLocalNews Caribbean looks to religion for spiritual help by: – February 17, 2014 87 Views no discussions ST JOHN’S, Antigua, Monday February 17, 2014, CMC – Caribbean religious and political figures met here on Sunday for a three-hour regional inter-faith service ahead of a forum on Monday that they hope would help formulate a strategic plan for the Caribbean Community (CARICOM).They are also hoping that the event would begin a process among Faith Based Organizations (FBOs) within the region aimed at transforming the social fabric of the Community.Host Prime Minister Baldwin Spencer, who spearheaded the initiative for the regional inter faith conference, told the congregation at the St. John’s Pentecostal Church that he was certain that the Lord “has brought us here and forum was an historic occasion (and) we start off by worshipping together”.He described the one-day forum on Monday as “a very important event” that would place religion at “the future of this region”.CARICOM chairman and Prime Minister of St. Vincent and the Grenadines, Dr. Ralph Gonsalves said religion played an important role in the life of Caribbean people.“The Caribbean nations are founded in the supremacy of God and we are here today to re-affirm the fact that we are founded in the supremacy of God,” he said, adding there was nothing more joyous “to hear our people in the Caribbean in praise of our God and Saviour.Gonsalves told the congregation that the Caribbean is awash with several religious persuasions and values “but whatever the bundle of belief, we in our region worship with a Caribbean particularity with a joy.“There is absolutely no celebration in the world that gives as much joy,” he said, adding “it is easy for us to celebrate inter faith (but) what we have to do is go beyond and celebrate with meaningful love for without it, faith if meaningless”.Gonsalves said that given the number of religious faiths in the Caribbean it was also important to resolve whatever differences that may arise “and let us not fight one another”.He also took the opportunity to remember Haitians residing in the Dominican Republic who are likely o be affected by a Constitutional Court ruling last September that could render those of Haitians stateless.General Secretary of the Caribbean Conference of Churches (CCC), Gerard Granado said his membership consisting of 33 churches in 32 countries was committed to the forum “because as people of faith we know God is a God of possibilities”.But he warned that the event would “not be a walk in the park” and urged representatives of all faiths to have respect for each other’s beliefs.He said the forum should also set the stage for regional countries keeping developmental issues such as human resource and poverty alive, saying it also calls “for a love that is patience and a dialogue hubled with respect for each other”.Trinidad and Tobago’s Minister of National Diversification and Social Integration, Dr. Rodger Samuel said the forum is a manifestation of God’s work in showing that people of different races, creed and religion could come together and seek his guidance in their future.He said the Caribbean was the only place in the world where people of different races can live together and are not involved in ethnic cleansing and religious wars.Samuel said that while in the past Caribbean countries have ooked to the churches to see what role they can play in development of society, it was important now for a reversal and governments to understand the will of God.“God is using our region as the tip of the arrow to ensure that this region will set standards so tohers will follow,” he added.The organizers said the conference here on Monday coming ahead of the 24th Inter-Sessional Summit in St. Vincent and the Grenadinesis to reignite the spirit of fellowship among the Community’s religious leaders.They said it is also aimed at developing a framework for a regional consultative process to facilitate appropriate engagement of FBOs in the decision-making process in the Community. The religious and political representatives are also hoping the conference will provide an to discuss the formation of an organisation to tackle hunger and poverty across the CaribbeanBy Peter RichardsCaribbean Media Corporation read more