UK schemes face planning delay as PPF postpones insolvency score model

first_imgThe UK Pension Protection Fund (PPF) has confirmed a delay in publishing the model for insolvency scores in levy calculations after development with the new provider overran.In an update from its December 2013 statement to levy payers, the lifeboat fund said it was making steady progress with score provider Experian on the new model.However, chief executive of the PPF Alan Rubenstein said development work to create a bespoke model with Experian had taken longer than anticipated.As a result, levy payers will be unable to see their new scores in early 2014 as originally planned. “We are making steady progress with Experian but want to make sure any new model we consult on is robust and fit-for-purpose,” Rubenstein said.Experian will take over the provision of insolvency scores for the 2015-16 levy period after the PPF announced its decision to end its eight-year relationship with current provider Dun and Bradstreet (D&B).Joanne Shepard, senior consultant at Towers Watson, called the delay from the PPF frustrating, as schemes are trying to prepare for the years ahead.“This [model] change has already tied in with the second levy triennium for the framework, where the PPF might change some of the factors used to calculate the levy,” she said.“There are now a lot of reasons why we cannot estimate the 2015-16 levy for clients, which is frustrating and impacts on companies’ planning.“We do not know what the Experian scores will look like compared with D&B’s and will not now have any indication in February as expected. We will just have to wait longer to provide clients with any indication of what the impact will be.”Barnett Waddingham partner Nick Griggs conceded the delay was not ideal, but he said that, given D&B’s failures as a score provider, it was important for the PPF to find a new model.“It is more important that the new rating system be fit for purpose,” he said. “The PPF appears to be aware of levy payers’ concerns, and it is encouraging it has indicated that extra flexibility will be offered during the transition period.”This delay from the lifeboat fund added to an announcement in December from D&B that it would be altering its score-calculation methodology for the 2014-15 levy.Shepard said it was still difficult to know the impact.“Most companies will have already put a budget together for the 2014-15 levy, so the change is a bit too late,” she said. “If there is now a significant move, it could force a band movement, with a significant impact on the levy, which could reach up to 50%.”last_img read more

Don Stewart II, Wellington: Jan. 9, 1967 – Feb. 27, 2013

first_imgFrank Funeral Home has been entrusted with the arrangements. Don is preceded in death by his father, Donald R. Stewart; son, Austin Stewart; grandparents, C. W. and Marjory Stewart and Burton and Dixie Zech. Don StewartDonald Ray Stewart II departed this world on February 27, 2013 at 11:43 p.m. at Sumner Regional Medical Center releasing him from a year of pain and suffering as a result of  his auto accident a year ago March 1st.He came into this world feet first and ready to run on January 9, 1967 in Dallas, TX to Donald R. and Ann (Zech) Stewart.  He stayed in Dallas until his mother, brother, and sister moved to Houston.  He married Janice Wick and five children were born to this marriage.  Don moved his family to Wellington, KS in 2004 to be close to his family.  He was a “repo man,” electrician assistant, apartment manager, and maintenance man to name a few.His favorite pastime was doing things with his children, especially being “king of the grill” at home, camping, or anywhere there was a grill.  Don loved the water and took the children boating all summer. Four-wheeling and sledding were their favorite winter activities.  Paint balling was a year around favorite with Ryan. He is survived by his children, Desiree Stewart of Texas, Ryan Stewart of Oxford, KS, and Taylor, Chelsea, and Conner Stewart of Peck, KS; mother, Ann Barnes of Wellington, KS; brother, Christopher Stewart of Wellington, KS; sister, Melissa Ybarra and Brice Marshall of Wellington, KS; uncles and families, Richard (Kathy) Zech of Wellington, KS, Jerry (Sue) Stewart of Dallas, TX and Jim (Joann) Stewart of Allen, TX; great aunt, Mini Thomas of Topeka, KS; cousins, Gretchen Zech-Donaldson of Wichita, KS, Spencer Zech of Idado; nephews, Tyler Ybarra of Lansing, MI and Taylan Ybarra of Hutchinson, KS and Wade Stewart of Wellington, KS; and niece, Jourdan Stewart of San Marcos, TX. Funeral Services will be held on Tuesday, March 5, 2013 at 1:00 P.M. at the First Free Will Baptist Church.  Pastor Zane Brooks will officiate. Memorials have been established with the Wellington Humane Society and MADD (Mothers Against Drunk Drivers).  Contributions can be left at the funeral home. To leave condolences or sign our guest book, please visit our website at www.frankfuneralhome.netlast_img read more

PV Sindhu the lone Indian representation in the BWF World Tour Finals 2019

first_imgAdvertisement 7otdNBA Finals | Brooklyn Vs5oWingsuit rodeo📽Sindre Egsd( IG: @_aubreyfisher @imraino ) 4xgWould you ever consider trying this?😱a9kehrjCan your students do this? 🌚2Roller skating! Powered by Firework PV Sindhu is the only Indian badminton player who has qualified for BWF World Tour Finals in 2019. It was not a great year for Indian shutters. Even Sindhu was not able to finish within the qualifying spots in this year. To qualify for BWF World Tour Finals, the shuttlers need to finish within 8th position. However, Sindhu was at the 15th position after the end of this year.Advertisement Since, PV Sindhu won the Badminton World Championship this year, she got the direct qualification in BWF World Tour Finals. Neither Saina Nehwal nor Kidambi Srikanth was able to grab a spot in this competition. BWF World Tour Finals is going to take place at Guangzhou from 11th December to 16th December.Advertisement PV Sindhu is not in great form at this moment. Her performance in the recent few tournaments are shocking. So, it will be better not to expect much from her in this competition where the best players of the World are only able to take part. However, we all know that ‘Form is Temporarily but Class Is Permanent’. So, in BWF World Tour Finals PV Sindhu will be hoping to replicate her performance in the World Championship few months back.Actor R Madhavan’s son makes India proud on grand stageAdvertisement Advertisementlast_img read more