Two Years Later, Sandy Leaves a High Price to Pay in Ocean City

first_imgA total of $7.5 million has been disbursed to these 105 homeowners to reimburse them for eligible construction costs already incurred and/or to fund remaining construction costs, which include everything from pulling permits and repairing damage to elevating structures and obtaining temporary and final certificates of occupancy.(Source: New Jersey Department of Community Affairs)__________Sign up for OCNJ Daily’s free newsletter and breaking news alerts“Like” us on Facebook Of the 218 eligible homeowners who applied, 176 have been preliminarily approved for funding in RREM. Of these, 105 have signed grant awards with RREM Program, with the state obligating a total of $14.25 million to their rebuilding, elevation and mitigation efforts. Jack Ball’s home is being elevated at 10th Street and the bay. Photo credit: John BallBy Tim Zatzariny Jr.For OCNJ DailyJack Ball bought his house at 10th Street and the bay one week before Superstorm Sandy made landfall just north of Ocean City on Oct. 29, 2012.He and his wife had not even moved in before the storm hit.10th Street and the bay during Superstorm Sandy on Oct. 29, 2012. Photo credit: Sam Lavner“To be honest, I didn’t expect this to still be standing here,” Ball said in a recent interview on his property.Living on the bay in the shadow of the Route 52 causeway provides Ball with a dock for his boat and a serene view of the water. But calling a flood-prone area home isn’t without its lingering problems.Although it suffered only minor roof damage during the storm, Ball’s house didn’t escape Sandy’s lasting impact. Two years after Sandy struck the island, Ball is one of many Ocean City residents still dealing with the storm’s aftermath. They’re now asked to navigate a swirl of grant programs, applications, shifting regulations, surveys and contractors.Ball is raising his 1,800-square-foot, gray-brick veneer home by six feet. The work is being done as the city plans to raise 10th Street near the bay to mitigate flooding. Ball is also raising the portion of the bulkhead that runs along his property to eight feet, to match what the city’s doing with the public portion of the bulkhead.“It has to bee a cooperative effort to hold the water back, or it’s all for nothing,” Ball said.Jack Ball inspects the work at his home, which is being elevated at 10th Street and the bay. Photo credit: Tim Zatzariny Jr.Many homeowners affected by Sandy find themselves in a morass: Raise their homes to meet new elevation standards set by the Federal Emergency Management Administration or see their flood-insurance premiums potentially skyrocket (read more). The standard is known as base flood elevation, and it represents the hypothetical level floodwater could reach during a 100-year storm. A local ordinance requires another two feet to be added to base flood elevation.Neither Ocean City nor the state forces homeowners to elevate their homes unless the building is newly constructed or is substantially reconstructed (with project costs exceeding 50 percent of a structure’s assessed value).Elevating a home is complex and expensive process, even for an experienced builder and real estate agent like Ball. To get the project started, he had to fill out a mountain of paperwork, plus hire an engineer and an attorney to help him navigate the process.“For the normal homeowner, the process is very complicated,” said Ball, 59. I can’t imagine people who don’t know how to do this process getting through it.”In summer 2013, Ball applied for a $30,000 elevation grant through New Jersey’s Reconstruction, Rehabilitation, Elevation and Mitigation (RREM) program http://www.renewjerseystronger.org/rrem/, which provides federal funding to help homeowners repair or rebuild homes affected by Sandy. He didn’t receive approval for the grant until May of this year, and started the elevation project in October. He hopes to be back in the home next month, with the project completed early next year.At least a half dozen other homeowners in Ball’s neighborhood are raising their homes. This is a sign of things to come not just in Ocean City, but also all along the Jersey coast, he said.“I believe that at some point, we’re all going to have to raise these houses, or pay through the nose through flood insurance,” said Ball, who is chairman of the Ocean City Historic Preservation Commission. “If you don’t raise them, they’re going to make flood insurance unaffordable, and you won’t be able to sell the home down the road.Ball estimated he’ll spend $100,000 to elevate his home, but said that price is on the low end. J. Ball General Contractors of Egg Harbor Township, a company owned by Ball’s son, John, is doing the elevation work on the home.“If I had (an outside) contractor doing this, it would be $150,000 to $175,000,” Jack Ball said.Through the RREM program, New Jersey has distributed a total of $7.5 million so far to 105 homeowners in Ocean City for repairing and rebuilding homes affected by Sandy, said Lisa Ryan, a spokeswoman for the state Department of Community Affairs, which oversees the program. The agency does not track the number of elevation grants separately from grants for other types of recovery work, she said.Once the elevation on his home is complete, Ball will see his annual flood-insurance premium drop from $620 per year to about $200 annually. While the savings are negligible, raising his home will allow Ball to add to it something he felt was lacking: a multi-car garage.Elevating a house goes something like this: Workers dig holes around a home’s perimeter, then push steel beams underneath. A hydraulic system using  jacks raises the beams in unison, lifting the house at its floor joists, 12 inches at a time. Then, the workers build “cribs” (wooden structures that look like stacked pallets) around the jacks, adding more blocks with each lift. The cribs provide resistance for the jacks as they raise the house into the air.Jack Ball’s home will eventually be lowered onto its elevated foundation.When he’s done raising his father’s home, John Ball will do the same for a bungalow across the street.“After Sandy, we ran around six days a week doing repair work, and most of it was knee-jerk,” he said. “But people are starting to realize things are going to have to change, or the same things are just going to happen again.”John Ball, 30, saw first-hand the havoc a major storm can wreak in a coastal town. Two Laura’s Fudge Shop locations owned by him and his sister, Katie, in Ocean City were seriously damaged by floodwater during Superstorm Sandy.“Before the storm, everybody took hurricane warnings in stride,” John Ball said. “I think Sandy caught a lot of people off guard.”——OCEAN CITY RECOVERY BY THE NUMBERS To date, 218 eligible Ocean City homeowners have submitted applications for assistance through the RREM Program. (the RREM Program provides grants for rehabbing, reconstructing, elevating and mitigating homes affected by Sandy.)last_img read more

Bayside Family Day Promises Fun in O.C.

first_imgGet ready for a day of fun at Bayside Family Day in Ocean City Saturday. (Photos courtesy Ocean City Regional Chamber of Commerce) By Maddy VitaleIt won’t be hard to find something exciting, entertaining, enticing and most importantly on these hot summer days — refreshing — to do at the first-ever Bayside Family Day on Saturday at the Second Street Marina in Ocean City.From 11:30 a.m. to 4 p.m., families are welcome to enjoy water sports demonstrations, live music, food and activities for all ages.“The first inaugural Bayside Family Day will highlight the business community on the backbays to bring guests and visitors down,” said Michele Gillian, executive director of the Ocean City Regional Chamber of Commerce. “The City of Ocean City, the Ocean City Regional Chamber of Commerce and the Bay business community are thrilled to work together on this new annual event.”The day will be packed with an array of activities, plenty of choices from a host of food vendors and demonstrations, Gillian explained. There will also be live music from the Tidal Wave Band, crafters and more.Families will get to see demonstrations of some of the many fun activities in the backbays.“Kids of all ages, as well as adults, will have lots of opportunities to see some highlights such as parasailing and kayaking, and a host of other demonstrations,” Gillian said.The Ocean City Sailing Foundation and the U.S. Coast Guard will be also be on hand as will police and fire personnel to do demonstrations.The event, designed to highlight all that the bay businesses have to offer, will be one of many annual Bayside Family Day events to come, Gillian noted.Some of the many attractions are as follows:— Daks Kayaks will provide free kayak and stand up paddle board demos all day long in the bay.— Pirate Voyages will be doing special “mini” trips that day. They will offer 30-minute trips at 12:30 p.m., 1 p.m., 1:30 p.m., 3:30 p.m., 4 p.m. and 4:30 p.m. The price will be $12 per person.— Ocean City Fishing Center’s Top Knot boat will be going by the marina at 12:15 p.m., 1:15 p.m. and 4 p.m. to talk about the trips they do.Pirate Voyages will feature “mini trips.”— The event will also feature fishing and crabbing demos on the docks, with rods for kids to use and a knot-tying station and a fish-identifying game along with door prizes.— Ocean City Sailing Foundation will have sailboats on display, talking about the different lessons that they offer for sailing.— The U.S. Coast Guard will be on hand doing educational demonstrations along with the Ocean City Police Department Marine Unit, Ocean City Beach Patrol and the Ocean City Fire Department.— Ocean City’s mascots, Martin & Mollie Mollusk, will be on hand from 12:30 p.m. to 2 p.m. for pictures.— Food vendors and crafters will be selling their wares.— Various back bay merchants will have tables set up providing information and specials on what they offer to customers and the various water activities that they do.— The Tidal Wave band will be performing from 12:30 to 3:30 p.m.— The Ocean City Free Public Library Bookmobile will be on hand.Sponsors include Ocean City Parasail, Pirate Voyages, Jet Drive Exchange, Totally Tubular Water Sports and the Ocean City Regional Chamber of Commerce. Silver Sponsors include Daks Kayaks and Ocean City Fishing Center. Back Bay Committee members gather on the dock to plan the inaugural Bayside Family Day event.last_img read more

News story: Crime news: amended 2017 standard crime contract for prison law

first_imgWe are making available for download updated 2017 Standard Crime Contract documents as a result of recent changes to the scope of prison law.The documents have been updated following consultations with representative bodies.The amended regulations will come into effect on 21 February 2018. Guidance and forms are also being updated.Further informationStandard Crime Contract 2017 – to download amended contractCriminal Legal Aid (Amendment) Regulations 2017last_img

Dean to retire

first_imgBy Larry DendyUniversity of GeorgiaGale A. Buchanan, dean and director of the University of GeorgiaCollege of Agricultural and Environmental Sciences since 1995,will step down at the end of this year and will retire from theuniversity in 2005.His departure will close out a 40-year education, research andadministration career at two land-grant universities. He willstep down as dean and director on Dec. 31 but will remain on thefaculty through spring semester. His retirement is effectiveApril 30, 2005.”Gale Buchanan has served the College of Agricultural andEnvironmental Sciences with vigor, determination and a clearsense of both this state’s proud agricultural heritage and thefuture of agricultural education,” said UGA President Michael F.Adams. “The University of Georgia and the entire state havebenefitted from his leadership. He will be greatly missed.” Came to UGA in 1986Buchanan, an agronomist in weed science, joined UGA in 1986 asassociate director of the Georgia Agricultural ExperimentStations and resident director of the UGA Coastal PlainExperiment Station in Tifton. He was interim director of theexperiment stations for a year before becoming dean.On the Auburn University faculty for 20 years, he was dean anddirector of the Alabama Agricultural Experiment Station from 1980until 1985.Arnett Mace, UGA senior vice president for academic affairs andprovost, said a national search for Buchanan’s successor willbegin soon in order to have a new dean in place by Jan. 1.”Dean Buchanan has provided excellent leadership with greatsensitivity given the diversity of constituents of the college,”Mace said. “He is committed to excellence and works extremelyhard to further the missions of the college. We shall miss hisleadership.”Founded in 1859, the College of Agricultural and EnvironmentalSciences is the second-oldest of UGA’s 14 schools and colleges.The college offers more than 20 areas of study through 11departments and has three agricultural experiment stations, fourextension educational centers and the Rural Development Center inTifton.The Cooperative Extension Service, which has agents in 157 ofGeorgia’s 159 counties and operates the 4-H program, is also partof the college.Led the college through many changesUnder Buchanan’s leadership the college created the Center forUrban Agriculture, Center for Food Safety and Center forAgriculture Business and Economic Development, the Office ofEnvironmental Sciences and the National Environmentally SoundProduction Agriculture Laboratory.Along with the Franklin College of Arts and Sciences and theOffice of the Vice President for Research, the college alsoestablished the Center for Applied Genetic Technologies.Three of UGA’s 13 eminent scholars funded through the GeorgiaResearch Alliance are on the CAES faculty. Their expertiseincludes cloning and genetic engineering, embryonic stem cellresearch and energy balance regulation and growth in plants.A teaching program was started at the college’s Tifton campus.Another is slated for the Griffin campus. Buchanan helped createscience programs for high school students and teachers anddomestic and international internship programs for CAES students,including a congressional internship program that has helpedthree students get permanent jobs in congressional offices.A research farm for Vidalia onions and other vegetables wasstarted, too, as was a facility for irrigation research. Plansare under way for an animal and dairy sciences teaching facility.A modern equine exhibition and research arena was built, andseveral college facilities were expanded or renovated.Buchanan implemented a unified governance structure for thecollege, oversaw development of its first strategic plan andincreased its budget.”I’m exceedingly proud of the many accomplishments that have beenmade,” Buchanan said. “It’s been an honor to provide leadershipfor the college, even during some tough economic times. We have afaculty, staff and administration of exceptional quality in thecollege, and I’m grateful for the support I’ve received from theuniversity administration and from all the client groups weserve.”last_img read more

Vermont Public Radio wins six regional Edward R Murrow awards

first_imgVermont Public Radio has been honored with six regional Edward R. Murrow Awards from the Radio Television Digital News Association. VPR received awards for breaking news coverage, feature reporting, investigative reporting, series, sports coverage, and for the website.The winning coverage includes:Coverage of Captain Richard Phillips, who was taken captive by pirates off the Somali coast, including an interview with Phillips on Vermont Edition (Breaking News).Lynne McCrea’s continuing coverage of a homeless family in Chittenden County and their struggle to put down roots (Feature Reporting).Nina Keck’s coverage of the Vermont National Guard members who said they were denied promotions and permanent positions at the Southern State Correctional Facility in Springfield (Investigative Reporting).Comprehensive coverage of the 400th anniversary of Samuel de Champlain’s exploration of Lake Champlain, including stories from Champlain’s diary, and a live broadcast from the Burlington waterfront (Series).Steve Zind’s report on UVM’s women’s basketball and their fall to UConn in the first round of the NCAA basketball tournament (Sports).VPR.net’s news page, H1N1 flu page, States of Marriage documentary page, Hitting Home economic series page, and the Champlain 400 pages (Website).“VPR is honored to receive these awards,” said Vice President for News and Programming John Van Hoesen. “They reflect VPR’s commitment to broad and in-depth regional news coverage by our entire staff.”In all, 13 awards were made in the small market radio category for the region, which includes all of the New England states. Vermont Public Radio will be honored at a ceremony this spring.Vermont Public Radio President Robin Turnau said: “Our listeners have told us time and again that they appreciate and value VPR’s in-depth news coverage. We have our listeners and supporters to thank for allowing us to provide this service to the public.”The RTDNA has been honoring outstanding achievements in electronic journalism with the Edward R. Murrow Awards since 1971. Murrow Award recipients demonstrate the spirit of excellence that Edward R. Murrow made a standard for the broadcast news profession.Audio and text for VPR’s award-winning coverage are at VPR.net.About VPRListener-supported Vermont Public Radio has served the people of Vermont and the surrounding region since 1977. As Vermont’s only statewide public radio network, VPR is a trusted and independent source for news, music, conversation, NPR programming, and much more. The stations of VPR serve more than 170,000 listeners each week. For more information about VPR and VPR Classical, coverage maps, schedules, and streaming audio, visit www.vpr.net(link is external).Source: VPR. 4.8.2010XXXlast_img read more

The Best Summer Ever at the Springs

first_imgOther spas and healing centers are located on streets surrounding the park lending credence to claims that there are three times as many massage therapists as lawyers in town. All use the famed spring water as they offer menus of facials, massage, steams, scrubs and other bodywork treatment.   George Washington who wrote that “the waters will make a cure of me” would be amazed at what experiences are available three centuries later. For travelers in the metro area, Berkeley Springs’ proximity to the city lets families avoid air travel, and enjoy outdoor activities that allow for social distancing amid lush mountain scenery. Centuries of visitors coming to take the famed healing warm spring waters provide a well-earned aura of health and wellness; all local attractions and businesses are committed to uphold that tradition with appropriate safety precautions. Cacapon has also been ramping up its mountain biking terrain, recently becoming the first destination east of the Mississippi River to receive a Trail Accelerator grant from the International Mountain Biking Association. The park now offers about 20 miles of single-track mountain biking trails, as well as a three-mile course aimed at beginners, but with some technical features for moderate-level riders. Coolfont Resort, located about 10 minutes from Cacapon State Park, reopened in fall 2019 with renovated buildings and new amenities. New suites look out over Coolfont Lake, where Craft’s Adventures offer a slew of new water sports this summer, including kayaking, canoeing, fishing and stand-up paddleboarding. Wooded hiking trails and picnic areas create an altogether serene resort experience. This resort experience at Coolfont also includes a rustic themed restaurant overlooking the lake and a legendary bar keep. Cross the road and discover Berkeley Springs Brewery and Cold Run Valley Winery.  Discover everything you need to know at berkeleysprings.com or call 800-447-8797. Other outdoor activities at Cacapon include a sand beach lake, wobble clay shooting, horseback riding, fishing and an excellent 18-hole golf course.  Classic cabins at Cacapon State Park, newly renovated with Gat Creek furniture. Photo courtesy Travel Berkeley Springs. All of this eating, bathing and playing outside requires more than a quick drive through.  Berkeley Springs encourages visitors to stay for the night or two or longer. There are numerous cabins, cottages and fully equipped vacation homes from which to choose, many handled by Berkeley Springs Cottage Rentals. The historic Country Inn adjacent to the springs has spa and lodging packages, a chef-operated restaurant and live entertainment on weekends. Visitors to Cacapon State Park can enjoy a stay in the recently-renovated historic park cabins outfitted with local Gat Creek furniture and impressive new kitchens. By summer’s-end, Cacapon opens a new 78-room lodge with swimming pool and indoor/outdoor dining area with a fire pit. Set in the ridge and valley section of the Appalachians, Berkeley Springs offers easy access to two rivers and two state parks with ample hiking trails, peaceful lakes and historic springs. Come summer, urban families in need of some fresh air will find more activities available than ever before. Soak up the healing waters in the historic Roman Baths. Photo by Robert Peak One of the best ways to see all that the area has to offer in natural and historic wonders is to drive the 85-mile Washington Heritage Trail through the county. One of the most splendid sights along the trail is Panorama Overlook just three miles west of town. Upstairs in the Roman Bath House is the Museum of the Berkeley Springs open daily in summer and highlighting the geology and extraordinary social history generated by the springs. Local historian and Museum President, Jeanne Mozier says that “throughout its long history, Berkeley Springs has experienced periods of boom and decline. With new places opening and reopening, we’re booming and looking forward to a most memorable summer.” Panorama Overlook Along the Washington Heritage Trail. Photo by Robert Peak. Quilt Show and Sale at Ice House Art Center All Summer Long. Photo courtesy Travel Berkeley Springs Cover photo courtesy Travel Berkeley Springs Historic streets are also lined with distinctive shops and eateries for every taste from gourmet to country. Tasty shops offer everything from cheese and vintage candies to gourmet oils not to mention a dazzling array of art, antiques, a century-old hardware store and even a year ‘round Christmas boutique. This summer the Ice House Gallery is filled with the annual Quilt Show and Sale and a Yard Square Quilt display that spills out into store windows throughout the town. An auction of the yard squares will be held during Labor Day weekend. Riding mountain trails at Cacapon State Park. Photo courtesy Travel Berkeley Springs Craft’s Adventures also offers two-to-four-hour tubing trips down the nearby Cacapon and Potomac Rivers, where guests can spot deer, abundant waterfowl and the occasional shoreline bear. A different view of outdoor fun is pursued in the historic town. Berkeley Springs State Park has the largest public array of thermal spring waters in the Blue Ridge and the springpools and channel are open 24/7 for toe dabbling and child-scale paddling. There is also a more traditional public swimming pool. Most unique are the spa attractions. Tubs in the 200-year-old Roman Bath House have been newly updated to meet accessibility standards, and historically-accurate white octagonal tile has been installed. The water in all tubs is heated to between 102 and 104 degrees. It’s easy to feel the water exert its healing powers in these tubs. Cacapon State Park is a 6,000-acre haven located about 20 minutes from town, with a variety of options for outdoor adventure. Visitors can walk or hike along 23 miles of mountain trails, ranging from easygoing Piney Ridge to the more strenuous Ziler Loop. Berkeley Springs has been a choice summer destination since George Washington started visiting in the 18th century. But this summer in particular, the area is gearing up for the season with new outdoor adventures, from paddleboarding to mountain biking, as well as new lodging. Several new restaurants and a new brewery join longtime favorites.last_img read more

What is the promise of big data?

first_img 36SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Jay Kassing Jay Kassing is President of MARQUIS, a Texas based provider of marketing analytics solutions including MCIF/CRM software, MCIF services, profitability, compliance, consulting and direct mail creative/fulfillment. Jay has … Web: www.gomarquis.com Details Big Data and Data Analytics promise one primary thing for Marketing and Sales: Completely Automated, Predictable, Marketing and Sales Action.Let’s not get confused. Big Data is not about a lot of different things to different people. Not in banking. Sure, many of the different groups in banking can benefit from information that is generated from Big Data and Data Analytics. In fact, being able to visualize data in simple, straightforward ways via business intelligence (BI) tools is cool and needed. But few executives at financial institutions will sustain a continued interest in seeing the same old charts and graphs, even when updated for them.The primary Benefit of Big Data and Data Analytics is realized in Marketing and Sales.Neither the sales team, nor the marketing staff, has time to collect, analyze, interpret, or determine best strategies for information derived from Big Data and Data Analytics. No time equals zero results. And, candidly, few financial institutions are fortunate enough to have a skilled analyst on the team who can find the actionable gold in all of the data, let alone one who also knows how best to act upon and harvest that gold. And all of this automation must enable your institution to reach an audience of one. Yes, just one.The best way to imagine this benefit is to think of Amazon. If you’ve ever searched for something, anything on Amazon, you cannot help but notice that they will recommend something else to you, based on your predictable behavior.What if this same process was automated for your marketing and sales efforts, with and for your clients? What if the data collection was done for you, every day, automatically? What if the analysis was also done for you so that predictable opportunities for loan and deposit growth, retention, cross-sales, onboarding, etc., were all automatically tabulated and scored? Then, what if each essential and predictable sales and marketing opportunity was acted upon automatically, every day, for you? Big Data and Data Analytics should deliver on this primary benefit for you seamlessly, from data collection through direct mail/email fulfillment. Automatically. Every Day.“Completely Automated, Predictable, Marketing and Sales Action” is the primary benefit of Big Data and Data Analytics. This unique ability is how your financial institution will monetize the investment for Big Data and Data Analytics. This is where the results will be both obvious and provable. Automated, predictable marketing action turns into clearly identifiable revenue and profit – and better client engagement.In a world where more is expected of everyone in sales and marketing, the prize in Big Data is the power of automation and the power to leverage data and predictable behavior. Shouldn’t your sales and marketing departments be doing this too?We can all agree that the information derived from Big Data and Data Analytics is really cool. That said, Marketing and Sales are the clear beneficiaries, especially when they enjoy the primary benefit of Completely Automated, Predictable, Marketing and Sales Action.This is the promise of Big Data and Data Analytics.last_img read more

PLSA delivers guide to ‘new discipline’ of implementation disclosures

first_imgThe Pensions and Lifetime Savings Association (PLSA) has produced a guide to new investment disclosure duties for UK pension schemes, encouraging them to produce meaningful disclosures rather than just focussing on compliance.Under new rules coming into force in October, defined benefit (DB) and defined contribution (DC) schemes face new requirements to publicly disclose, in an “implementation statement”, their investment and responsible investment activity over the previous year.The requirement is for these statements to set out how and to what extent their activity followed the intent captured in the scheme’s statement of investment principles (SIP), which since a year ago must address trustees’ policies on financially material environmental, social and governance (ESG) factors.Caroline Escott, outgoing senior policy lead on investment and stewardship at the PLSA, said the implementation statements were “a very new discipline for trustees”, and “will require them to carefully consider which investment decisions and activities have or will have the greatest impact on their investment objectives”. The requirements differ for DC/hybrid and DB-only schemes, although common to both is a requirement to disclose their voting and engagement behaviour. Sarah Wilson, founder and CEO of proxy voting agency Minerva, said this was “a once in a generation shift in legal responsibilities” for trustees.The PLSA’s guide sets out general principles as well as more detailed considerations for trustees to produce “relevant, succinct and meaningful statements”, with the association noting that “policymakers, the public and scheme members will be paying close attention” to the content of the implementation statements.Be clear on vote ‘ownership’On voting disclosures, the PLSA advises trustees to be clear about who “owns” the vote in their particular investment arrangements and along their voting chain.It said it recognised that schemes with investments in pooled funds would have a different scope for influence compared with those with segregated mandates, but that it believed the former could still “exert their influence and seek to challenge their managers on their (engagement) and voting activity”.The PLSA also said the avenues pension plans had for influencing investment, and particularly voting, decisions undertaken on their behalf would continue to change.Trustees should keep an eye out on developments in the Law Commission’s work on intermediated securities, the HM Treasury’s asset management taskforce work on stewardship, and the EU sustainable finance initiative, among other areas, the association said.“This guide aims to cut through some of the confusion around implementation statements”Laura Myers, chair of the voting and implementation statement working groupThe PSLA’s guide is the product of a new cross-industry working group and a stakeholder group comprised of representatives from government, regulators and industry organisations.“This guide aims to cut through some of the confusion around implementation statements and give practical steps on how to collate this information and communicate it to stakeholders,” wrote Laura Myers, chair of the working group and a member of the PLSA policy board, in the introduction to the guide.“We believe that the principles underpinning the implementation statements will help focus schemes on their long-term investment goals. Getting these disclosures right will help schemes become more sustainable, improve stakeholder relations and ultimately make better investment decisions that have the interests of members and savers at their heart.”The cross-industry group is also working on a voting template for asset managers to fill in, and the PLSA is encouraging trustees to use this. IPE understands the template and guidance are being finalised and will be launched within the next few weeks.The PLSA’s guide to the implementation statements can be found here.Looking for IPE’s latest magazine? Read the digital edition here.last_img read more

Chess Olympiad gold may make govt look at players positively: V. Anand

first_imgCHENNAI: Former world chess champion V. Anand on Monday said India winning the gold in the FIDE Online Olympiad will have a positive impact on the way the central government looks at the game and the players.He also categorically said the Indian team was ready even for a replay of the second match against Russia in the FIDE Online Olympiad. The Indian team had an interaction with the media online. Speaking to reporters, Anand said the last few years saw a change in the attitude of Ministry of Sports towards the chess players as they didn’t get any awards (Arjuna or Dronacharya) for doing well in international competitions. He said absence of awards may be due to various issues and also the All India Chess Federation (AICF) had some difficulties. Anand said the situation could be changed or reset not by writing long letters to the editor but by having good results like this – winning the Online Olympiad medal. Referring to the Olympiad gold medal win Anand said this may have a positive impact and the government will look at chess positively. On Sunday, the Indian team was congratulated by Prime Minister Narendra Modi, Sports Minister Kiren Rijiju, Finance Minister Nirmala Sitharaman, Congress leader Rahul Gandhi and others. According to K. Humpy, the Olympiad victory will prompt may youngsters to take to chess. India and Russia were declared as joint Olympiad gold winners on Sunday by FIDE President Arkady Dvorkovich after two Indians – Nihal Sarin and Divya Deshmukh – were disconnected from the www.chess.com server due to internet outage. “We did nothing wrong. We were ready for anything. We were ready to play two games or even six games. FIDE looked at the big picture,” Anand said. According to FIDE the match would have gone for tie-break based on the board positions of Nihal versus Andrey Esipenko and Deshmukh versus Polina Shuvalovaat the time of internet outage, but that did not happen due to internet disconnection. As for the mixed team format – two men and women players, one junior girl and boy – Anand said he was happy with it so that India can show its strength. He said the whole team chipped in for the victory. The crucial match was against China and the tie-break game against Poland. Anand said the Olympiad gold will be a special gold in his cabinet. IANSAlso Watch: Power Lines or Death Traps?last_img read more