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Offices Opportunities in refurbishment

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UK unlikely to see ‘large-scale’ changes to pensions law post-Brexit

first_imgSegars added that some areas may need to see UK pensions law “disentangled” from EU directives and regulation.If the UK were to break ties with the EU completely and forego an agreement to join the European Economic Area, it would likely enable it to sidestep the eventual transposition of the revised IORP Directive, of which IPE has seen the final draft, due to be published Monday (27 June).Matthew Swynnerton, a pensions partner at law firm DLA Piper, stressed that a vote to leave the EU would not have an “immediate impact”.He said: “Whilst significant areas of UK pensions legislation originate from the EU – such as scheme-specific funding requirements for defined benefit schemes and non-discrimination – because these provisions have been implemented into national law, they remain intact despite the outcome of the referendum.”Scheme-specific funding requirements were introduced in the Pensions Act 2004, which established he Pensions Regulator (TPR) and the Pension Protection Fund and transposed into UK law the first IORP Directive of 2003.Swynnerton said that, while future reform was possible, he believed “large-scale” reform were unlikely, as much of the legislation was meant to protect members.A second law firm, Pinsent Masons, urged UK trustees to focus on the immediate impact of the referendum in the shape of market changes rather than the longer-term potential for regulatory change.Alastair Meeks, pensions partner at the law firm, said: “As far as legislative and regulatory change is concerned, trustees need only adopt a watching brief until government policy becomes clear.“The government would need time to decide what elements of EU law are worth retaining, and what can be overhauled.”The point was reiterated by a TPR spokesman, who said: “Any future change to UK pensions legislation as a result of the referendum would be a matter for government.”Meeks added: “Trustees shouldn’t mistake the interesting for the urgent.”For her part, Segars pledged that the PLSA would continue to ensure the voice of pension funds was heard in the “uncertain times ahead”.“It is essential that the UK government and policymakers in Brussels now act swiftly and decisively to manage current volatility and announce a clear plan to renegotiate our future relationship with the EU,” she said.Jean-Claude Juncker, president of the European Commission, said in a statement that he expected the UK government to act on the referendum’s result swiftly.“We now expect the UK government to give effect to this decision of the British people as soon as possible, however painful that process may be,” he said.“Any delay would unnecessarily prolong uncertainty.” The UK is unlikely to undertake a large-scale repeal of pensions law emanating from the EU in the wake of the nation’s historic vote to leave the Union, lawyers and the country’s pension association have predicted.Responding to Thursday’s referendum, which saw 52% of the electorate back a departure from the EU, the Pensions and Lifetime Savings Association’s chief executive, Joanne Segars, said the ramifications would become clear in the coming weeks and months.Segars, a former chair of PensionsEurope, said: “Much will depend on the precise nature of our future relationship with the EU, which may mean some aspects of UK pension provision continue to be influenced by the EU.”The Dutch Pensions Federation has lamented the UK’s departure from the union, telling IPE it would “lose an ally on pensions matters”.last_img read more

Dutch property investors fear tax backlash from coalition agreement

first_imgDutch property could become less attractive to investors with the country’s new coalition government seemingly taking aim at the tax regime for direct investments, Dutch financial daily FD reports.One sentence in the coalition accord reads: “In connection with the abolishment of the dividend tax, direct real estate investments by investment organisations will no longer be permitted.”Experts quoted by FD warned that direct investors must cease investing, or transform themselves into a corporate-tax-paying company.Until now, property investment organisations have been exempt from paying corporate tax if they paid the full profit to their investors. The same institutions pay 15% dividend tax, although this can be reclaimed by pension funds.However, listed investment organisations such as Vesteda and Amvest, which predominantly invest in Dutch direct property on behalf of pension funds and insurers, are to pay 21% corporate tax as of 2020, the newspaper said.“I was flabbergasted when I read it,” Frank van Blokland, director of sector organisation IVBN, said. “This came totally unexpected and is very ill-considered.”He warned that Dutch pension funds would prefer investing abroad, something that would be at odds with the outgoing Cabinet having urged institutional investors to ramp up their local investments.“The political parties wanted to relieve corporate tax pressure on the one hand, but came up with something that disproportionally hits the sector on the other hand,” said Dirk Jan Lucas of NSI, which invests exclusively in Dutch property. “They can’t have meant this.”“I can’t imagine that the new government wants property to return less,” echoed Hans Janssen Daalen, director of Dufas, the Dutch Funding and Asset Management Association.Richard Beentjes, director of legal matters at Wereldhave, told FD that such a measure would “disadvantage the property investment climate in the Netherlands”.The coalition partners declined to comment to the newspaper.Property sector breaks new recordSeparately, a report has indicated the strength of demand for property in the Netherlands.JLL, a financial services provider for the property sector, said the Dutch real estate market was on its way to a record volume of investments this year.It noted that over the first three quarters, €14.8bn had been invested in direct commercial real estate – a 15% rise compared to the same period last year. The volume for the full year could exceed €20bn, JLL added, as there was still at least €4.5bn of transactions in the pipeline.JLL said the retail market was slightly behind in this trend, but forecasted that retail would also perform strongly this year, because some large portfolios were still in the process of being sold.Dré van Leeuwen, JLL’s head of capital markets, said the demand for Dutch property was “extraordinary” and exceeded real estate on offer.“For most buildings and portfolios we have sold recently, there was €5 available on average for every investable euro,” he added.Van Leeuwen observed that the continuing large demand had led to ever-decreasing initial returns, but added that Dutch real estate “still offered an attractive premium relative to [cities] like London, Paris, Berlin and Frankfurt”.last_img read more

Australia’s new luxury wishlist item

first_imgNo expense was spared in this stunning home.The four bedroom, four bathroom home sits on a 465 sq, block that is jam-packed with luxury features including a custom master suite that includes the special make-up station. What a view to see the evening out with. Only Australian capital where home values are rising Top 10 suburbs for upgraders The home that $5.6m can’t buy “Arguably the most architectural and well-constructed home in the area, if not Brisbane,” was how it was listed on realestate.com.au, with the home even having a wall feature made entirely of onyx. A tantalising glimpse of the future.A Kone custom elevator was installed for all four level, and the property has multiple living areas with the downstairs rumpus going to the gym and the 2,000 bottle cellar. FOLLOW SOPHIE FOSTER ON FACEBOOK Breathtaking use of wall space.Designed by Dan Sparks, the house was described as “an architectural masterpiece” by agent Henry Hodge of McGrath Estate Agents New Farm, who said it was of a “highly engineered commercial construction”. The dream home is in Brisbane’s most exclusive suburb, Teneriffe.IN a world where wishlists are as long as most arms, this may well be 2018’s must-have item for luxury homes and this Aussie dream home is setting the trend.A makeup station where all your lipsticks, powders, brushes and other items can permanently have a home is surely going to set the building world askew, because if your home doesn’t have one, well, quite frankly, why not? The home at 247 Kent Street, Teneriffe, is spread across four levels. More from newsParks and wildlife the new lust-haves post coronavirus17 hours agoNoosa’s best beachfront penthouse is about to hit the market17 hours ago When your builder has makeup station to pop all your powders, brushes, creams, lipsticks and gadgets at the top of the priority list you know you are loved.The home has intercom, automated surveillance, blinds, C-Bus and a commercial airconditioning system, Miele and Liebherr appliances, Zipp Hydro, and reticulated hot water, with the 13m infinity edge pool solar-heated with a special kids splash zone. This dream inner-city home in the Queensland capital’s most prestige suburb, Teneriffe, has not just ticked that off the wishlist, but it’s also got a 2000-bottle wine cellar, a full gym, a kids splash zone beside the infinity pool and a special elevator to get to all four levels of the house without breaking a sweat.That’s pretty hard to beat for someone at the top of their game, with no expense having been spared to the property off the ground in Queensland’s most exclusive suburb, Teneriffe.last_img read more

Low rates, strong rental yields boosting investor confidence in Qld

first_img Brisbane rents rising faster than other mainland capitals CoreLogic’s head of research Tim Lawless said the slump in investor activity was the result of several factors, predominantly policies that limited investment credit growth and capped interest only lending combined with the housing slowdown.“More recently, housing market conditions have turned a corner, with values rising across five of the eight capital cities over the September quarter and three of the broad ‘rest of state’ region,” Mr Lawless said, noting those improved capital gains prospects plus the loosening of credit policies were likely bringing investors back. CoreLogic head of research Tim Lawless.Every state and territory has seen a lift in the value of investment loans, with the largest rise over the three months to the end of August in Victoria and Queensland, where the value of investment home loan commitments was up 19.1 per cent, according to the report.Tasmania and the ACT were the only other states or territories that recorded a double digit rise in the value of loans taken out by investors during the past three months, with 14.1 per cent and 12.8 per cent respectively. Listed for sale, this six bedroom house at 17 Edmondstone St in Newmarket is set up for dual living, and is being pitched as a dream rental for an investor or a smart purchase for a buyer who is open to renting out half the property to pay off the mortgageBut investment activity continues to be most concentrated in NSW, where investors comprise 31.2 per cent of the investor demand for mortgages. That state saw a 6.8 per cent rise in the value of investor loans.In Queensland, investors comprise 19.6 per cent of the market, according to CoreLogic.More from newsParks and wildlife the new lust-haves post coronavirus11 hours agoNoosa’s best beachfront penthouse is about to hit the market11 hours ago“Looking forward there is a strong likelihood that investor activity will increase further,” Mr Lawless said.“The long term average shows investors are typically around one third of mortgage demand,implying investors are currently under represented in the market.“As investment activity rises we could see increased price pressures as this sector of the market tends to be more competitive in setting new price benchmarks.”But the upswing in investor activity could lead to fewer first home buyers due to competition in the market, according to the report.And that competition can already be seen in the Brisbane market, with agents actively pitching properties to budget conscious first home buyers and ‘savvy investors’ at the same time, often noting rental yields and occupancy rates as selling points. On the market for offers over $449,000, this house at 10 Tedman St, Zillmere, is being marketed to first home buyers, young families or the ‘savvy investor’ due to its proximity to public transport and amenities Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:29Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:29 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p360p360p270p270pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenWays to get into the property market for less00:29Rising home values, record-low interest rates and strong rental yields are tempting investors back in to the market, with Queensland shaping up as one of the hottest destinations for those with cash to splash.New figures show that the value of home loans taken out by investors has risen 11.6 per cent nationally over the past three months, marking the fastest growth in the value of investment loan commitments since November 2016.“The rise in investment activity comes after a period of relative inactivity, with investor participation falling from 43 per cent of market activity in mid 2015 to a recent record low of 25.8 per cent in July this year,” the latest CoreLogic Property Pulse reports. MORE NEWS: Buyers missing out despite lowest rates in historycenter_img Why buyer demand is creating a sellers marketlast_img read more

Venezuela’s Chavez to welcome Iranian president

first_img Sharing is caring! Share Share Tweet NewsRegional Venezuela’s Chavez to welcome Iranian president by: – January 9, 2012center_img 35 Views   no discussions Share President Chavez and Iranian President Mahmoud Ahmadinejad embracng each other. Photo credit: telegraph.co.ukCARACAS, Venezuela — Iranian President Mahmoud Ahmadinejad was due to arrive in Venezuela on Sunday at the start of a Caribbean tour to shore up support from the region’s leftist leaders, as new Western sanctions aim to isolate Iran and target its oil exports.As he prepared to welcome Ahmadinejad on Sunday, Venezuelan President Hugo Chavez dismissed a US warning to avoid close ties with Iran.Washington has said that Ahmadinejad’s planned tour of Venezuela, Cuba, Nicaragua and Ecuador showed Iran was “desperate” for friends.“We are making absolutely clear to countries around the world that now is not the time to be deepening ties, not security ties, not economic ties, with Iran,” a US State Department spokesperson said on Friday.“A spokesman or spokeswoman in Washington from the State Department or the White House said it was not convenient for any country to get close to Iran. Well, the truth is, it made you laugh,” Chavez responded on national television.“We are free. The people of Latin America will never again kneel, dominated by the Imperial Yankee. Never again,” he said.The increasingly warm relations between Iran and Venezuela are a growing source of concern for the United States.Ahmadinejad will also visit Nicaragua to attend the swearing-in ceremony for Daniel Ortega, following which he will visit Cuba and Ecuador.By Caribbean News Now contributorlast_img read more

Man Utd reveal coronavirus plans for Ighalo, others

first_img Promoted ContentMagnetic Floating Bed: All That Luxury For Mere $1.6 Mil?What Happens To Your Brain When You Play Too Much Video Games?Birds Enjoy Living In A Gallery Space Created For Them8 Weird Facts About Coffee That Will Surprise YouThe Highest Paid Football Players In The WorldCouples Who Celebrated Their Union In A Unique, Unforgettable WayWho’s The Best Car Manufacturer Of All Time?7 Universities In The World With The Highest Market ValueTop 10 Most Romantic Nations In The World5 Of The World’s Most Unique Theme Parks2020 Tattoo Trends: Here’s What You’ll See This YearWho Is The Most Powerful Woman On Earth? Manchester United have directed  Odion Ighalo and his Red Devils teammates to train as normal at the club’s Carrington complex.Advertisement But a host of staff members are being told to stay at home. Boss Ole Gunnar Solskjaer is determined to stick to his usual routine with his squad, despite facing up to the prospect of having no matches for several weeks or even months.United have told a lot of employees to remain at home and are operating with just a skeletal number of staff at Carrington to reduce the risk of contracting the virus.Meanwhile, midfielder Paul Pogba has set up a fundraising page to help those affected by the outbreak of coronavirus.The French World Cup winner has pledged financial support to UNICEF to help children affected by coronavirus.Pogba, who turned 27 on Sunday, set up the birthday fundraiser to “help fight this war against Covid-19”.The midfielder has vowed to double the fund total if his goal of £27,000 is reached and he said: “The impact of a large-scale outbreak, especially on poor and vulnerable children, can be immense.The Red Devils are out of action until early April as fixtures were postponed to prevent COVID-19 spreadRead Also: Pogba makes coronavirus fund-raising pledge“It’s my birthday and I’m always grateful that me, my family and friends are healthy. Nonetheless, not everybody is in good health right now. At times like this we need to come together.”United are reportedly set to trigger a one-year extension in the Frenchman’s contract.This could bring an end to speculation of Pogba’s exit, with moves to Real Madrid and Barcelona rumoured.FacebookTwitterWhatsAppEmail分享 Loading… last_img read more

State Police Advise Of Impending Arctic Blast

first_imgFor the last few days the National Weather Service has forecast the impeding arctic blast targeting Southeastern Indiana.Indiana State Police are in preparation for whatever mother nature has in store. Extra manpower will available as needed to patrol the major roadways to ensure stranded motorists will receive assistance as soon as possible and to respond to other weather related incidents.Citizens can keep up-to-date with the latest developments by monitoring the Indiana State Police on Facebook, Twitter, and Nixle.State Police have also created a new web page specifically dedicated to the upcoming winter storm and the page will be updated beginning tomorrow and running through Monday or later as needed.Visit the website at here.Citizens are encouraged to avoid unnecessary travel during the winter storm and bitter cold temperatures. Due to the severe nature of this storm, depending upon conditions in various parts of the state, vehicles left abandoned along the roadways, especially along the interstates, may be towed immediately.Citizens are also urged to avoid calling state, county, and local law enforcement dispatch centers for updates on road and weather conditions. To receive the latest road and weather information tune into Country 103.9 WRBI, WRBI Facebook, or the station’s twitter.The Indiana Department of Homeland Security advices citizens to have a plan.Hoosiers can take the time now to develop a plan for a potential power outage. The Indiana Utility Regulatory Commission (IURC) recommends citizens look up their electric utility’s outage reporting phone number and add it to their cell phone contact list.The Indiana Department of Homeland Security (IDHS) recommends every household have an emergency preparedness kit. Essential supplies to gather ahead of time in case utilities are disrupted:• Food and water for three days (includes three gallons of water per person, per day)• Battery operated or hand crank all hazards radio• Flashlight• Extra batteries for radio and flashlight• Extra clothing, warm blankets, sleeping bags for staying warm in your home if you lose power• Special items (baby formula, insulin, medications)Families should also take the time to check with neighbors and see if there’s anything they can do for each other before, during or after the storm.With the potential for additional snow, Hoosiers should carefully consider if travel is necessary. The Indiana Department of Transportation (INDOT) will continue to monitor forecasts for the storm beginning Saturday night and deploy the needed personnel, equipment and materials ahead of any predicted accumulation. Motorists are encouraged to avoid travel during and after the storm as high winds are expected to reduce visibility for drivers.Temperatures well below freezing are expected to follow the storm, reducing the effectiveness of road salt in melting the snow and ice. INDOT will be treating the salt with specialty chemicals.Visit our travel advisory page here.Authorities encourage drivers to delay a trip if possible, but if travel is necessary, let someone know your route, expected time of arrival, and how to reach you. Charge your cell phone before leaving. Pack essential items such as high protein snacks, water, first aid kit, flashlight, warm blankets, extra prescription medications and important documents or information you might need during an emergency.If you become stranded, do not leave the car unless there is shelter nearby. Call for help. If you don’t have a cell phone, tie a brightly colored cloth to the antenna for rescuers to see. Run the engine for 10 minutes every hour to stay warm and keep the exhaust pipe free of blockage to prevent carbon monoxide poisoning.Extreme ColdSubzero temperatures and strong winds will create a potentially dangerous situation Sunday through Tuesday. Wind chills could reach -30 degrees or lower. Hoosiers should limit their exposure by staying indoors. If you must go outside, make it as brief as possible. Wear several layers of loose-fitting clothing, and cover any exposed skin with a hat, scarf, and gloves.TheBoard of Animal Health (BOAH) reminds pet owners to be especially sensitive to their animals’ limits when outside. Most pets cannot tolerate more than 20 minutes outside when the temperature drops below zero. Be sure to provide a sheltered place for outdoor pets and make sure they have fresh water. Use a heater for water or change the supply frequently.last_img read more

January 9, 2018 Police Blotter

first_imgJanuary 9, 2018 Police Blotter010918 Batesville Police Blotter010918 Decatur County EMS Report010918 Decatur County Fire Report010918 Decatur County Jail Report010918 Decaut County Law Reportlast_img

Kenneth W. Lucas Sr., 71, Blooming Grove

first_imgKenneth Wayne Lucas Sr., age 71, of Blooming Grove, Indiana died early Monday, November 5, 2018 at his residence in Blooming Grove.Born July 26, 1947 in Batesville, Indiana he was the son of the late Charles & Lillian (Cornett) Lucas. On September 25, 1970 he was united in marriage to the former Teresa Buckler, and she survives.In addition to Teresa, his wife of over 48 years, survivors include two sons, Kenneth W. Lucas Jr., of Brookville, Indiana and Billy (Chrystal) Lucas of Batesville, Indiana; two grandchildren, Logan & Parker; sisters; Linda (Jerry) Thackery of College Corner; Sharon (Mike) Boone of Indianapolis; brothers, Danny (Floydine) Lucas, and David Lucas of Brookville, Indiana, Keith (Diane) Lucas of Indianapolis, Indiana; his step-mother, Betty Lucas of Brookville; brothers-in-law, Tim (Aletha) Buckler and Marvin (Pam) Buckler all of Brookville, Indiana, Jeff Buckler of Connersville, Indiana; sisters-in-law, Becky (Dallas) Branstetter of Metamora, Indiana, Rosetta Adams of Brookville, Indiana Virginia (Ed) Buckler of Everton, Indiana as well as several nieces & nephews.He was preceded in death by his parents, Charles & Lillian Lucas, his grandparents who raised him, William & Annie Lucas; as well as two brothers-in-law, Greg Buckler and Billy Scott Adams.In keeping with his wishes there will be no public visitation or services. Family & close friends are invited to a gathering at the family home on Sunday, November 11, 2018 at 1:00 P.M..Memorial contributions may be directed to the Blooming Grove Volunteer Fire Department or the Franklin County Humane Society. Phillips & Meyers Funeral Home is honored to serve the Lucas family to sign the online guest book or send a personal condolence to the family please visit www.phillipsandmeyers.com .last_img read more