Press release: Strategic Review of Charges Consultation Launched

The Environment Agency is launching a public consultation today (Thursday 30th November) on the cost of its permits and business charges. Regulating business costs the taxpayer money, but under proposals laid out in the Strategic Review of Charges, the burden on the public purse would be significantly reduced. The proposed changes will mean that businesses pay for the full services they use rather than the public – a more financially-sustainable model that will lead to long-term environmental improvements.

This the biggest review of charges that the Environment Agency has ever carried out, and has involved a 12 month period of engagement with businesses and trade associations. There have been very limited changes to business charges since 2011, with costs kept below inflation (CPI).

The proposals are for a simpler and more consistent charging arrangement. Our charges will reflect the amount of regulatory effort needed at a site. Businesses that are well-managed and low-hazard present a low environmental risk and would be charged less. Higher-risk or poor-performing businesses would be charged more.

If the new charges are implemented, the Environment Agency will also be able to invest more in our permitting service. This is vital to improve the standards of certain sectors, such as waste and nuclear industries.

Neil Davies, Environment Agency Director of Regulated Services, said:

Our work to regulate industry protects and enhances the environment. The proposed changes will mean that businesses pay for the full services they use rather than the public. This is more financially-sustainable, will lead to a better service to businesses and long-term improvements to the environment.

We have been engaging with trade associations over the last year while we were developing these proposals. Their input into this process has been really valuable and I urge them to take part in the consultation.

The consultation will run until 12 January 2018, with the proposed charges being introduced in April 2018 – the start of the financial year. To have your say: click here.

Link: Press release: Strategic Review of Charges Consultation Launched
Source: Environment Agency

Press release: Master trust pension schemes consultation

An ‘authorisation and supervision regime’ will ensure that tough new powers are in place to protect the 7 million members of master trust schemes, who have a combined £10 billion worth of assets invested. The changes will provide them with equivalent protection to members in other types of pension schemes.

Master trust schemes will be assessed against 5 key tests:

  • persons involved in the master trust scheme are fit and proper
  • that the scheme is financially sustainable
  • that each scheme funder meets specific requirements in order to provide assurance about their financial situation (including through presenting a business strategy and full, audited accounts)
  • the administrative and governance systems/processes used in running the scheme are sufficient
  • the scheme has an adequate continuity strategy

Under these plans, consumer savings will be more secure with master trusts being required to meet strict criteria on all aspects of operations and governance.

Guy Opperman, Minister for Pensions and Financial Inclusion, said:

The majority of master trust pension schemes are operating well, but for too long these schemes have been subject to far less regulatory scrutiny than new contract-based providers.

Nobody’s savings should be less secure simply because of the pension chosen by their employer. That is why the new authorisation and supervision regime is a significant step forward in bringing master trust and other occupational schemes into line.

These strict new tests will ensure current and future master trusts are strong, safe and well placed for consumers and employers to invest their pension contributions.

The new regime will be administered by The Pensions Regulator. Under the new regime all current and prospective master trust schemes will need to apply for authorisation to operate in the market. The regulator will also have greater ongoing powers to work with, and if necessary, de-authorise master trusts where they are at risk of failing.

Master trusts will also have to demonstrate on an ongoing basis that they continue to meet the strict authorisation criteria, including demonstrating provisions to ensure member funds are protected in the event of a scheme needing to be wound up.

The master trust market has grown rapidly since 2012. There are currently 87 master trusts, which now represent 90% of savers who have been automatically enrolled into a workplace pension.

The announcement follows the passing of the Pension Scheme Act in April 2017, which introduced this regime proposal. It is expected that the new regulations will come into effect from October 2018.

More information

As a type of multi-employer pension scheme, master trusts have the potential to offer great advantages for members and employers, due to their scale, good governance and value for members.

The vast majority of employers have chosen to use a master trust pension scheme to meet their automatic enrolment obligations rather than set up and run their own workplace pension scheme. This has led to a considerable expansion of the master trust market.

It is estimated that around 11 million workers will either be newly saving or saving more into a workplace pension by 2018, generating around £20 billion in additional pension saving by 2019/20.

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Link: Press release: Master trust pension schemes consultation
Source: Gov Press Releases

Press release: Strategy seeks one million more disabled people in work by 2027

‘Improving lives: the future of work, health and disability’ sets out how the government will work with employers, charities, healthcare providers and local authorities to break down employment barriers for disabled people and people with health conditions over the next 10 years. This will be delivered through in-work programmes, personalised financial and employment support, and specialist healthcare services to help more people go as far as their talents will take them.

The UK has near record high employment levels with over 32 million people in work, including 600,000 more disabled people in the last 4 years alone. However, ill health that keeps people out of work costs the economy an estimated £100 billion a year, including £7 billion in costs to the NHS. The government is committed to not only getting people into work, but helping them to remain and progress so they can reap the rewards of having a job.

The government announced today’s plans in response to its Work, health and disability green paper consultation which closed earlier this year and received around 6,000 responses from stakeholders and the public.

Work and Pensions Secretary David Gauke said:

Everyone should be able to go as far as their talents can take them, but for too long disabled people and people with health conditions have been held back from getting on in work.

Today we’ve set out an ambitious 10-year strategy to end this injustice once and for all. By bringing employers, the welfare system and health services together we’re taking significant steps to ensure everyone can reach their potential.

Health Secretary Jeremy Hunt said:

Mental ill health can affect anyone, from any walk of life at any time. For too long society has dictated that people with physical and mental health issues or a disability are a burden. Ensuring that more people with disabilities or long-term health conditions can get into and stay in work would not only enhance their lives, but actually enrich our economy too.

This strategy will help shape the future for hundreds of thousands of people with disabilities and mental health issues as we continue to tackle the stigma that so many people face when trying to get into and progress in work.

Two new employment trials will also be launched in the West Midlands and Sheffield City Region combined authorities to provide employment support. The government is also investing around £39 million to more than double the number of Employment Advisors in Improving Access to Psychological Therapies services.

Meanwhile, all 40 recommendations of the recent Stevenson/Farmer review of mental health and employers are to be taken forward by the government. This includes establishing a framework for large employers to voluntarily report on mental health and disability within their organisations. Employers are a central part of plans, and encouragingly over 5,000 companies of all sizes have now signed up to the Disability Confident scheme to promote disability inclusion.

Sarah Kaiser, Diversity and Inclusion lead at Disability Confident employer Fujitsu, said:

It is fantastic to see the government is committing to seeing more disabled people enter the workplace. Fujitsu has significantly benefited from being Disability Confident, giving us access to untapped pools of talent and enabling us to increase our retention of employees with disabilities.

We have also worked with our employees with disabilities to ensure our products and services become even more accessible, benefitting our customers too. This is not just the right thing for employees, but also significantly helps the employer.

Creating an environment where employees feel comfortable to be completely themselves and tell us if they have a disability allows us to put in place the right adjustments to properly enable them to do their work, whilst providing a working environment that emphasises support. This not only results in increased employee satisfaction but also performance, realising value for the organisation too.

Also announced today are the next steps for the Fit for Work service. Its assessment services will come to an end in England and Wales on 31 March 2018 and 31 May 2018 in Scotland, following low referral rates.

Employers, employees and GPs will continue to be able to use the same Fit for Work helpline, website and web chat, which offer general health and work advice as well as support on sickness absence. An ‘Expert Working Group on Occupational Health’ has been appointed to champion, shape and drive a programme of work to take an in-depth look at the sector.

In the last year, the government has taken decisive steps to support people with disabilities and health conditions, including:

  • Introduced the Personal Support Package, which includes £330 million of funding over 4 years.

*Ending re-assessments for claimants with the most severe lifelong disabilities, illnesses or health conditions on Employment and Support Allowance (ESA) and Universal Credit.

  • Recruiting hundreds of additional Disability Employment Advisers and new Community Partners to bring specialist advice and support into the jobcentres.
  • Introducing a new ‘Health and Work Conversation’ between people on ESA and their work coach, focusing on what they can do rather than what they cannot.
  • Launching the Disability Confident Business Leaders Group, which helps to drive continued employer engagement through effective leadership and peer-to-peer support.
  • A trial voluntary work experience programme for young people with limited capability for work. This will enable young people to benefit from time in the workplace with a mainstream employer to build their confidence and skills, enhance their CV and demonstrate their ability to perform a job role.
  • Extending ‘Journey to Employment’ job clubs to 71 Jobcentre Plus areas with the highest number of people receiving ESA.

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Link: Press release: Strategy seeks one million more disabled people in work by 2027
Source: Gov Press Releases

The National Insurance Contributions (Application of Part 7 of the Finance Act 2004) (Amendment) Regulations 2017

These Regulations amend the National Insurance Contributions (Application of Part 7 of the Finance Act 2004) Regulations 2012 (S.I. 2012/1868) (“the NICs Disclosure Regulations”) to correspond with changes made to Part 7 of the Finance Act 2004 (c. 12) (“FA 2004”) by virtue of the Finance Act 2015 (c. 11).

Link: The National Insurance Contributions (Application of Part 7 of the Finance Act 2004) (Amendment) Regulations 2017
Source: Legislation .gov.uk

The Inheritance Tax Avoidance Schemes (Prescribed Descriptions of Arrangements) Regulations 2017

These Regulations prescribe the descriptions of arrangements that lead to an inheritance tax advantage, so as to be notifiable arrangements for the purposes of Part 7 of the Finance Act 2004 (disclosure of tax avoidance schemes).

Link: The Inheritance Tax Avoidance Schemes (Prescribed Descriptions of Arrangements) Regulations 2017
Source: Legislation .gov.uk

The Tax Avoidance Schemes (Miscellaneous Amendments) Regulations 2017

These Regulations amend the Tax Avoidance Schemes (Prescribed Descriptions of Arrangements) Regulations 2006 (S.I. 2006/1543) (“the Hallmark Regulations”) and the Tax Avoidance (Information) Regulations 2012 (“the Information Regulations”) so as to extend the scope of these Regulations to include the apprenticeship levy and to make other consequential amendments.

Link: The Tax Avoidance Schemes (Miscellaneous Amendments) Regulations 2017
Source: Legislation .gov.uk

Press release: UK Government opens the door for a mid-Wales growth deal

UK Government Minister Guto Bebb will visit Llandrindod Wells today to help open the door to a mid-Wales growth deal

He will meet leading local authority figures, business people and representatives from the agricultural sector to encourage businesses to play a role in helping to grow the Mid Wales economy.

During the visit the Minister will say that the mid-Wales economy has tremendous potential for growth.

He will say that now is a key time for businesses and local authorities to come together and work with the UK and Welsh Governments to build a mid-Wales engine that can create jobs and opportunities across the region.

From research expertise at Aberystwyth University to global success stories such as Nidec Control Techniques, the region already has much in the way of innovation, skills and technology.

The Minister will say that the UK Government wants to work with companies and groups on the ground as they develop a bespoke deal that works for the whole of mid-Wales.

Last week the UK Government announced it would welcome proposals for a mid-Wales growth deal, as part of the Budget.

Speaking ahead of the visit, Guto Bebb said:

A mid-Wales growth deal would be the catalyst to revolutionise the way our towns and villages in mid-Wales govern themselves – shifting powers down from London and Cardiff to local leaders who are better placed to take decisions that affect their communities.

The development of a Midlands Engine across the border offers a unique chance to partner and develop a growth corridor stretching all the way from Aberystwyth to the Midlands.

With the launch of our Industrial Strategy, which includes opportunities for a growth deal for mid-Wales, there has never been a better time for businesses, local authorities and the agriculture sector to seize the opportunity to come together and build a strong vision for mid-Wales.

Powys County Council Leader Rosemarie Harris said:

Growth deals have the potential to re-shape the economic development of a region so I welcome the commitment for a growth deal for mid-Wales.

Any growth deal for mid-Wales could improve the transport infrastructure, digital connectivity and help to develop new job opportunities for the region. This would be of huge benefit to Powys and to Wales as a whole. We want to develop a thriving economy in Powys and a growth deal for Mid Wales will help us to achieve that.

Rebecca Williams, Director for Wales, Country Land and Business Association added:

We are pleased to welcome the Minister to the CLA meeting to hear his ideas on a mid-Wales growth deal. It is essential that this region is not left behind in terms of economic growth and the value and importance of the rural economy in this region is recognised and supported.

ENDS

Link: Press release: UK Government opens the door for a mid-Wales growth deal
Source: Gov Press Releases