The recent proliferation of ‘crypto-opportunities’ and schemes to fund Bitcoin mining operations, all beg the question of the extent to which such creditably imaginative schemes are regulated by the FSMA financial promotion restrictions.
Chair of the Trustees of the Schemes – Robin Ellison – an eminent pension lawyer and expert – is appearing before the Works and Pension Committee today to face questions on the Trustees’ actions.
It is not just the main Carillion companies that may now find themselves in severe financial difficulties. Smaller subcontractors may find themselves having to consider their position with regard to the Pension Protection Fund (PPF) and the Pension Regulator.
Since covering the deficit that the Carillion schemes are facing — we take a quick trot through the pension ‘lifeboat’ scheme and what it might mean to the 28,000 members of the 13 Carillion schemes.
As the dust continues to be stirred up following the Carillion collapse, and with a £587m shortfall, now seems a good time to set out what we know so far in relation to the pensions aspects.
Last week Google’s Project Zero team published details of serious security flaws, Meltdown and Spectre, which affect almost every modern computer, and could allow hackers to steal sensitive personal data.
The Information Commissioner's Office (ICO) has published a number of guides on the GDPR designed to assist local authorities, education providers, small public health sector bodies, small organisations and charities.