QROPS - Qualifying Recognised Overseas Pension Schemes were introduced in 2006 as part of a major overhaul of Britain\'s pension framework, aimed at simplifying pension transfers to another country. New legislation was passed by the UK tax authority, HM Revenue and Customs (HMRC), in order to comply with an EU directive that pensions be free to move across Europe\'s borders. This ruling means that individuals, wishing to retire to countries such as France, Spain and Portugal can effectively take their UK pension funds with them: http://www.axis-finance.com/what-are-qrops.php
Who can apply for a QROPS?
A QROPS is specifically designed to allow anyone, not intending to retire in the UK, to transfer existing and frozen UK pension plans into a more appropriate retirement vehicle.
Individuals who are, or have been members of a UK registered pension fund and are currently living outside of the UK, or intending to leave the UK on a permanent basis, can consider transferring their retirement fund into a QROPS: http://www.axis-finance.com/qrops-living-in-France
Transfers to QROPS
The UK Government allows transfers to QROPS to be made free of UK tax. Their aim is to simplify the affairs of individuals leaving the UK on a permanent basis and to encourage them to continue saving in order to provide an income when they retire. There is no official limit to the amount of funds that may be transferred to a QROPS: http://www.axis-finance.com/qrops-France-pension-transfers
QROPS - HMRC Rules
What makes a scheme a QROPS?
In order to transfer your UK pension into a QROPS, it is necessary for the overseas pension scheme to be accepted by HMRC. The criteria outlined by HMRC for an overseas scheme to qualify as a QROPS include:
- The pension scheme must be established outside of the UK
- It must be recognised for tax purposes in the country where it is located
- It must be regulated in the country in which it is established
Age that benefits can be taken from a QROPS
The QROPS regime mirrors that of a regulated pension scheme in the UK. Benefits, including lump sum payments, from the transferred funds may not be distributed earlier than the normal retirement age of 55, if an individual has been a non-UK resident for less than five complete tax years: http://www.axis-finance.com/qrops-living-in-France-HMRC-Rules
QROPS Reporting requirements
HMRC should be notified if a payment is made within the first five tax years of a member becoming non-UK tax resident. Any benefits paid before five complete tax years of non-UK residency and not in accordance with UK Pension rules will be deemed an unauthorised payment.
The scheme manager does not have to notify HMRC if the payment is made 10 or more years after the day of the transfer that created the QROPS fund for the \'relevant member\', provided that the person is non UK resident for the duration of this period. This 10 year \'bracket\' for reporting payments took effect as of 6 April 2012.
QROPS List
When transferring your UK pension to a scheme overseas, it is important to check that the scheme meets the conditions to be a qualifying recognised overseas pension scheme (QROPS). Not all transfers to overseas or offshore schemes are QROPS transfers; it is therefore essential to verify that the scheme receiving your UK benefits is on the QROPS list published by HMRC, otherwise a transfer will be treated as a transfer to a non-qualifying overseas scheme and substantial penalties may be applied by HMRC at the time of transfer: http://www.axis-finance.com/qrops-list-living-in-France
How do I know if it is a legitimate QROPS scheme?
QROPS approved plans that agree to have their details published are listed on the HMRC website. A UK Pension administrator will confirm a QROPS listing before agreeing to a transfer. If not listed, the administrator will contact HMRC
World Water Day is March 22, and the children and youth of Children International are celebrating around the world. They know firsthand the difference clean, accessible water can make in their lives.
Some of them also know what it feels like to make clean water available to others. In 2012, the youth of Children International in Lusaka, Zambia, dedicated their Youth Empowerment Fund to extend the supply of clean, piped water to the poor community of Chibolya.
To view Multimedia News Release, go to http://www.multivu.com/mnr/57995-children-international-world-water-day
Dua To Literally Boost Your Energy ᴴᴰ ┇ #DuaRevival ┇ by Ustadh Majed Mahmoud ┇ TDR Production ┇
Assalaamu Alaikum Wa Rahmatullahi Wa Barakaathuhu
*This video is Created by & for The Daily Reminder. Feel free to re-upload and share.
**No Music was used in the production of this video
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Dua To Literally Boost Your Energy ᴴᴰ - Ustadh Majed Mahmoud
One time Fatima (radiallahu anha) -- she went to complain to her husband Ali ibn Talib (radiallahu anhu) about how exhausting and tiring the housework has become on her. You know what, the family - Ali and Fatima (radiallahu anhuma) -- was a very poor family actually. Unlike many other homes, they had no money to afford to have a servant or a maid to help out in the housework. So Fatima (radiallahu anha) used to do everything. And you gotta appreciate that because there were no washing machines, no dishwashers, no vacuums, nothing! It was all physical work. So Ali ibn Talib (radiallahu anhu) hearing this, he says, 'Ya Fatima! How about you get a servant?'(Fatima says) 'How can I get a servant? We don't have money for this stuff?' He tells her, 'Ya Fatima! I have heard that your father Muhammad (Sallallahu Alaihi Wasallam) just recently received some prisoners of war. And why not you go and request from your father (Muhammad Sallallahu Alaihi Wasallam) to give you one of those people to be a servant for us? Why not?' Fatima liked the idea. She never the Prophet Sallallahu Alaihi Wasallam had received such a group of prisoners of war, and she wants now to go to the house of R asulullah (Sallallahu Alaihi Wasallam) and she heads there right away. She knocks on the door. Aisha (radiallahu anha), the wife of Muhammad Sallallahu Alaihi Wasallam opens the door and they greet each other and Fatima asks, 'Ya Aisha! Is my father there?' And Aisha says, 'No, he's not here.' Then Fatima basically wants to tell her exactly what her request is like and she tells her, 'You know what? I heard my father has received some prisoners of war and I was hoping I could get one [like] to be [like] a servant for our family. That'd be really nice.' So Aisha (radiallahu anha) says, 'You know what, the moment your father comes back I will surely let him know of what your need is.' Beautiful! Fatima goes back home. The Prophet Sallallahu Alaihi Wasallam -- after some time -- comes back to his house. And Aisha tells him exactly why Fatima came and the request, 'you know what, she's looking for a servant to help her out with all the housework.' Rasulullah says, 'you know what, I'm going to go right now to the house of Ali.' Allahu Akbar! Rasulullah Sallallahu Alaihi Wasallam heads to the house of Ali ibn Talib (radiallahu anhu). As he gets there, Ali and Fatima -- they would like to stand up and greet the Prophet Sallallahu Alaihi Wasallam. But the Prophet says, 'Ala makaa nikum."He says, ' Ala makaa nikum -- Stay the way you are. Stay in your bed, no need to stand up. Just relax.' And the Prophet Sallallahu Alaihi Wasallam -- Allahu Akbar! -- He comes and he sits on their bed in between Fatima and Ali (radiallahu anhuma). And he tells them... "Hal adullukuma 'ala khayrim mimma sa altuma -- shall I not guide you of something that is better and more beneficial to both of you than whatever you have requested (i.e. having a servant)? Whenever you're about to go to sleep -- itha awaytuma firaashikuma -- you shall say fasbbiha thalaatha wa thalaatheen (say Subhanallah thirty three times) wahmadaa thalaatha wa thalatheen (say Alhamdulillah thirty three times) wa kabbirah arba'un wa thalatheen (and say Allahu Akbar thirty four times). Haatha khayrullakum min khadim -- Allahu Akbar! -- This is better for you than having a servant!'
Samruk Kazyna, Kazakhstan’s sovereign wealth fund managing major strategic state assets with the combined value of close to $100 bn, is overhauling its business strategy, including approaches to investments and to asset management.
New management mechanisms will soon be introduced in all of the Fund’s companies. As early as 2014, business processes reengineering will start in three pilot organizations – diversified transport holding Kazakhstan Temir Zholy, oil and gas company KazMunaiGaz and postal service operator KazPochta.
These measured will result in operating costs reduction of 20% by 2017, and Samruk Kazyna’s economic value added will generate more than $11.2 bn for Kazakhstan’s economy.
To view the Multimedia News Release, go to http://www.multivu.com/players/English/72762559-samruk-kazyna-transformation-forum/
On Charity Day, The Cantor Fitzgerald Relief Fund – in conjunction with Cantor Fitzgerald and its affiliate BGC Partners – commemorates our 658 colleagues and 61 Eurobrokers employees who perished on September 11, 2001.
Started by the Fund’s President and Co-Founder Edie Lutnick and with the ongoing support of Cantor Fitzgerald CEO Howard Lutnick, Charity Day is our Firm’s way of turning a tragic day into one that is dedicated to helping others in our community.
The Cantor Fitzgerald Relief Fund gives 100% of our global revenues on Charity Day to the Cantor Fitzgerald Relief Fund and dozens of charities around the world. Last year’s Charity Day raised approximately $12 million for hundreds of charities. Since its inception, Charity Day has raised approximately $125 million globally.
To view the multimedia release go to:
http://www.multivu.com/players/English/7899331-cantor-fitzgerald-bgc-partners-charity-day/
The Astana Economic Forum 2016 is to take place in Astana, Kazakhstan on May 25-26. The theme of the AEF - "New economic reality: diversification, innovation and knowledge economy" - is related to global changes in the world determined by the development of a new economic reality and a number of challenges in geopolitics, the economy and financial systems.
This year AEF is organized by the Ministry of National Economy of Kazakhstan, the “Economic Research Institute” JSC, and the "Economic Initiatives Fund of Kazakhstan" CF.
The Forum will host 20 events which are focused on four main subthemes: global economy, economic diversification, innovation and technology, and knowledge economy.
AEF 2016 expects 3,000 delegates, including renowned politicians, international economists, Nobel Prize winners, heads of international organizations and representatives of influential media to attend.
To view the multimedia release go to:
http://www.multivu.com/players/uk/7847451-astana-economic-forum-new-economic-reality/
With the help of President George H.W. Bush, Bass Pro Shops and representatives of the States of Texas and Florida, RBFF and the George H.W. Bush Vamos a Pescar™ Education Fund has announced the very first grant donations to organizations bringing conservation, education and fishing and boating experiences to Hispanic families. A total of $50,000 in grants were awarded last week during a ceremony at the George Bush Presidential Library and Museum in College Station, TX.
The George H.W. Bush Vamos a Pescar™ Education Fund was founded by RBFF in 2014, with an initial $125,000 donation by Bass Pro Shops Founder and CEO Johnny Morris, in honor of President George H.W. Bush’s milestone 90th birthday. The mission of the Education Fund is to bring hands-on fishing and boating experiences, along with conservation activities, to Hispanic families across the United States. This event announces the first grants made in furtherance of this mission.
To view the multimedia release go to:
http://www.multivu.com/players/English/7806451-vamos-a-pescar-ghwb-fund/
BGC Partners, Inc. (NASDAQ: BGCP) (“BGC Partners” or “BGC”), a leading global brokerage company servicing the financial and real estate markets, announced today that BGC, together with its affiliate Cantor Fitzgerald, raised approximately $12 million for charities around the world, at the companies’ 12th annual Charity Day on Monday, September 12, 2016. Each year, BGC and Cantor Fitzgerald donate 100% of the global revenues generated on Charity Day to the Cantor Fitzgerald Relief Fund and dozens of charities around the world.
“Since first established 12 years ago, Charity Day has symbolized the importance our company places on making a difference in the world and paying tribute in a positive way to the loved ones we lost on this anniversary of a day that is forever in our memory,” said Howard W. Lutnick, Chairman and Chief Executive Officer of BGC Partners. “We are honored to be able to support a multitude of worthy charities and causes around the world, and I am deeply grateful for the generosity that our clients, partners and employees have continued to demonstrate for our philanthropic efforts on Charity Day and throughout the year.”
To view the multimedia release go to:
http://www.multivu.com/players/English/7921551-bgc-partners-charity-day-2016/
BGC Partners, Inc. (NASDAQ: BGCP) (“BGC Partners” or “BGC”), a leading global brokerage company servicing the financial and real estate markets, announced today that BGC, together with its affiliate Cantor Fitzgerald, raised approximately $12 million for charities around the world, at the companies’ 11th annual Charity Day on Friday, September 11, 2015. Each year, BGC and Cantor Fitzgerald donate 100% of the global revenues generated on Charity Day to the Cantor Fitzgerald Relief Fund and dozens of charities around the world.
“Since first established 11 years ago, Charity Day has symbolized the importance our company places on making a difference in the world and paying tribute in a positive way to the loved ones we lost on this anniversary of a day that is forever in our memory,” said Howard W. Lutnick, Chairman and Chief Executive Officer of BGC Partners. “We are honored to be able to support a multitude of worthy charities and causes around the world and I am deeply grateful for the generosity our clients, partners and employees have continued to demonstrate for our philanthropic efforts on Charity Day and throughout the year.”
Charity Day has raised approximately $125 million globally since its inception. Held in commemoration of the 658 Cantor employees and 61 Eurobrokers employees lost in the 9/11 World Trade Center attacks, Charity Day, in conjunction with the Cantor Fitzgerald Relief Fund, has expanded its mission to assist charitable causes worldwide.
To view the multimedia release go to:
http://www.multivu.com/players/English/7623951-cantor-bgc-partners-charity-day-2015/
The Ad Council is launching its first crowdfunding effort leveraging the Tilt platform to raise the funds necessary to continue its national Bullying Prevention campaign. The program kicks off today and will run through mid-December with a goal of raising $100,000 to fund the production and distribution of new public service ads (PSAs). Promotional partners for the Tilt program include Change.org, Participant Media, Element Associates and PR Newswire.
To view the Multimedia News Release, go to: http://www.multivu.com/players/English/7357251-ad-council-tilt-be-more-than-a-bystander-bullying-prevention-campaign/
The following statement is being issued by Garden City Group, LLC regarding the claim deadline for CR Intrinsic Fair Fund to Elan Corporation PLC and Wyeth Investors.
UNITED STATES DISTRICT COURT
FOR THE SOUTHERN DISTRICT OF NEW YORK
Securities and Exchange Commission
v.
CR Intrinsic Investors, LLC, et al.
Civil Action No. 12-cv-8466 (VM)
XQ Institute is launching XQ: The Super School Project, a challenge to reimagine and design the next American high school. Harnessing the best of American ingenuity in cities and towns across the country, XQ aims to help spark a movement to rethink the American high school—an institution that was designed to meet the needs of the Industrial Revolution and hasn’t changed in more than a century.
“Our nation is radically different than it was 100 years ago. Nearly every aspect of our daily lives—from how we communicate to how we work and play—has changed dramatically,” said Laurene Powell Jobs, Chair of the board of XQ Institute. “But our high schools have stayed frozen in time. Together, we have an opportunity to help fuel a movement for students, to inspire great high schools, and even to rethink school itself. Our passion at XQ is to help educators everywhere foster students who are curious, engaged, and creative—armed with the new literacies, knowledge, and skills needed to thrive,” she added. “To do that, we must use our collective imagination.”
From the Model T to the Tesla and the switchboard to the smart phone—everything has changed except for how we prepare our kids for the future. XQ: The Super School Project is a rallying call to America to change the outdated model that has failed to prepare our students for the demands of the global economy, and an open call to every community to rethink high school for today and tomorrow. XQ Institute will provide a fund of $50 million to support at least five selected schools over the next five years. It will also partner with them to provide expert support and guidance to turn their ideas into real Super Schools that can inspire the country.
To view the multimedia release go to:
http://www.multivu.com/players/English/7611851-xq-institute-super-school-project/
