Valuation office defeated in 10-year business rates fight

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TTYPE wins partial EC funding for European pension-tracking service

first_imgThe business plan also proposed including Lithuania, which does not currently have an NTS but would be included at this stage due to the small number of local pension providers in need of connection.“Connecting Austria (which has an NTS) and its direct neighbours (which do not have an NTS but have a small number of data providers) will expand the nucleus that started by connecting Poland in Step A,” the business plan adds.“Similarly, connecting the NTS of France will increase the area that started with the [national tracking services] of Belgium and the Netherlands.”Eventually, the remaining European Economic Area countries would also be connected to the ETS.ETS costIn line with the draft business plan published earlier this year, the per-member cost of the ETS was estimated at €0.03, which the consortium estimated would produce revenue to finance the not-for-profit managing entity, STEP, of no more than 10% of that produced by existing NTS.“If all estimated 280m Europeans (within the age range of 25-65) are connected, this should generate enough revenue (and, in time, a lower fee),” the business plan adds, without estimating the likelihood of such a high uptake.It also called on the European Commission to support the project financially.In a letter sent to Marianne Thyssen, commissioner for social affairs, to coincide with the report’s publication, Peter Melchior, chairman of the TTYPE steering committee of Denmark’s PKA, calls for Commission funding.“We calculated that, after the deduction of membership fees [of €3m], approximately €17m is needed in the first five years to cover the costs of developing, connecting and running the ETS,” Melchior writes.“We therefore strongly recommend the European Commission grant substantial financial support.”Melchoir also urges various stakeholders to build on the goodwill built up since the TTYPE Consortium first gathered and push ahead with the launch of the ETS.“Among parties in Europe, there needs to be enough willingness and executing power to step in and do this,” he writes.“The risk here is losing time and momentum. Political and financial support from the EC for future years is a prerequisite. Without sufficient EC support, STEP will not be able to realise its goals.”Speaking at the TTYPE launch event, Thyssen said the Commission was politically committed to the project and would aim to supply funding for the first step of the ETS connecting the Netherlands and Belgium – estimated in the business plan to cost €3.3m.She added that the Commission would later this year also tender for a provider to launch the ETS. The TTYPE consortium – comprising Danish pension provider PKA, Dutch providers PGGM, APG, MN and Syntrus Achmea and the UK and German construction-sector funds B&CE and SOKA-Bau – has been working on the plan since March 2015. A pan-European pension tracking service will take six years to break even and initially be reliant on grants from the European Commission, the venture’s final business plan shows.Unveiling its last business plan after more than a year of intensive work, the TTYPE Consortium – short for Track and Trace Your Pension in Europe – said it envisaged the staged rollout of a European tracking service (ETS), beginning in countries with existing national tracking services (NTS) and significant cross-border worker flow, with initial costs of €13.3m across the three-stage launch.The first step of the process would be for a proof-of-concept to be trialled in the Netherlands and Belgium, eventually being deployed across the Scandinavian countries and Poland.The second step would see the ETS rolled out across countries neighbouring the seven initial participating member states already in possession of an NTS, such as Latvia and Estonia.last_img read more

Pollard, Hibdon Top List of Winners At Independence Motor Speedway

first_imgHistory repeated itself with Mather’s win and it was very hard fought as Mather was able to hold off Jarrod Weepie and Chris Luloff at the finish line.  The headliner of the night was the 25-lap IMCA Sunoco Late Model main event. Eric Pollard shot to the high side of the speedway from his front row start and sailed to the win. Hometown favorite Curt Martin tried to reel in the quick running Pollard but was unable to mount a serious challenge in settling for second. Eric Pollard took the top side of the oval to victory lane in winning the Saturday eature for IMCA Sunoco Late Models at Independence Motor Speedway. (Photo by Scott Weber, Black Hat Photography) By Jerry Mackey  Twelfth starting Kolin Hibdon scored the win in the IMCA Modified feature. The 16-year-old from Nevada used every line on the track in making his way to the front. Hibdon overtook race leader Ronn Lauritzen near the midway point of the main and raced under the checkers ahead of Lauritzen and Jeff Aikey.  The IMCA Sunoco Stock Car main event treated fans with a fierce battle for the lead which featured a pack of five drivers. Cole Mather emerged from the pack to score his fourth win in a row. Saturday night marked exactly five years to the date for Mather’s first-ever Stock Car feature win at Independence.  The Karl Kustoms Northern SportMod main event turned into a battle of the Olson cousins. Tony Olson used a couple of late race slide jobs to hold off Kyle Olson for the win. Kip Siems ran a strong third.   INDEPENDENCE, Iowa – Saturday, July 4th saw 111 race cars take part in the Independence Motor Speedway holiday special.  The IMCA Sunoco Hobby Stock main event saw Kaden Reynolds continue his mastery of the IMS high banks. Reynolds worked to the front from a third row start and shot by early leader Aaron Rudolph on his way to the win. Rudolph took second ahead and Miciah Hidlebaugh finished third.last_img read more