Tag Archives: HM Government

Two reports have been published today that will help inform the government’s review of the State Pension age which is due in May 2017.

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The Charity Commission has today (23 March 2017) published a report of its statutory inquiry into the Ipswich Kurdish Islamic Cultural Centre (registered charity number 1149580) (‘the charity’), concluding that there was misconduct and mismanagement in the charity’s administration.

The report sets out multiple failings by the trustees and concludes that the charity’s financial management was poor.

The inquiry, which began in November 2015, found that the trustees:

• made unauthorised salary payments to one trustee amounting to £1,360, even though the charity’s governing document prohibits the employment of trustees
• provided a zero interest loan to 2 members of the local community totalling £20,000 which amounted to twice the size of the charity’s 2015 income
• did not have a safeguarding policy in place despite the fact that the charity operates weekend classes for children

The report also criticises the trustees’ approach to engaging with the Commission, saying that their conduct fell below that which the regulator and the public expect, including by initially failing to take prompt action to address concerns identified by the Commission before it opened the inquiry. Following the opening of the inquiry, and as reflected in the report, the Commission acknowledges improvements in the trustees’ conduct.

As part of the inquiry, the Commission has made an order requiring the trustees to complete a number of actions to address the failings and regulatory concerns identified.

The report states that the regulator will take further regulatory action if the trustees fail to comply with the order within a stated timeframe.

Michelle Russell, Director of Investigations Monitoring and Enforcement at the Charity Commission said:

Our inquiry into the Ipswich Kurdish Islamic Cultural Centre found serious problems and basic failures. As our core guidance, The essential trustee, explains, trustees must comply with their charity’s governing document and the law and must manage their charity’s resources responsibly. That hasn’t always happened at this charity, putting it at risk of not being able to carry out its charitable purposes. I now hope the trustees take the necessary steps we have set out in our Order to improve the charity’s governance in the future.

The full report is available on GOV.UK.

Ends

PR 21/17

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Notes to editors

1. The Charity Commission is the independent regulator of charities in England and Wales. To find out more about our work, see our annual report.
2. Search for charities on our online register.

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• New builds to create up to 2,000 construction jobs and generate millions of pounds to British economy
• Builds on the government’s commitment to create up to 10,000 modern places, aimed at reducing overcrowding and creating the right conditions for reform.

Justice Secretary Elizabeth Truss has today unveiled plans for the building of 4 new prisons in England and Wales – creating 5,000 modern prison places and replacing old and overcrowded establishments with new, fit for purpose buildings.

Sites in Full Sutton in Yorkshire; Hindley in Wigan; Rochester in Kent and Port Talbot in South Wales have been earmarked for development as part of the government’s commitment to build up to 10,000 modern prison places by 2020, backed by £1.3 billion to transform the estate.

As well as creating modern establishments fit for the twenty-first century, the proposed new builds will also act as a boost to regional economies across the country – creating up to 2,000 jobs in the construction and manufacturing industries and new opportunities for local businesses.

Final decisions on the new prisons will be subject to planning approvals, as well as value for money and affordability.

Justice Secretary Elizabeth Truss said:

We cannot hope to reduce reoffending until we build prisons that are places of reform where hard work and self-improvement flourish.

Outdated prisons, with dark corridors and cramped conditions, will not help offenders turn their back on crime – nor do they provide our professional and dedicated prison officers with the right tools or environment to do their job effectively.

This significant building programme will not only help create a modern prison estate where wholescale reform can truly take root, but will also provide a thriving, economic lifeline for the local community – creating hundreds of jobs for local people and maximising opportunities for businesses.

Today’s announcement comes weeks after the opening of HMP Berwyn – the new, modern prison in north Wales which will hold over 2,000 prisoners. The construction of this new prison has already contributed over £100 million to the local economy and created around 150 jobs and apprenticeships before doors have even opened.

In creating a modern prison estate, old and inefficient prisons will be closed and replaced by the new accommodation. A programme of valuation work will now begin to help inform further decisions about the estate. Announcements on prison closures will be made later in the year.

Today’s announcement builds on ambitious reforms to improve safety in prisons, including an additional £100 million to bolster frontline staff by 2,500.

This wholescale, organisational reform will be supported by measures within the Prisons and Court Bill, which will set out a new framework and clear system of accountability for prisons, building on the wide-ranging reforms set out in the Prison Safety and Reform White Paper.

1. We will be applying for outline planning permission for new prisons in Yorkshire, the North West, Kent and South Wales.
2. A Written Ministerial Statement detailing further information will be published at 0930 Wednesday 22 March.

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33,000 extra staff in the UK now covered by the plan to tackle gender inequality in financial services.

The news comes on the first anniversary of the charter, with 122 firms, employing over half a million people in the UK and covering almost 50% of the financial services sector, now signed up.

The Women in Finance Charter, launched a year ago today, asks financial firms to commit to four industry actions to build the female talent pipeline for leadership positions. The Charter’s innovative approach has been an unprecedented success with some of the UK’s biggest and most well established firms signing up.

The latest signatories include retail banks such as CYBG, payment firms such as VocaLink, global banks such as the Royal Bank of Canada, insurers like Ageas UK, and other firms including Pinsent Masons LLP and NS&I, while Bank of America Merrill Lynch is the latest firm with headquarters in the US to sign up.

Since the Charter launched, 77 financial services firms have committed to have at least 30% women in senior roles by 2021 and 23 firms have committed to a 50/50 gender split in senior roles by 2021. New signatories will announce their targets in June.

The Commercial Secretary, Baroness Neville-Rolfe, said:

I know how difficult it can be for a woman to get the recognition she deserves and achieve her potential. And in financial services particularly, women progress too slowly or they leave the sector completely.

We have made a strong start – the first anniversary of the Women in Finance Charter sees 122 firms seizing the competitive advantage by tackling sex inequality head on.

But this is just the beginning. The financial industry is famed for its ability to identify opportunities to improve productivity. The Women in Finance Charter is one of those opportunities. It offers the chance to increase diversity of thought and for the financial services sector to better reflect the society it serves. This is why I encourage firms across the UK to step up and sign the Charter.

Jayne-Anne Gadhia, CEO of Virgin Money and the government’s Women in Finance Champion, said:

I am delighted with the strong and ongoing momentum of the Women in Finance Charter. A truly diverse financial services sector will drive productivity and underpin the UK’s position as a strong and competitive economy. There is still further to go and I urge more businesses to commit to the charter so that they can play their part in building an economy that works for everyone.

Bank of America Merrill Lynch is the latest firm with headquarters in the US to sign up, joining the likes of Morgan Stanley, BNY Mellon, BlackRock, Circle and Thomson Reuters. This proves that there are no barriers for international firms to show their commitment to gender parity by signing the Charter.

Alex Wilmot-Sitwell, President, EMEA at Bank of America Merrill Lynch, said:

Bank of America Merrill Lynch has a long history of supporting women’s leadership and economic empowerment, but there is clearly more to be done.

Increasing the number of senior women and addressing gender balance is crucial for our long-term success. This means supporting and engaging women at all levels, to ensure a strong pipeline of talent.

We are wholly supportive of the Women in Finance Charter and the positive impact it will have on our industry.

FinTechs have also responded to the government’s call to action with nine signing up including Nutmeg, RateSetter, Starling, Monzo, Zerado, Azimo, and FINTECH Circle.

The Gadhia review looked at the issue of unequal gender representation in financial services and found that in UK financial services female representation was around 23% on boards, but only 14% on executive committees. It is estimated that equalising the role of men and women in the labour market could increase GDP by 10% by 2030.

On 29th June, HM Treasury, in partnership with GrowthBusiness.co.uk, What Investment magazine and Virgin Money, will launch the inaugural Women in Finance Awards at The Savoy in London.

These awards will celebrate the individuals and organisations who are leading change by driving the gender diversity agenda in financial services.

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