first_img Economy,  Press Release,  Seniors Hershey, PA – Governor Tom Wolf today joined Department of Banking and Securities Secretary Robin L. Wiessmann and Department of Aging Secretary Teresa Osborne to discuss measures the Wolf Administration has taken to help protect senior citizens from financial scams and fraud.“Financial crime can be visited upon older Pennsylvanians by someone they know — caregivers, friends, professionals, or service providers who abuse the trust that has been placed in them – or, in some cases, they can be targeted by strangers with elaborate scams,” Governor Wolf said. “That’s why my administration decided to pull together and collaborate across all our agencies to work to protect older Pennsylvanians from this kind of abuse.”“Elder financial abuse is one of the most significant financial crimes of the 21st century, and it is estimated to cost older Americans $36 billion each year,” said Secretary Wiessmann. “In order to help protect our seniors from financial fraud and abuse, we are developing and providing education programs for front-line professionals who have close contact with older Pennsylvanians. Through these programs, accountants, doctors, lawyers, and investment professionals are learning to identify signs of elder financial abuse, as well as how to report it and prevent this crime.”During a panel discussion at the Mohler Senior Center in Hershey, Governor Wolf pointed specifically to “PA $AFE,” an information exchange and clearinghouse created as part of the governor’s Consumer Financial Protection Initiative, which involves over 20 Pennsylvania state government agencies engaged in financial education and consumer protection activities.“As an example of how PA $AFE operates, leaders from 14 agencies with consumer hotlines are trained to work to ensure their staff members know the appropriate places to refer calls that are not typically handled by their agencies,” Governor Wolf explained. “They are also making certain that the financial information they share with consumers is up-to-date and consistent across agencies.”In November 2015, Governor Wolf announced the Consumer Financial Protection Initiative “in order to educate the public about financial protection and best practices in a concise, efficient way.” Among the four goals he laid out for this initiative include:·         Establish a state government interagency financial education exchange for consumers.·         Help professionals who work with senior citizens identify signs of elder financial abuse and prevent this crime.“There are many types of financial fraud scams that target seniors,” said Secretary Osborne. “The Wolf Administration recognizes that financial fraud education is critical. Protection means involvement, and in order to prevent older Pennsylvanians from becoming victims of financial fraud, we must educate those around us on what these scams are, how they work, and where to call for help.”Senior citizens, the caregivers, or family members with questions about financial transactions can call the Department of Banking and Securities at 1-800-PA-BANKS. The department also maintains on online library of resources to help consumers learn to protect themselves at: SHARE Email Facebook Twitter April 21, 2017center_img Governor Wolf Urges Seniors to Protect Themselves Against Financial Fraudlast_img

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first_imgThe Pensions and Lifetime Savings Association (PLSA) has updated its corporate governance and voting guidelines to emphasise the importance of corporate reporting on strategic risk and non-executive directors’ time commitments.The new edition of the guidelines, released on Saturday, reflects recent work carried out by the association and its intention to “advance market best practices”, said Luke Hildyard, policy lead on stewardship and corporate governance.The 2015-16 version does not introduce any new principles but differs from last year’s guidelines in the emphasis that has been placed on certain principles and the detail added, he told IPE.He said there were additions in three main areas, addressing company and shareholder responsibilities. One of the areas concerns corporate reporting, the focus of work carried out by the association earlier this year.Following on from this, the PLSA revised the guidelines to emphasise that corporate reporting “should enable an investor to understand how the company is maximising the long-term value of the human capital it has at its disposal”.The guidelines refer specifically to the “composition of the workforce” and “the sustainability of the employment model” as aspects that merit particular attention to allow shareholders to develop a more “holistic view” of the risks and opportunities facing a given company.Companies are also called on to develop and refine their understanding and reporting of strategic risks continually.The guidelines were amended to stress the importance of ensuring non-executive directors have sufficient time and energy to be able to discharge their role properly.This is not a new concern for the association and its members, but the new edition of the guidelines includes a note calling on shareholders to be “mindful of concurrent directorships” and to take into account the nature of the director’s commitments.It also gives specific examples of what could constitute a director’s being what Hildyard referred to as “overcommitted”, in which case a vote against the (re-)election of a director could be warranted.The PLSA’s views on best practice surrounding the issuance of shares without pre-emption rights have also evolved, with the 2015-16 corporate governance and voting guidelines incorporating a new call for companies to give shareholders as much advance notice as possible if they intend to dis-apply pre-emption rights.“Companies should clearly signal their intention to undertake a non-pre-emptive issue at the earliest opportunity and establish a meaningful dialogue with their shareholders,” the guidelines state.“They should also keep shareholders informed of issues related to an application to disapply their pre-emption rights. Shareholders, in turn, should review the case made by a company on its merits and decide on each case individually using their usual investment criteria.”,WebsitesWe are not responsible for the content of external sitesLink to 2015-16 PLSA Corporate Governance and Voting Guidelineslast_img

first_imgTrump DOJ settles lawsuits over Tea Party targeting by Obama IRSFox News 25 October 2017Family First Comment: At the same time as the Charities Commission were targeting Family First for its ‘ideology’, the same was happening in the US. The difference is that the targeting in the US has finally been acknowledged and is being rectified! Thanks to Trump. No thanks to Obama.“Attorney General Jeff Sessions announced early Thursday that the Justice Department had entered into settlements with Tea Party groups whose tax-exempt status was significantly delayed by the IRS dating back to 2013, “based solely on their viewpoint or ideology.””The Trump administration, after years of litigation, has settled lawsuits with Tea Party and other conservative groups who say they were unfairly targeted by the IRS under the Obama administration.Attorney General Jeff Sessions announced early Thursday that the Justice Department had entered into settlements with Tea Party groups whose tax-exempt status was significantly delayed by the IRS dating back to 2013, “based solely on their viewpoint or ideology.”The settlements involve payments to the plaintiffs and an apology from the IRS.The targeting scandal drew heavy attention in 2013 when the IRS admitted it applied extra scrutiny to conservative groups applying for nonprofit status. Lois Lerner, then head of the Exempt Organizations unit responsible, became the public face of the scandal, though other IRS officials were involved as well.Sessions said that groups with names involving “Tea Party” or “Patriots,” or those with specific policy positions concerning government spending, were subject to “inappropriate criteria” to “screen” applications.“The IRS’s use of these criteria as a basis for heightened scrutiny was wrong and should never have occurred,” Sessions said in a statement Thursday. “It is improper for the IRS to single out groups for different treatment based on their names or ideological positions.”READ MORE:

first_imgCemetery workers in protective clothing maneuver the coffin of 57-year-old Paulo Jose da Silva, who died from the new coronavirus, in Rio de Janeiro, Brazil, Friday, June 5, 2020. AFP RIO DE JANEIRO – Brazil’s government has stopped publishing a running total of coronavirus deaths and infections in an extraordinary move that critics call an attempt to hide the true toll of the disease in Latin America’s largest nation. Saturday’s move came after months of criticism from experts that Brazil’s statistics are woefully deficient, and in some cases manipulated, so it may never be possible to understand the depth of the pandemic in the country.center_img Brazil’s last official numbers showed it had recorded over 34,000 deaths related to the coronavirus, the third-highest number in the world, just ahead of Italy. It reported nearly 615,000 infections, putting it second, behind the United States. Brazil, with about 210 million people, is the globe’s seventh most populous nation. (AP)last_img

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