She adds that its ability to access data, through mandatory disclosure from sponsors and trustees, is “inflexible” at times.“It could be useful to consider whether a more flexible information-gathering power, along with a general duty on parties to cooperate with the regulator, would improve the efficiency and effectiveness of our information gathering,” she writes.Titcomb’s call for TPR to be involved in M&A activity seemed to fall short of mandating that such deals receive approval from the regulator before they can proceed.Stressing the “vital role” of M&A activity to the UK economy, Titcomb said such transactions were time-sensitive.However, she did propose that TPR be privy to future discussions of M&A activity where the pension fund is a significant debtor due to its funding level.“We can see a case for a more targeted solution such as imposing a requirement to involve TPR in certain circumstances – for example, where there is significant underfunding, and/or the transaction puts the security of the scheme at risk,” she writes. “Further work would be needed to determine how such a requirement could work in practice, in particular on where the onus for notifying TPR might lie.”Titcomb also questions whether trustee boards should be given the power to be the “first line of defence” and able to request further information from corporate sponsors in the event of a merger.The UK has previously considered giving trustees an increased role in scrutinising merger deals, consulting on the matter in 2012. The UK’s pensions regulator has asked for greater powers in the wake of the collapse of BHS, suggesting it should be involved in merger and acquisition (M&A) talks where a pension scheme is significantly underfunded.Lesley Titcomb, chief executive of the Pensions Regulator (TPR), also raised the possibility of the watchdog’s having to grant pre-clearance to certain M&A activity.She conceded, however, that any such deals were usually time sensitive, and that pursuing such an approach would have “significant” resource and budget implications.Writing to Frank Field – the Labour party chair of the work and pensions select committee, which is investigating the collapse of BHS and the impact on its pension funds – Titcomb argues that access to information is crucial to the regulator’s work.
EHS names new boys’ soccer coach – July 13, 2016 BANGOR — Second place at the Penobscot Valley Conference Class B swimming championships felt like a win for the Ellsworth boys’ swim team.On Friday at Husson University, the Ellsworth boys took first in seven of 12 events and broke six records: three team records, two PVC records as well as a pool record set back in 1988.Ellsworth coach Jim Goodman said winning the championship runner-up plaque was a “joyful surprise” because of the team’s small size. The close team scores announced throughout the meet kept Ellsworth’s rank in the standings a mystery until late in the evening.“It was only at the very end did we find out EHS had placed second in team scores,” Goodman said. “All I can say is I am very, very proud of all the swimmers and their performance.”This is placeholder textThis is placeholder textThe Ellsworth boys placed second with 227 points. Bangor won with 274.5 points, and Mount Desert Island placed third with 215.“The boys kept pressing toward their best effort and times during the entire meet against stiff competition,” Goodman said of his team. “Especially against the much larger teams of Bangor and MDI.”All eight Ellsworth boys’ swimmers qualified for the State Championships scheduled for Saturday at the University of Maine-Orono.For the girls, who competed on Saturday, Ellsworth placed 10th of 15 teams. Eight of the Ellsworth girls earned a top-12 ribbon, and seven qualified for the state meet scheduled for Monday at UMO.For the boys, Ellsworth’s first place-finishers included:200-yard medley relay: Talor Hamilton (backstroke), Hayden Sattler (breaststroke), Sam Alvarado (butterfly) and Cooper Holmes (freestyle) in 1:41.73 (team record).50-yard freestyle: Talor Hamilton in 21.46 (team, PVC record).100-yard butterfly: Cooper Holmes in 54.89.100-yard freestyle: Talor Hamilton in 47.28 (team, PVC and pool record).500-yard freestyle: Sam Alvarado in 4:59.77.100-yard backstroke: Cooper Holmes in 55.70.400-yard freestyle relay: Sam Alvarado, Hayden Sattler, Cooper Holmes and Talor Hamilton in 3:24.97.Other top finishers for the Ellsworth boys included:200-yard freestyle: Sam Alvarado, fourth place in 1:55.81; Brian Whalley, ninth in 2:09.78.100-yard butterfly: Austin Baron, sixth in 1:03.98.500-yard freestyle: Brian Whalley, 10th in 6:02.72.200-yard freestyle relay: Austin Baron, Jack Mckechnie, Valter Moller and Brian Whalley, fifth in 1:48.06100-yard breaststroke: Hayden Sattler, second in 1:03.73; Austin Baron, fourth in 1:10.00.For the girls, Ellsworth’s top finishers included:200-yard medley relay: Leah Stevens, Katie Walton, Jessica Cohen and Haley Sattler, eighth in 2:17.64.200-yard freestyle: Jessica Cohen, 11th in 2:19.61.50-yard freestyle: Leah Stevens, 10th in 29.14.100-yard freestyle: Jessica Cohen, fourth in 1:01.62.200-yard freestyle relay: Rebeckah Trowbridge, Kira Kennedy, Kaitlyn Britt and Haley Sattler, 11th in 2:23.13.100-yard backstroke: Leah Stevens, 12th in 1:14.78.400-yard freestyle relay: Leah Stevens, Katie Walton, Madie Young and Jessica Cohen, eighth in 4:38.38. Bio Taylor VorthermsSports Editor at The Ellsworth AmericanTaylor Vortherms covers sports in Hancock County. The St. Louis, Missouri native recently graduated from the Missouri School of Journalism and joined The Ellsworth American in 2013. Part 1: Invisible, incapacitating concussions are sidelining high school athletes – July 19, 2016 Part 2: When the injury is inside your head, some “don’t get it” – July 26, 2016 Latest Posts Latest posts by Taylor Vortherms (see all)
A Florida man has been arrested after he allegedly broke into a resident’s home and began making himself breakfast.The incident was reported Tuesday around 4:00 am.The Pinellas County Sheriff’s Office says the resident told them that he woke up to find the suspect in his kitchen making breakfast. When the suspect noticed the resident, he then told the resident to “go back to bed.”The resident then contacted the police and the suspect fled the scene.Authorities were able to track down the suspect in a wooded area behind the home. The suspect has since been identified as 19-year-old Gavin Crim.It was reported that Crim, who is a Marine, entered the home through an unlocked backdoor. Authorities believe that the alcohol may have been involved.