Average salary in property is now £58,633 and grew 12% last year, it is claimed

first_imgHome » News » Agencies & People » Average salary in property is now £58,633 and grew 12% last year, it is claimed previous nextAgencies & PeopleAverage salary in property is now £58,633 and grew 12% last year, it is claimedSalary research by RICS also reveals that gender pay gap at junior levels has narrowed to 3.5% but on average across industry remains shockingly high.Nigel Lewis12th March 20180814 Views A salary poll of property professionals has revealed that pay rises for qualified estate agents are currently at a ten-year high and that the gender pay gap is narrowing among junior agents, but still shockingly wide at the top.These claims are made by the Royal Institution of Chartered Surveyors (RICS) after it canvassed 7,000 professionals across all sectors of the property industry including sales and lettings agents, valuers and block managers.RICS says that across the industry the average salary for its members grew by 12% or £6,271 last year – when total remuneration packages are taken into account – to an average of £58,633.The extra cash is being spread across all regions of the UK, too, with Northern Ireland enjoying the steepest pay rises, followed by London and the South East.Bonuses levels increased last year too and now average £15,703, says RICS.The RICS & Macdonald Salary Survey also looked at the gender pay gap within the industry. Last year female property professionals under 26 years old were paid 3.5% less than their male counterparts, but overall the gender pay gap across the industry is 30%.The property sector also appears to be in relatively rude health. Half of the respondents to the survey said their company was expecting to increase headcount this year.Average salary in property“More employers are placing [a] greater focus on attracting and retaining talent, with attractive pay and benefit packages,” says Barry Cullen, RICS’ Diversity and Inclusion Director.“For the property profession to be a world leader in Diversity and Inclusion we need to place diversity at the heart of an organisation and ensure we retain our talent and build off the great advances we are seeing with our younger professionals.”RICS doesn’t say how many women versus men work in the industry. But if last year’s The Negotiator conference is an indicator, then women are still a minority within the industry.Of all the delegates visiting the conference, registration records suggest two thirds were male. March 12, 2018Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021last_img read more

Research Program Coordinator

first_img Salary Not Specified Research Administration Not specified Full Time jobs in Baltimore The successful candidate(s) for this position will be subject to apre-employment background check.If you are interested in applying for employment with The JohnsHopkins University and require special assistance or accommodationduring any part of the pre-employment process, please contact theHR Business Services Office at [email protected] For TTYusers, call via Maryland Relay or dial 711.The following additional provisions may apply depending on whichcampus you will work. Your recruiter will adviseaccordingly.During the Influenza (“the flu”) season, as a condition ofemployment, The Johns Hopkins Institutions require all employeeswho provide ongoing services to patients or work in patient care orclinical care areas to have an annual influenza vaccination orpossess an approved medical or religious exception. Failure to meetthis requirement may result in termination of employment.The pre-employment physical for positions in clinical areas,laboratories, working with research subjects, or involvingcommunity contact requires documentation of immune status againstRubella (German measles), Rubeola (Measles), Mumps, Varicella(chickenpox), Hepatitis B and documentation of having received theTdap (Tetanus, diphtheria, pertussis) vaccination. This may includedocumentation of having two (2) MMR vaccines; two (2) Varicellavaccines; or antibody status to these diseases from laboratorytesting. Blood tests for immunities to these diseases areordinarily included in the pre-employment physical exam except forthose employees who provide results of blood tests or immunizationdocumentation from their own health care providers. Anyvaccinations required for these diseases will be given at no costin our Occupational Health office.Equal Opportunity EmployerNote: Job Postings are updated daily and remain online untilfilled.EEO is the LawLearn more:https://www1.eeoc.gov/employers/upload/eeoc_self_print_poster.pdfImportant legal informationhttp://hrnt.jhu.edu/legal.cfm You need to sign in or create an account to save Salary Not Specified Maryland, United States Facebook Share Maryland, United States Apply(This will open in a new window from which you will be automatically redirected to an external site after 5 seconds) Administrative Not specified Full Time jobs in Baltimore Save Research Program Coordinator Johns Hopkins University Johns HopkinsBayview GeneralSummary/PurposeThe Research Program Coordinator will providelogistical and scientific support for CFORWARD, a new researchstudy to assess barriers to COVID-19 testing and preventionmeasures in Baltimore City.Specific Duties &ResponsibilitiesAssist with day-to-day research and programmaticactivities for researchproject(s)Contribute inthe development of standard operating procedures based on resultsand goals of the study(s) asneeded.Assist withcommunication activities among research and programmaticpartnersOrganize andparticipate in conference calls and meetings, taking andcirculating meeting minutes asneededAssist indrafting/editing/proofing/presenting key research findings inwritten, oral and PPT format asneededWork withproject team to develop data collection tools and protocols for theresearch projectAssist withdata collection in the field including phoneinterviewsEnsureadherence to protocols acrossinterviewersCoordinateand assist with quantitative dataanalysisAssist withpreparation for internal/external regulatory required materials(e.g. IRB)Assist withdata management activities, including design, creation, andmanagement of program/study databases, data collection and editingand compilation of data filesAssist withreporting to funders and progress reporting to widerteamParticipatein drafting/writing of scientific manuscripts and conferenceabstracts as neededOther dutiesas neededMinimumQualificationsBachelor’s degree required. Some relatedexperience.Additional related experience may substitute forrequired education, to the extent permitted by the JHU equivalencyformula.JHU Equivalency Formula: 30 undergraduate degreecredits (semester hours) or 18 graduate degree credits maysubstitute for one year of experience. Additional relatedexperience may substitute for required education on the same basis.For jobs where equivalency is permitted, up to two years ofnon-related college course work may be applied towards the totalminimum education/experience required for the respectivejob.PreferredQualificationsExperience working with REDCap, experience withprimary data collection.Special Knowledge, Skills, andAbilitiesGood written & verbal communication andinterpersonal skills. Experience with survey design and datamanagement. Strong administrative skills and attention todetail.Classified Title:Research ProgramCoordinatorWorking Title: Research ProgramCoordinator ​​​​​Role/Level/Range: ACRO40/E/03/CD Starting Salary Range:$16.26 – $22.35; Commensuratewith experienceEmployee group: Full Time Schedule: Monday-Friday, 8:30am-5:00pm; Up to 40 hrs/ weekExempt Status: Non-ExemptLocation: 33-MD:Johns Hopkins Bayview Department name: 10003110-SOM Ped Bay Bayview Pediatric UnitPersonnel area: School of MedicineThe successful candidate(s) for this position will be subject toa pre-employment background check.If you are interested in applying for employment with The JohnsHopkins University and require special assistance or accommodationduring any part of the pre-employment process, please contact theHR Business Services Office [email protected] For TTYusers, call via Maryland Relay or dial 711.The following additional provisions may apply dependingon which campus you will work. Your recruiter will adviseaccordingly.During the Influenza (“the flu”) season, as a condition ofemployment, The Johns Hopkins Institutions require all employeeswho provide ongoing services to patients or work in patient care orclinical care areas to have an annual influenza vaccination orpossess an approved medical or religious exception. Failure to meetthis requirement may result in termination of employment.The pre-employment physical for positions in clinical areas,laboratories, working with research subjects, or involvingcommunity contact requires documentation of immune status againstRubella (German measles), Rubeola (Measles), Mumps, Varicella(chickenpox), Hepatitis B and documentation of having received theTdap (Tetanus, diphtheria, pertussis) vaccination. This may includedocumentation of having two (2) MMR vaccines; two (2) Varicellavaccines; or antibody status to these diseases from laboratorytesting. Blood tests for immunities to these diseases areordinarily included in the pre-employment physical exam except forthose employees who provide results of blood tests or immunizationdocumentation from their own health care providers. Anyvaccinations required for these diseases will be given at no costin our Occupational Health office.Equal Opportunity EmployerNote: Job Postings are updated daily and remain online untilfilled.EEO is the LawLearn more:https://www.eeoc.gov/sites/default/files/migrated_files/employers/poster_screen_reader_optimized.pdf Save Research Program Coordinator Johns Hopkins University You need to sign in or create an account to save Research Program Coordinator Academic Affairs Not specified Full Time jobs in Baltimore Twitter Research Program Coordinator Maryland, United States Johns Hopkins University You need to sign in or create an account to save Salary Not Specified Save Research Program Coordinator LinkedIn Similar jobs Research Program Coordinator More searches like thislast_img read more

Oxford University tops global rankings for fourth year running

first_imgThe University of Oxford ranked first in the Times HigherEducation (THE) World University Rankings for the fourth year running. Despite improvements reported across Europe by theorganisers, with Italian representation improving and Germany remaining strong.The German government’s Excellence Initiative, which gives additional fundingto universities, is reported to have helped in this respect, sas have EuropeanUnion research grants. China is the leading Asian contender, with TsinghuaUniversity and Peking University at numbers 23 and 24 respectively, withseveral universities rising in the ranks since 2019. Meanwhile, Brunei, Cuba, Malta, Montenegro, Puerto Rico andVietnam were among the countries to be represented for the first time in thisyear’s rankings, which include almost 1,400 universities in more than 92countries. However, they warn “the UK faces declines” despitecontinuing to occupy two of the top three places. They note that the UK has 28universities in the top 200, six fewer than in the 2016 rankings – and that 18of the 28 have fallen in the rankings since last year. According to the data provider, the classification is theresult of a compilation of “13 carefully calibrated performance indicators”which include “teaching, research, knowledge transfer and internationaloutlook.” The 2020 list sees the University of Cambridge fall to thirdplace, behind the California Institute of Technology in the United States,which is up three places from last year. The rest of the top ten is comprisedentirely of American universities, including Harvard, Stanford and Yale – apartfrom Imperial College London, which falls one place from its 2019 ranking tostand in tenth place. last_img read more

Eagles Playoff Glass Half Full Despite 6-0 loss to Dallas

first_imgOne of the nice things about being a football fan is that whatever you may think about your team or your team’s opponent, there will be a differing opinion to be considered.When OCNJDaily visited Lincoln Financial Field yesterday, there was plenty of disappointment, to be sure. At the same time optimism reigned among fans who braved single digit temperatures and a biting wind to cheer on the top-seeded Birds.“There’s no reason not to be confident,” said Nick Foles, the Eagles former backup who made his third start following a season-ending knee injury to Carson Wentz, a league MVP candidate. The game, which meant nothing for the Eagles playoff seeding or conference and division standings, was won by Dallas, 6-0.Cold weather didn’t hinder attendance at many tailgates.Of course, pessimistic fans would say the reason not to be confident was Foles himself, particularly after a spotty quarter of play and a quarterback rating rivaling the temperature.Nevertheless, the Eagles finished 13-3, tied for their best record in history with the 2004 Super Bowl team. They have a bye for Wildcard Weekend and will face either the New Orleans Saints, Atlanta Falcons or Carolina Panthers. In keeping with our theme, you could make the argument either way for the Birds’ prospects against any of those three potential playoff foes.On Sunday, fans donned layer upon layer of Eagles gear, put hand warmers in their gloves and ski masks over their faces. They built fires in the parking lot and warmed themselves with coffee, hot chocolate and stronger beverages.“Why would I think about staying home and watching it?” one fan said incredulously. “Eagles home games are the best eight days of the year. And this year it will be the best 10 days.”These Carson Wentz fans made the trip from North Dakota despite their hero’s injury. Groups of North Dakota State/Wentz fans can be seen at every Eagles home game. “We love Philly,” said one. “It’s Fargo East!”Clearly, a glass half-full guy. And he wasn’t alone.“We might not have Wentz, but we have a very good defense, and we have (the fans). This is going to be a tough place for any opponent to come in and win.”A third fan was even more adamant. “None of these teams scare me,” he said. “They should be scared of us.”Another positive, he said, was the debut of rookie defensive back Sidney Jones who had been sidelined with an injury all season, and a promising outing by backup quarterback Nate Sudfeld, who saw his first action in the NFL completing his first six passes.The main thing, the fan continued. “We came out of this game without any injuries.”And so it went. The Eagles have two weeks to fix whatever went wrong with the offense Sunday (pretty much everything) and need only to win one home game to host the NFC Championship game.“Nobody can keep the Eagles from going to the Super Bowl without coming through Philly,” a fan said. “I like our chances.” The action on the field was not stellar, but that did not seem to bother the hardy fans, one of the Eagles’ best assets going into the playoffs.last_img read more

Press release: Scottish people recognised in the Queen’s Birthday Honours 2018

first_img I also welcome the Knighthood for Jim Ratcliffe, chair and chief executive of Ineos Chemical Group, who has built a business empire which contributes so much to the Scottish economy. And I’m pleased to see awards to celebrate the success of individuals in the Winter Olympics and Paralympics including an OBE for Mike Hay, Chef de Mission, Team GB. As Scotland’s most capped footballer and joint leading goal scorer, Kenny Dalglish was rightly crowned ‘king’ by his fans around the world. His glittering achievements in football and dedicated service to communities, including through his unwavering support for the families of the Hillsborough victims and the millions of pounds raised by his family’s cancer charity, mean that ‘King Kenny’ now deservedly becomes a Knight. I am pleased to see the Queen’s Birthday honours recognise the achievements of a diverse and inspiring number of our fellow Scots. From sporting icons to key players in business and academia, these individuals have been influential in shaping our nation. Following on from the publication of the Queen’s Birthday Honours 2018 list today (June 8 2018), Scottish Secretary David Mundell passes on his congratulations to Scottish honourees: I offer my sincere congratulations to these recipients on their worthy honours. What they have accomplished is an inspiration.last_img read more

Second Winter Crop

first_imgLate January and early February are great times to plant cool-season vegetables. Many gardeners gave up on planting a fall vegetable garden last year due to the exceptional drought conditions. However, the great thing about living in Georgia is that we have a second window of opportunity in late winter to plant a number of cool-season vegetables.Cool-season vegetables include beets, broccoli, Brussels sprouts, cabbage, carrots, collards, kale, lettuce, mustard greens, onions, English peas, Irish potatoes, radishes, spinach, Swiss chard and turnips. You can even start planting asparagus roots, asparagus is a perennial plant that takes two years to mature and start producing harvestable spears. Most cool-season vegetables, if planted around the first week of February, will be ready to harvest around early April or May, depending on the variety. By the time you harvest these cool-season vegetables, you can turn the garden over for planting your summer vegetables at the ideal time. Cool-season vegetables are generally very fast growing and are easily planted by direct seeding into the soil. There is no reason to purchase or grow transplants this time of year, since the soil moisture and weather conditions are ideal for seed germination. Transplants are more often used in fall planting, since it’s usually too hot and too dry in late summer or early fall for cool-season vegetables to grow from seed. Most cool-season vegetables are medium to heavy feeders, which means they will require around 20 to 30 pounds of 10-10-10 fertilizer per 1,000 square feet of garden space. Ideally, this fertilizer should be divided into two or three applications (i.e., 10 pounds of fertilizer at planting and at four- to six-week intervals). Because most cool-season vegetables grow close to the ground and have direct contact with the soil, avoid using fertilizer sources such as animal manure that could increase the chance of contamination by foodborne pathogens.It’s also a good idea to do a soil test to determine your soil pH and how much lime you need to apply, if any, to adjust the soil pH. (For more information about submitting samples to the University of Georgia for soil testing, call your local UGA Cooperative Extension office.)A pH of 6.0 to 6.5 is recommended for all vegetables except Irish potatoes, which require a pH of 5.0 to 6.0. If you decide to grow Irish potatoes, dedicate a separate garden space solely to them due to their unique pH requirement.As with all vegetables, try to select a garden site that receives at least eight to 10 hours of sunlight a day. Select a location that is conveniently located near your home and a water supply. The soil should have a good texture and be well drained. Most of the leafy greens and some of the cole crops – those in the Brassica family ­– can also be grown in containers due to their smaller size. Adding a mulch of wheat straw, leaves, compost or pine straw will help conserve soil moisture, control weeds and reduce cultivation. Apply enough mulch to have 2 to 4 inches after settling. Newspaper can also be used as a mulch. Place newspapers two to three layers thick around plants. Apply 3 inches of straw or compost on top of the newspaper. Avoid using hay bales for mulch, since most hay fields are sprayed with herbicides for weed control that could carry over into your garden and kill your plants.  For more information on seeding rates, recommended varieties and row spacing, check out UGA Extension publications “Vegetable Gardening in Georgia” and “Home Gardening” online at extension.uga.edu/publications. More detailed information on home gardening potatoes, lettuce, broccoli, cauliflower, asparagus, Swiss chard, Brussels sprouts and rutabagas can also be found on the publications website.last_img read more

Leagues pile on, joining CUNA’s Equifax lawsuit

first_img continue reading » Three credit union leagues have joined CUNA in its lawsuit against Equifax over the credit bureau’s recent data breach that compromised personal financial information for more than 145 million people.The Credit Union Association of New Mexico, the California-Nevada Credit Union League and the Michigan Credit Union League say they are now plaintiffs in a suit CUNA originally filed in a Georgia District Court on October 4. Army Aviation Center Federal Credit Union and Greater Cincinnati Credit Union are already plaintiffs in the suit.Army Aviation Center Federal Credit Union, headquartered in Daleville, Alabama, has $1.2 billion in assets and about 98,000 members. Greater Cincinnati Credit Union is a state-chartered credit union headquartered in Cincinnati, Ohio. 18SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

Israel’s coalition deal: Political stability with pitfalls

first_imgIsrael’s coalition deal between Prime Minister Benjamin Netanyahu and Benny Gantz breaks a year-long deadlock but has pitfalls — from power sharing mechanisms to West Bank policy and the premier’s corruption charges.Monday’s agreement for a unity government, signed by Netanyahu and parliament speaker Gantz after three inconclusive elections in less than a year, seeks to give the Jewish state desperately-needed political stability as it confronts the coronavirus pandemic.  “After a year and a half of political stalemate and as the country endures one of the most severe economic crises in its history, it is high-time for Israel to have a functioning government,” said Yohanan Plesner, president of the Israel Democracy Institute think-tank.  Implementing the deal will require majority support in Israel’s 120-seat parliament, the Knesset. That is likely to happen, assuming it is backed by Netanyahu’s unified right-wing bloc and most of Gantz’s supporters. Netanyahu will serve as prime minister through the first 18 months of the three-year deal. Gantz will first serve as “alternate prime minister,” a new position that must be created through an amendment of Israel’s so-called Basic Laws. Passing that amendment is a key part of the coalition deal.After 18 months, Gantz takes over as prime minister, with Netanyahu serving as his alternate. Through the first six months, the government will be defined as an “emergency” body focused primarily on containing the COVID-19 pandemic and mitigating the economic devastation it has caused. Israel has more than 13,800 confirmed virus cases, including over 180 deaths, and a nationwide lockdown has left huge numbers of people without an income.Cabinet portfolios are split between the two camps. Key ministries assigned to Netanyahu’s side include finance and interior, while Gantz’s side will control the justice ministry and the position of foreign minister will rotate.The former army chief announced Tuesday evening he would serve as defense minister. Ministers can only be fired if there is agreement from both sides, and the prime minister cannot sack his alternate.  Power sharing  Topics : Netanyahu’s trial The prime minister was due to face trial on charges of bribery, fraud and breach of trust last month. The trial’s start date was postponed to May 24 because of the pandemic. Under Israeli law, a prime minister can continue to serve while under indictment, but a regular cabinet minister cannot. With his trial, including possible appeals, expected to last several years, the veteran premier did not want to be forced out of government when his term expired. His expected transition to alternate prime minister in 2021 likely solves that problem. Netanyahu’s Likud party also retained significant say over the appointment of judges and prosecutors, influence that could help the prime minister as his case moves forward. Legal cases have also been filed by non-government groups seeking to block an individual under indictment from serving as prime minister. Under the coalition deal, if Israel’s top court bars Netanyahu from serving, his agreement with Gantz is dissolved and another election will be called.  West Bank annexationsFor Netanyahu, US President Donald Trump’s plan for Middle East peace offered Israel an “historic” opportunity. The plan — rejected by the Palestinians and condemned by much of the international community — gave Israel the green light to annex Jewish settlements and other strategic territory in the occupied West Bank. Such annexations would violate international law and likely inflame tensions in the volatile region. Gantz had praised Trump’s controversial plan but was more cautious regarding its implementation. The coalition agreement says that any measures regarding Trump’s plan would be executed “in full agreement of the United States,” while maintaining “international dialogue” and “the need to maintain regional stability”.At the same time, with Gantz’s permission, Netanyahu can bring Trump’s annexation plan to cabinet and parliament for discussion and approval from July 1.Palestinian Prime Minister Mohammad Shtayyeh on Monday condemned the formation of an “Israeli annexation government,” saying it marked the end of the two-state solution. But he warned that the Netanyahu-Gantz deal risks creating a government “without a grand vision or clear goals” that would be vulnerable to being bogged down with “cumbersome political agreements.”Here are the main points of the deal:last_img read more

The Grocer Drink Awards deliver the real deal when it comes to great tipples

first_imgGold standard: Fentimans was one of the winners on the nightSadly, David Beckham couldn’t attend The Grocer Drink Awards on Monday. We tried to get him involved, honest, but we hear he’s too busy talking head lice with HuffPost these days.It’s a shame Becks couldn’t make it, because Haig Clubman, the brand the star part-owns with spirits giant Diageo, scooped a gold medal win, thanks to glowing reviews from consumers and expert judges alike.Haig Clubman’s performance in the awards is particularly impressive because the brand goes against all the rules of whisky. There isn’t a whisper of an age statement or Highland region, and its bottle looks, quite frankly, like a posh Eau de Toilette.Meanwhile, the cider win wasn’t scooped by one of the UK’s prestigious West Country cider houses, or even a bestselling own-label offering. Instead, it was won by none other than US whiskey giant Jack Daniel’s for its recently launched Tennessee Cider. A curveball indeed.That’s without mentioning that Aldi raked in three wins for its own-label lines, its Medusa Ruby Red Ale seeing off competition from some seriously well-established brands.But that’s what makes The Grocer’s booze awards (run in association with Cambridge Market Research) stand out, and, I dare say, considerably heightens the stakes. No drink has won its gold medal by virtue of any of its price, marketing or even taste credentials alone.A resounding endorsementWin one of The Grocer Drink Awards, and it’s a resounding endorsement of the whole package, thanks to the fact that bona fide shoppers and experts’ views are weighted equally in our judging process. After all, it’s ordinary consumers who ultimately decide whether booze brands sink or swim.Needless to say, though, the experts we do enlist aren’t just snooty wine snobs and bearded beer geeks. They’re pub owners, bartenders, brewers and buyers – people who genuinely understand the business of selling booze, and what really constitutes ‘great value for money’.It means genuine innovation is celebrated, and smaller and crossover brands that might otherwise get sniffed at by armchair commentators are given a chance to shine.So while this year’s awards are over – and believe me, we saw them through with a bang (I’d wager more than a few hangovers needed a thorough nursing across the drinks industry on Tuesday morning) – they’ve set an exceptionally high benchmark for next year.We can’t guarantee any sports stars will attend, but I hear Conor McGregor’s ‘Notorious’ whiskey may hit shelves in the near future. Perhaps he’ll be ready to challenge another champ by next November.Cheers!last_img read more

BT mulls contingent asset deal as pension deficit swells

first_imgBT, the UK communications giant, is considering a contingent assets deal with its £50bn (€57.3bn) pension scheme as it tries to rein in a growing deficit.In its annual report for 2016-17, BT said it was considering “a number of options” for addressing the scheme’s £7.6bn shortfall as it prepares for its triennial actuarial valuation.“These options include considering whether there are alternative approaches to only making cash payments, including arrangements that would give the BT Pension Scheme [BTPS] a prior claim over certain BT assets,” the annual report said.The report gave no further details, but according to Richard Farr, director at Lincoln Pensions, an employer covenant specialist, there were a variety of options open to both parties if BT wanted an alternative to cash contributions.  However, some options were less appealing than others, he said.“The UK network is BT’s biggest asset, but why would the trustees want security over that if that’s what causes a future problem?” Farr said.Instead, the trustees might prefer a guarantee secured by assets not correlated to the UK business, such as subsidiary companies in other countries.“The key question is what value and flexibility can BT obtain from the negotiations and how will the stock market price the impact on BT’s ability to manage its business effectively,” Farr added.Holding assets directly linked to the employer can also reduce a scheme’s annual payments to the Pension Protection Fund, depending on the type of asset and strength of the guarantee.Contingent assets deals are often linked to property, but some employers have found more novel ways of guaranteeing pension scheme funding.In 2013, the Dairy Crest Group Pension Fund struck a deal with its sponsor, Dairy Crest, giving it “a floating charge over maturing cheese inventories with a maximum realisable value of £60 million”.Three years earlier, drinks giant Diageo agreed a joint investment deal with its pension fund to invest in whisky.BTPS’s only direct investment link to its sponsoring employer – according to the annual report – was a £10m allocation to index-linked bonds issued by BT. The annual report did not give any detail about this investment.Any contingency asset deal would have to be signed off by the Pensions Regulator (TPR). Responding to the mooted BT arrangement, Charles Cowling, director at consultancy firm JLT Employee Benefits, highlighted a recent shift in focus by TPR that could see it scrutinise funding arrangements to ensure an adequate balance between deficit contributions and dividend payments.BT is one of the highest-yielding companies in the FTSE 100, according to Morningstar. In the last three financial years, the company paid out £3.4bn to shareholders while contributing £2bn to the scheme in deficit reduction payments, on top of its regular contributions.BTPS achieved a 21% investment return in the 12 months to 31 March, the sponsor reported. However, this strong performance was effectively wiped out by a falling discount rate, which meant the scheme’s deficit still climbed by £2.4bn.“The return reflects strong asset performance across all asset classes, in particular equities and government bonds which increased by 16% and 23% respectively,” BT said.last_img read more