
Dementia currently affects 1 in 14 people in the UK. Many people will either know someone with dementia, have had to support and care for someone with dementia or have been diagnosed themselves.
But panic not - what this actually means is that, from that date IPSs will be known as either “community benefit societies” or “co-operative societies”, depending on how they designated themselves when they were formed. And, it only applies to societies registered (with the Financial Conduct Authority) after 1 August 2014. Those registered before then will be known as “Pre-2010 Act Societies” (although, in practice, they will probably call themselves “community benefit” or “co-operative” societies, for consistency). The change in terminology essentially aims to update the rather outdated and dusty term “industrial and provident society”, replacing it with descriptors that are already widely used (particularly by IPSs outside the housing sector, where co-ops are more common).
More thrillingly, for those who have to deal with the administrative side of IPSs, is the news that the Financial Conduct Authority will (from 6 April) accept applications for new registrations by email. The process for doing this is to be clarified, and it will still be subject to the FCA’s standard 15-working day processing time, but it is a clear step towards modernisation. The National Housing Federation (whose consent is needed by societies using the NHF’s Model Rules) is apparently also getting on the “electronic submission” bandwagon. Exciting times indeed for IPSs!
Gemma Bell is an associate at Anthony Collins Solicitors.
Contact Gemma Bell on gemma.bell@anthonycollins.com or 0121 214 3596.
Dementia currently affects 1 in 14 people in the UK. Many people will either know someone with dementia, have had to support and care for someone with dementia or have been diagnosed themselves.
The 2022 Code replaces the NHF Code of Conduct 2012 (the 2012 Code) and sets out the baseline standards that the NHF expects of its member registered providers (RPs).
The High Court has dismissed a challenge by the Police Superintendents’ Association to the closure of legacy public sector pension schemes.
In my recent blog, I said that we would be issuing a series of ebriefings and blogs highlighting issues with the Procurement Bill. This is the first of these.
Contractors and delivery partners are facing a ‘perfect storm’ in many cases with a number of factors directly impacting upon the profitability of their work.
Worker status, like Piers Morgan, is one of those things that we think has gone away and then it pops up again!
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For those of us who have endured a choppy cross channel journey, the mention of P&O Ferries will invoke some nauseous memories.
Successive generations have witnessed seismic shifts in the workplace; post-war it was the return of the soldiers and the impact on working women who had to work in their place.
In this podcast, Puja Desai interviews Kimberley Foster and discusses her experience with counselling. This is a really helpful podcast for anyone who has thought about counselling.