Zeitschriftenartikel zum Thema „Pension trusts – great britain“

Defined benefit pension plans have played an important role in pension sectors of developed countries in North America, Great Britain and Western Europe for several decades. However, with the beginning of the 21st century, altered demographic trends and global financial market fluctuations have significantly disrupted the financial position of defined benefit pension plans. The aim of this paper is to examine the long-term movement of indicators of the importance of defined benefit pension plans in the pension systems of four developed countries: the United States, Canada, the Netherlands and Great Britain. In these countries defined benefit pension plans still have an important role. The analysis shows that the number of occupational defined benefit pension plans in private sector in the observed countries is declining, along with the continuously decreasing number of participants and increasing problems in achieving a sustainable financial position in the long run.

The Great Recession of 2008–09 caused an array of fiscal challenges for state and local governments in the US, including the underfunding of pensions and retiree health benefits (Joyce, 2013). It is estimated that in 2009 the 61 largest cities in the US had unfunded pension and retiree health benefits liabilities equal to $217 billion (The Pew Charitable Trusts, 2013). Given these constraints, we are primarily interested in understanding the effects of institutional factors, more specifically the role of tax and expenditure limitations (TELs), on pension and other post-employment benefit (OPEB) funding. Recent studies have examined the effects of pension liabilities on bond ratings (Martell, Kioko and Moldogaziez, 2013), the effects of state budget stabilization funds on pension contributions (St. Clair, 2013) and political and institutional effects on pension plan management (Gehl, Willoughby and Bell 2013); (Chen, Ebdon, Kriz and Laforge, 2013). What is less understood is the role played by institutional structures such as form of government and state-imposed tax and expenditure limitations on pension or OPEB funding before, during and after the recession. Our findings suggest that municipal TELs are statistically associated with OPEB funding, meaning that municipalities with stricter TELs had lower OPEB funding ratios. Just as importantly, we find that during this period, municipalities with mayor-council forms confronted with stricter TELs had better funded pensions and OPEBs than in cities with similar TELs but with manager-council forms of government.

Quasi-compulsory participation in occupational pension schemes on example of Great Britain: opportunities and threatsThe purpose of this article is to identify the opportunities and threats associated with compulsory or quasi-compulsory participation in occupational pension schemes based on the literature review of the subject and the comparative studies of the effects of introducing such solutions in selected countries UK, Ireland. On this basis, conclusions and recommendations will be made regarding the proposed introduction of similar solutions in the Polish pension system.

The main reason for the reform of the Czech pension system is the unfavourable demographic situation. The pensions in the Czech Republic are still financed through pure Pay As You Go system which is outdated. Firstly there are described the basic definitions and functions of the pension system. As well the circumstances leading to the origin of the alternative pension models are introduced. The next parts present the today trends in European pension systems and include the characteristics of the pension systems in Germany, Great Britain, Sweden and the Czech Republic. The most important, fourth part of the paper evaluates the particular aspects of chosen countries in connection with their possible implementation into the Czech pension system.

The article considers the process of forming conceptual foundations of pension legislation in Russia, France, and Great Britain. The scientists of 17-18th centuries substantiated the right to life and human dignity as the most important human rights. Later, in 19-20th centuries, the right to a dignified existence, the right to assistance from the state in case of disability were formulated. The need for the livelihood of the elderly was recognized by most authors, however, there were serious discrepancies regarding the methods for provision and sources of financing payments. The article considers the pension laws adopted in Great Britain, France, and Russia in the first half of the 20th century that reflected the above concepts anyway. The French pension legislation has embodied the insurance model of pension security and was strongly influenced by Bismarck legislation, while the British one reflected the legislator’s desire to abandon the extremes of the ideology of individualism and ‘self-help’ through the introduction of state budget pensions. In Russia, the origin of compulsory social insurance took place almost simultaneously with Western European countries; however, this process was broken by the revolutionary events of 1917. As a result, a state budgetary pension system was created in Soviet Russia. The author comes to the conclusion about the mutual influence of various models of pension protection, legalized in the first half of the 20th century in the countries under consideration, as well as the special role of social solidarity concepts and the generational contract for the formation of these models.

The article substantiates the nature of the national models of the pension system and its structure in accordance with the concept of the Organization for Economic Co-operation and Development (OECD). The basis of the national models of pension system are two well-known models of social security: Bismarck and Beveridge Social Insurance Systems. Thus, authors prepared the comparison of this models. The features of pension system in the countries of Europe (Germany, Great Britain, Sweden, Poland), the United States and Chile are analysed. The analysis of the national models of the pension system in Asian countries identifies three institutional patterns: the statist pension system (Taiwan and China), the dualist pension system (Japan and Korea) and individualist pension system (Hong Kong and Singapore). Based on trends of development of pension provision in foreign countries, authors determine the main tasks and ways to improve the domestic system, namely, introduction mandatory funded pension system and reforming the voluntary private pensions insurance.

Abstract At the turn of the millennium, Germany and the United Kingdom experienced the most severe crises of their pension systems since the Second World War. In both cases, politicians reacted with extensive reforms. The political debates in each country revolved around the notion that demographic ageing was at the root of the crises. Hence, the call for greater intergenerational equity became the key justification of fundamental pension-system reform. But a comparative historical analysis reveals that it is a vast oversimplification to blame the pension crises entirely on demographic ageing. In fact, a combination of other factors—which varied widely between the UK and Germany—far overshadowed the ‘demographic time-bomb’ as the driving force behind the crises. A prime factor in the UK was the declining value of the Basic State Pension and the growing importance of means-tested benefits, along with the decline of company pension schemes. By contrast, the problems facing the pension system in Germany primarily arose from rising unemployment, the systematic early retirement of millions of eastern Germans and the high costs of German unity, which were largely borne by the social-security system. Furthermore, in the debate on Germany’s ability to remain a thriving centre for business and industry, rising pension contributions were widely held responsible for declining competitiveness. In both countries, politicians seized upon the explanatory model of demographic ageing because it made sweeping reforms of the pension system appear the consequence of a quasi-natural process, and created a welcome opportunity to divert attention from socio-political blunders.

In the continuous discussion of how and how much Lloyd George was influenced by Germany in formulating Old Age Pensions and National Insurance, attention seems to have been almost wholly diverted from the degree to which the Danish example was discussed, recommended and clearly present in the consciousness of those who made the British Old Age Pension Act of 1908. There is no discussion of the issue in the standard work on the subject, Bentley B. Gilbert's The Evolution of National Insurance in Great Britain, (London, 1966) nor even any mention of “Denmark” in the index. The subject is likewise missing from Francis H. Stead's How Old Age Pensions Came to Be, (London [? 1910]), which Gilbert calls “indispensible.” Patricia Mary Williams barely mentions the subject in her detailed dissertation, “The Development of Old Age Pension Policy in Great Britain, 1878-1925” (University of London, 1970), and does not even do that much in the book she wrote under the name Pat Thane, Foundations of the Welfare State (Essex, 1982) nor in the chapter on old age pensions in the book she edited, Origins of British Social Policy (London, 1978). Hugh Heclo in Modern Social Politics in Britain and Sweden (New Haven, 1974) mentions (p. 167) that the proposals of the commission in 1899 “resembled” the Danish system, but Heclo does not say how or why, and then never mentions the subject again. John Grigg, in his biography of Lloyd George is concerned with the man more than the issue, and does not analyze the source of the ideas behind the old age pension bill of 1908 in his Lloyd George, The People's Champion (Berkeley, 1978).

Abstract The Riester pension was well thought out, but badly done. It is primarily the agents and insurance companies who benefit from Riester, while consumers hardly benefit at all – and if they do, it is only because of the generous state subsidy. The reform proposals to date do not eliminate the deficits, but are rather a restructuring plan for the supply side. However, private pension contracts should also pay off without subsidies. State-organised standard products in Sweden or Great Britain show how such efficiency can be achieved. The German “Verbraucherzentrale Bundesverband” has made a suggestion in this respect, the “Extrarente”: a public body pools consumer demand and can thus cost-effectively organise their capital investment on a share scheme basis.

Background. Although using computed tomography (CT) can be greatly beneficial, the associated relatively high radiation doses have led to growing concerns in relation to potential associations with risk of future cancer. Very little has been published regarding the trends of CT use in young people. Therefore, our objective was to assess temporal and other patterns in CT usage among patients aged under 22 years in Great Britain from 1993 to 2002.Methods. Electronic data were obtained from the Radiology Information Systems of 81 hospital trusts within Great Britain. All included patients were aged under 22 years and examined using CT between 1993 and 2002, with accessible radiology records.Results. The number of CT examinations doubled over the study period. While increases in numbers of recorded examinations were seen across all age groups, the greatest increases were in the older patients, most notably those aged 15–19 years of age. Sixty percent of CT examinations were of the head, with the percentages varying with calendar year and patient age.Conclusions. In contrast to previous data from the North of England, the doubling of CT use was not accompanied by an increase in numbers of multiple examinations to the same individual.

During the Napoleonic Wars the British government implemented a pension scheme for discharged soldiers and after 1816 extended benefits to veterans who chose to remain in various colonies throughout the empire. The Chelsea Hospital kept colonial pension applicant information (most of whom were born in Great Britain and Ireland) within specific admission books, now housed in the UK National Archive. The first admission book covers the years 1817 to 1826 and in addition to detailing the service of individual soldiers, points to a particular method of imperial migration where some soldiers appeared to have employed the army to escape socio-economic conditions at home permanently while continuing their association with the British army and state once abroad. Four case-studies involving Irish soldiers are highlighted in order to demonstrate this point. The Irish soldiers are noteworthy because they are over-represented among those veterans who opted to remain in the colonies.

Reviewing the policy pursued by a prominent Russian statesman, head of the foreign policy department during the reign of Empress Elizaveta Petrovna, Chancellor Alexey Bestuzhev-Ryumin, the author assesses his relations with the British ambassadors in the period between 1746 and 1756 somewhat differently compared to other historians. Great Britain, which was actively participating at that time in the War of the Austrian Succession (1740–1748), and then, preparing for the Seven Years’ War (1756–1763), negotiated the lease of the Russian auxiliary military corps in exchange for the payment of cash subsidies. Alexey Bestuzhev-Ryumin played an active role in the negotiation process. However, whose interests was he protecting and was his service in a high public office entirely selfless? From the analysis of diplomatic correspondence between British ambassadors and the Secretary of State, the author concludes that Alexey Bestuzhev-Ryumin supported the British more often than not, as he was in the secret service of the British government. This is confirmed by the actions of the Chancellor, aimed at accelerating negotiations on subsidies in the interests of Great Britain, seeking to reduce their size, supporting the privileges of English merchants to the detriment of Russian interests, as well as supplying ambassadors with secret information about the armed forces of the country. The biography of the Chancellor, containing a number of dubious facts, such as documents forged by his father to prove the English ancestry of his family, an unusual acquaintance with the future King George I of Great Britain and service under him, receiving a permanent pension and expensive gifts from the British, suggests that Alexey Bestuzhev-Ryumin was recruited by the British while in the service of King George I, and therefore frequently acted in the interests of Great Britain.

In Georgia, A pension fund includes pension contributions made by employers, employees, the government, as well as any investment returns, gains or losses accrued on pension assets. The amount of accumulated funds depends on the amount of individual contributions, the profit of the fund and the number of participants. The pension system is a source of long-term financial resources, which contributes to the development of the capital market, the latter having a positive effect on the country's economy. Implementation a private pension system in our country is the most optimal decision, which will improve the long-term pension provision of pensioners. Countries in a situation similar to Georgia do not have to invent any radical innovations in the mentioned field, because European countries have a rich and diverse experience in the development of the social sphere. Sharing their experience is enough to develop your own model and successfully implement it in practice. Due to the great importance of pension funds, their accounting and reporting were included in the international accounting standards from the beginning. The first standard to regulate pension accounting with international practice - Statement of Standard Accounting Practice (SSAP) 24 - was created in Great Britain, which was launched in 1988 and remained for 12 years. The present value of the expected future payments under the pension program can be calculated and presented based on the current salary level, or on the basis of the projected salary level of the plan participants covering their entire period of service until retirement. In many countries, actuarial valuations are carried out at least every three years. If the actuarial valuations are not ready by the reporting date, the actuarial valuations of the nearest period are used as the base of the calculations and the valuation date is indicated. The management of pension funds are responsible for preparing and submitting financial statements of these funds. The government of the pension agency in Georgia are: the director, the supervisory board, the investment board and the senior investment officer. The director's responsibility is to ensure the continued operation and management of the agency. Pension Agency of Georgia presented the interim financial statements of the accumulative pension scheme as of June 30, 2022 and 2021, which include: financial statement; Statement of changes in net assets and explanatory notes to financial statements. The presented financial statements are prepared in full compliance with International Financial Reporting Standards ("IFRS"): IAS 26 - Accounting and Reporting for Pension Programs. The approved budget of the pension fund for 2022 amounts to 8,115 million GEL, which is financed by the annual service fee of pension assets, within the scope of the powers granted by the law. 65% of the budget is intended for agency management and administrative activities, and 35% for investment activities. This indicates that the management and administrative costs of the agency are presented in a large volume. It is necessary to increase investment assets at the expense of reducing them, which will contribute to the increase in profitability. Thus, it is essential that pension fund accounting reflects the long-term nature of pension liabilities and assets. They need to be reflected in order to assess the pension provision of the participants. Pension liabilities evolve over time, accounting standards use a mixed model approach, and therefore it is necessary to choose a model in which pension assets and pension liabilities are accounted for consistently. For accounting recognition, the plan value of the assets must be reduced to reflect the long-term pension liability. If pension assets are accounted for on the basis of discounted cash flows, this implies that the long-term nature of the investment planned to meet the pension obligation is accounted for in the same systematic manner as pension liabilities.

A famous appendix, devoted mainly to the state of English roads, appeared in the second volume of Daniel Defoe’s Tour thro’ the Whole Island of Great Britain (1724–26). Though cited on countless occasions by historians over almost three centuries, the text has never been properly edited with detailed attention to its coverage of the newly emergent method of maintaining roads through the establishment of turnpike trusts. In default, this study seeks to describe major features of the account, to indicate its timeliness, and to set out the factors which enabled Defoe to provide an unrivalled picture of the communications network of his time. The appendix carries even more weight because it fills out a comprehensive survey of road conditions throughout the text, as part of the author’s overall design in the Tour. This shows the interdependence of separate regions of the country, bound together in a system centred on London.

INTRODUCTION This observational study was carried out to establish how surgeons performing laparoscopic cholecystectomy currently deal with the issue of spilled gallstones. MATERIALS AND METHODS A questionnaire was circulated amongst laparoscopic surgeons attending the annual conference of the Association of Laparoscopic Surgery of Great Britain and Ireland in November 2006. RESULTS Eighty-two surgeons completed the questionnaire. Only half of surgeons inform patients when gallstones are spilled. Less than 30% of surgeons inform general practitioners (GPs) of this complication, when it occurs. Less than a quarter of surgeons include this information in the consent literature provided to patients. CONCLUSIONS We recommend that trusts review their policy towards spilled stones either by local audit or adopt the guidance given by the UK Healthcare Commission. While some surgeons feel informing patients and GPs may unnecessarily heighten anxiety from an uncommon complication, our review of the literature suggests this position is not tenable in the current medicolegal climate.

INTRODUCTION In 1999, a survey was published detailing the management of varicose veins by members of the then Vascular Surgical Society (VSS). Since then, newer methods for treating varicose veins have been developed and far more explicit rationing has been introduced in the NHS. SUBJECTS AND METHODS In order to examine whether there had been a significant change in established practice in the UK, a questionnaire was sent to all Vascular Society of Great Britain and Ireland (VSGBI) members in the 2004 yearbook by E-mail or post. RESULTS Of the 426 questionnaires distributed, a 69% response rate was achieved. Of respondents, 97% treated varicose veins in their NHS practice, whilst 88% did so in private practice. Some 73% used hand-held Doppler assessment in the clinic and 96% used duplex ultrasound assessment selectively. Despite UK National Institute for Health and Clinical Excellence (NICE) guidelines, only 68% said that their primary care trusts funded treatment of symptomatic varicose veins, while 93% did so for complications. In either NHS or private practice, respectively, 83% or 72% of responders offered surgery as preferred treatment for primary varicose veins, while 14% or 20% preferred endovascular treatments (endovascular laser treatment, radiofrequency ablation and foam sclerotherapy). Of responders, 17% did not follow-up patients after treatment. CONCLUSIONS This survey suggests that there is rationing of access to care for symptomatic varicose veins. Despite publicity for endovenous techniques, surgery remains the preferred treatment for varicose veins in the UK.

Objectives A variety of endovenous therapies for the treatment of superficial venous incompetence are currently available. The aim of this study was to evaluate the prevalence of endovenous techniques used by consultant vascular surgeons in the United Kingdom. Methods An anonymous online survey of 16 multiple choice questions relating to the nature and provision of treatment for varicose veins was devised. Consultant members of the Vascular Society of Great Britain and Ireland were invited to participate by email. Results A total of 108/352 (31%) surgeons completed the survey. The majority offered surgery as the first-line treatment for primary great saphenous vein (GSV) and small saphenous vein (SSV) incompetence (69% and 74%, respectively). Endovenous procedures were offered as first-line treatment by 32/108 (29.6%) for GSV reflux, 36/51 (70.6%) surgeons performed these under local anaesthetic and 21/51 (41.2%) were performed as an outpatient procedure. The most important factor influencing treatment decisions was considered to be patient preference by 77/108 (71.3%) surgeons, although 48/61 (78.7%) respondents were restricted by primary care trusts with regard to endovenous treatments, and 33/108 (30.6%) offered different treatments to private patients. Conclusion Traditional surgery remains the most commonly offered treatment for patients with varicose veins. The provision of endovenous therapies varies greatly, and there are significant differences in local availability regarding these treatments.

INTRODUCTION Recent research confirms that uncomplicated varicose vein surgery provides significant benefits in terms of quality of life compared to conservative treatment at a relatively small cost. There appear to be major variations in indications for treating varicose veins across the UK and this seems to be based mainly on financial restraint imposed by local Primary Care Trusts (PCTs). This survey was aimed at quantifying this variation. MATERIALS AND METHODS An E-mail questionnaire was sent to 245 surgical members of the Vascular Society of Great Britain and Ireland across the UK. The main questions asked were aimed at finding out whether surgeons were having any restrictions imposed on them by their local PCTs with regard to treatment of varicose veins. RESULTS A total of 109 surgeons replied (44% response rate). Of these, 64% of surgeons had restrictions set upon them by their local PCTs; however, 62% of surgeons under restrictions still offered surgery for symptomatic uncomplicated varicose veins. Restrictions varied from 100% to 0% across different regions in the UK. CONCLUSIONS Many patients are denied surgical treatment for their symptomatic uncomplicated varicose veins according to where they live in the UK regardless of their symptoms.

The Guinness Book of Records once claimed that the number π to a million decimal places, printed in full and bound in book form, was the Most Boring Book in the World. To the uninitiated, the Department of Trade Returns of U.K. life offices must seem to be in the same class, and when I chose the topic I wondered if this might affect the welcome which this paper would receive. For anyone with a professional interest in life offices, however, the Returns are too important to ignore. They contain the greatest amount of published data on the U.K. life assurance industry, they form an essential prop of our liberal supervisory system and they ought to be a line of defence against tighter controls.Life assurance has always been unusual in attracting long term contractual savings in large amounts. This was even more true a century ago than it is today, as there were no great pension funds or unit trusts. Human nature being what it is, this led some to view life assurance with more enthusiasm than sense. The mid-nineteenth century saw numerous small life offices set up, many of which were soon in trouble and it became common for such offices to be taken over by others. This was not so bad when the business was transferred to a larger, sounder office but quite often the new proprietor was an office in no better state than that taken over.

INTRODUCTION A survey was carried out to ascertain the current provision of general paediatric surgery (GPS) in all hospitals in England, Wales and Northern Ireland with 100% return rate. The provision of GPS is at a crossroads with a drift of these cases to the overstretched, tertiary referral hospitals. METHODS The regional representatives on the council of the Association of Surgeons of Great Britain and Ireland (ASGBI) obtained data from their regions. Any gaps in the data were completed by the author telephoning the remaining hospitals to ascertain their current provision. RESULTS A total of 325 acute hospitals are potentially available to admit elective and/or emergency paediatric patients, of which 25 hospitals provide a tertiary paediatric surgical service. Of the remaining ‘non-tertiary’ hospitals, 138 provide elective GPS and 147 provide emergency GPS. The ages at which GPS is carried out varies considerably, but 76% of non-tertiary hospitals provide elective GPS to those over the age of 2 years. The ages of emergency cases are 24% over the age of 2 years and 51.5% over the age of 5 years. The age at which surgery is carried out is dependent on the anaesthetic provision. Subspecialisation within each hospital has taken place with a limited number of surgeons providing the elective surgery. ‘Huband-spoke’ provision of GPS to a district general hospital (DGH) from a tertiary centre is embryonic with only 11 surgeons currently in post. An estimate of the annual elective case load of GPS based on the average number of cases done on an operation list works out at 23,000 cases done outwith the tertiary centres. DISCUSSION Almost 10 years ago, a change in the training of young surgeons took place. An increase in training posts in Tertiary centres was made available following advice from the British Association of Paediatric Surgeons (BAPS) but these posts were often not taken up. Many DGH surgeons became uncertain whether they should continue GPS training. A subtle change in the wording of the general guidance by the Royal College of Anaesthetists altered the emphasis on the age at which it was appropriate to anaesthetise children. Change in clinical practice, reducing need, and a drift towards tertiary centres has reduced DGH operations by 30% over a decade. Young surgeons are now seldom exposed to this surgery, and are not being trained in it. The large volume of these low-risk operations in well children cannot be absorbed into the current tertiary centres due to pressure on beds. The future provision of this surgery is at risk unless action is taken now. This survey was carried out to inform the debate, and to make recommendations for the future. The principal recommendations are that: (i) GPS should continue to be provided as at present in those DGHs equipped to do so; (ii) GPS training should be carried out in the DGHs where a high volume of cases is carried out; (iii) management of these cases should use a network approach in each region; (iv) hospital trusts should actively advertise for an interest in GPS as a second subspecialty; and (v) the SAC in general surgery develop a strategy to make GPS relevant to trainee surgeons.

Background In Great Britain, 100,000 injuries due to slips, trips and falls on the level (as opposed to falls from a height, e.g. a ladder) occur in the workplace each year. They are the most common cause of non-fatal injury in the workplace, accounting for 30% of all those injuries reported to the Health and Safety Executive. Nearly 1 million working days are lost because of slips, trips and falls each year. Objectives To assess the clinical effectiveness and cost-effectiveness of 5-star, GRIP-rated, slip-resistant footwear in preventing slips in the workplace compared with usual footwear. Design A two-arm, multicentre, randomised controlled trial with an economic evaluation and qualitative study. Setting Seven NHS trusts in England. Participants NHS staff aged ≥ 18 years, working at least 22.5 hours per week in clinical, general or catering areas who owned a mobile phone. Staff required to wear protective footwear were excluded. Interventions Intervention participants were offered 5-star, GRIP-rated, slip-resistant footwear. The waiting list control group were asked to wear their usual work shoes for the duration of the study and were offered the trial footwear at the end of their participation. Main outcome measures The primary outcome was the incidence rate of self-reported slips in the workplace over 14 weeks. Secondary outcomes included the incidence rate of falls either resulting from a slip or not resulting from a slip, proportion of participants reporting a slip, fall or fracture, time to first slip and fall, health-related quality of life and cost-effectiveness. Results A total of 4553 eligible NHS staff were randomised (2275 to the intervention arm and 2278 to the control arm). In total, 6743 slips were reported [2633 in the intervention group (mean 1.16 per participant, range 0–36 per participant) and 4110 in the control group (mean 1.80 per participant, range 0–83 per participant)]. There was a statistically significant reduction in the slip rate in the intervention group relative to the control group (incidence rate ratio 0.63, 95% confidence interval 0.57 to 0.70; p < 0.001). Statistically significant reductions were observed in falls from a slip (incidence rate ratio 0.51, 95% confidence interval 0.28 to 0.92; p = 0.03), the proportion of participants who reported a slip (odds ratio 0.58, 95% confidence interval 0.50 to 0.66; p < 0.001) or fall (odds ratio 0.73, 95% confidence interval 0.54 to 0.99; p = 0.04) and the time to first slip (hazard ratio 0.73, 95% confidence interval 0.67 to 0.80; p < 0.001). Half of the intervention participants wore the shoes all the time at work. Incremental cost per quality-adjusted life-year in the base case was £38,900 from the NHS perspective and –£60,400 (i.e. cost saving) from the societal perspective. Limitations This was an unblinded trial in which outcome data were participant self-reported, which may have led to inaccuracies in the reported slip data. Exposure to the trial footwear was lower than hoped. Conclusions The offer and provision of 5-star, GRIP-rated footwear reduced slips in the workplace, was acceptable to participants and could be cost-effective. Future work Replication of the study within other settings may be required to evaluate the clinical effectiveness and cost-effectiveness in other environments settings, such as catering and factories. Trial registration Current Controlled Trials ISRCTN33051393. Funding This project was funded by the National Institute for Health Research (NIHR) Public Health Research programme and will be published in full in Public Health Research; Vol. 9, No. 3. See the NIHR Public Journals Library website for further project information. The Health and Safety Executive provided some research costs.

Croatia has been facing a population decline, mainly due to a low birth rate and the emigration of young and qualified workers. Considering the historical and dynamic aspects of emigration (Draženović, Kunovac and Pripužić, 2018), leading to depopulation, it is necessary to investigate all contributing factors in Croatia and explore potential models and measures to mitigate these unfavourable processes. Apart from Germany, Croatian citizens have emigrated mostly to Ireland and Austria since the country acceded to the EU (Pokos, 2017). Research confirms that the number of Croatian citizens who immigrated to Germany, Ireland and Austria in 2016 was, on average, 62% higher than the official data reported by the Republic of Croatia (Jerić, 2019). The increasingly intensive emigration of the young and able-bodied population additionally contributes to a rapidly ageing population, exerting strong pressure on the sustainability of the pension system (Družić, Beg and Raguž Krištić, 2016) and underscores the importance of investigating the reasons for emigration and the factors essential for return. Migration is also an important area of interest for the European Union due to its exceptional impact on all aspects of society. Increased opportunities for mobility, advances in technology that provide access to information sources, and societal changes strongly suggest the need for policymakers to examine the micro, meso, and macro drivers that influence migration or potentially influence a person's decision not to migrate or remigrate. Governments require migration analysis to create informed migration policies, including citizen participation in the policy development process. The perspectives of migrants and their behaviour should be taken into account when creating policies to better understand the key success factors needed for the desired outcomes of migrants (European Commission, 2020). According to Fargues (2017), migration is a complex process that is constantly changing as a result of various local, international, and global situations, highlighting the need for con¬tinual investigation and repeated surveying of the population. Within the current demographic climate, the World Youth Alliance Croatia (SSMH) launched the project “Network 2050 – Demography, From Challenges to Answers”, co-financed by the European Social Fund. The project is based on intersectoral cooperation, identified as necessary for improving collaborative efforts to address the effects of negative demographic trends on the social and economic development of Croatia and develop measures for demographic revitalisation. This paper will present the data and analysis of the empirical results of the research conducted by the Institute for Migration and Ethnic Studies. The study focuses on emigrants' opinions and perspectives regarding the factors that influenced their decision to migrate. This includes their own perceptions of the situation in Croatia, as well as abroad in their host country, which played a role in their decision-making process and continues to potentially impact them. Additionally, the paper explores the emigrants’ perception of their current life circumstances. The target group comprised Croats currently living as expatriates in European countries. A total of 497 respondents, Croats currently living abroad, most of whom left Croatia between 2016 and 2021, took part in the survey. Three main research questions guided the investigation: 1) What are the key drivers of migration at the micro, meso, and macro levels that influence the decision to emigrate or stay, according to the perception of emigrants from Croatia?; 2) What factors influence the decision of Croats to stay abroad?; and, 3) What are the key factors that influence the decision to return to Croatia? For the purposes of this paper, the general results related to research questions 1 and 2 will be presented. The instrument used for data collection was an online questionnaire that respondents filled out independently. The questionnaire consisted of 62 questions, mostly closed-ended, with only a few open-ended questions to accommodate additional information if participants chose to elaborate on their perceptions. Including this option also allowed for the possibility of results that were not expected by the research team. The questions were divided into five thematic chapters: sociodemographic data, migration status, socioeconomic status, returnee motivational status, and identity and value system. The questionnaire was administered with special attention to the time of completion, clarity, and appropriateness of the questions. The data collection process included advertising the research project and posting calls for participation on various social media networks across platforms managed by members of various Croatian dias¬pora groups. Additionally, advertising was conducted through social groups and institutions, as well as using the snowball method. Data was collected during the period from July to October 2021. At the beginning, the purpose of the questionnaire was explained, and respondents were informed that their participation was voluntary with the possibility to withdraw at any time. Consistency in the questionnaire administration was achieved by exclusively offering it online. A total of 500 responses were received, of which 497 were valid, while three questionnaires were partially filled. Only key socio-demographic information was collected and, together with the respondents' personal perceptions, it was examined in relation to the key drivers of emigration. Their perception is the key feedback that can help state authorities and policymakers in designing measures aimed at retaining the population and attract¬ing potential returnees. Their perception was viewed as potentially showing indica¬tors of migration drivers, push and pull factors, as well as demonstrating public perception around key issues and policies, and the type of information (including its accuracy) used to inform migration. Respecting the perception of the general public when creating policies is in line with the concepts promoted by the EU Parliament (2020), which encourages the participation of citizens in decision-making. According to the obtained sociodemographic data, 208 respondents (41.9%) were female, and 289 respondents (58.1%) were male. The most represented age category (39%) was 30–39 years old. Additionally, 24% of respondents were between 40 and 49 years old, 22% were between 18 and 29 years old 9.5 % were between 50 and 59 years old, 3.2% were 60–69 years old and 2% were between 70 and 81 years old. This indicates that the majority of respondents who leave are younger than 40, i.e. in the reproductive age group. The results obtained support the relevance of the research by Družić, Beg and Raguž Krištić (2016), who warn about the loss of the young population in Croatia, which results in population ageing. The majority (78.3%) were born in Croatia, and the next significant group (13.1%) was born in Bosnia and Herzego¬vina. The largest group of respondents, at the time of the questionnaire, lived in Germany, followed by the numerically significant groups in Great Britain, Ireland and Sweden. The trend shown by the majority of respondents coming from Germany is in line with the large wave of migration to Germany since 2013 when Croatia entered the EU, and since July 2015 when the labour market in Germany was opened to Croatia. Jurić (2022) and Pokos (2017) describe Germany as still the most desirable country for Croatian emigration. The results showed that macro-level factors related to working conditions and employment rates influence micro-level factors, such as socioeconomic status. Work opportunities and the working environment were perceived as somewhat important because respondents believe that these aspects affect their personal quality of life. An interesting result is that the number of respondents who stated that they were married or in a partnership doubled after moving. It is worth mentioning that Jang, Cast¬erline and Snyder (2014) warn that the longer the time spent abroad, the stronger the ties made, potentially leading to the establishment of family life connected to the host country. This could negatively affect the potential decision to return. The influence of this factor at the micro level requires further research to show the possible impact of marriages abroad on the mobility of new families and their possible return to Croatia, especially if Croatia's goal is to encourage the return of its emigrants. The results of this study, as well as the recommendations of researchers such as Kis, Ozdemir and Ward (2015) on the importance of improving working conditions and wages as a means of improving living conditions, are useful for formulating strategies for population retention. Additionally, certain political restrictions can negatively affect the achievement of the country's migration goals (Boswell, 2002), which, in the case of Croatia, involves return migration and population retention.

The relevance of the study is due to the crisis of modern pension insurance systems and the need to change the paradigm of pension legislation development. The purpose of the study is to identify the features of the formation of legislation on pension insurance in several countries (France, Great Britain, and Russia) at the initial stage of development (before 1914). The novelty is expressed both in the formulation of the problem and in the research methodology (the choice of countries and the period of research, the justification for the use of methods: dialectics, analysis, synthesis, system-structural, sociological, statistical, historical-legal, comparative-legal, formal-legal). The result of the study was the conclusions about the historical conditionality of the peculiarities of the formation of legislation on pension insurance in a particular country. There was early legalization of both voluntary and compulsory pension insurance in France. There was no legislation on pension insurance in the UK during the period under review, despite the early development of relevant institutions in the framework of workshops, guilds, and later in the framework of trade unions and “friendly societies”. In Russia, due to the agrarian nature of the economy, pension insurance did not develop within the framework of workshops and guilds; there were no laws on insurance in case of old age by 1914, while the risks of disability and loss of the breadwinner were regulated by law.

AbstractRationaleThe National Health Service (NHS) Long Term Plan was published in January 2019. One of its objectives was restructuring outpatient services, as part of an Outpatient Transformation initiative. Monitoring of trusts' adherence to the objectives of the Long Term Plan is therefore required to benchmark progress against national objectives.Aims and ObjectivesWe aimed to explore whether outpatient transformation initiatives and phlebotomy services that are managed by outpatients are appropriately staffed and to evaluate trusts' adherence to the objectives outlined in the Long Term Plan.MethodA freedom of information (FOI) request was sent in January 2023 to 153 trusts across Great Britain (time span: 1 January 2022–31 December 2022). Parameters requested included number of outpatients seen/discharged, phlebotomy episodes, number of sites/wards covered by phlebotomy, target/actual did not attend (DNA) rates, time since inception of the outpatient transformation project (OTP), advice and refer (A&R) and patient‐initiated follow‐up (PIFU), phlebotomy and outpatient managerial establishment and use of electronic notes and patient portals.ResultsA total of 117 trusts (76.5%) provided responses to the FOI request. The mean number of new outpatients seen face‐to‐face was 185,810. Of 73 trusts reporting both actual and target DNA rates, 62 (84.9%) did not meet their DNA targets. The actual DNA rate was significantly greater than the target DNA rate across trusts (p < 0.001, mean: 8.8% vs. 6.5%, respectively). A total of 58 different electronic systems and 29 patient portals were utilised across trusts. Thirty‐six trusts (30.3%) did not have an outpatient transformation project manager and 16 trusts (13.7%) did not initiate an OTP. With phlebotomy provision, the mean number of outpatient phlebotomy episodes was lower than inpatient episodes (83,383 vs. 91,020, respectively).ConclusionThere are deficiencies in current outpatient establishments that may hinder the achievement of objectives set in the NHS Long Term Plan. Changes at all levels of healthcare are required, with increased reliance on technologies and investment in support for transformation management.

The research focuses on the system of scientific views, theories, ideas used in the deve­lopment of pension legal regulations in France, Great Britain and Russia. The author presents the periodization of development stages of the conceptual foundations of pension legislation, draws the conclusions from the consideration of the first stage, covering the period up to 1914. The features of the systems of social support for the poor, which arose in the countries under the influence of religious ideology (various branches of Christianity), are characterized. The paper addresses the influence of the philosophy of the Enlightenment on the formation of the theoretical basis of the individual's right to social security, including pensions, presents the contribution of Russian legal experts to the formation of this approach. The authors reveal the role of socialist doctrines, the concepts of utilitarianism, liberalism, solidarism, social insurance, the agreement between generations, etc. in the process of forming the theoretical foundations of pension legislation.

The article summarizes the foreign experience of pension provision for military personnel. It is determined that it is advisable to analyze the foreign experience of pension provision for military personnel on the example of leading NATO member countries (Great Britain, Germany, and the United States). This expediency is due to the fact that Ukraine is planning to join NATO, respectively, the directions of reforming the domestic pension system for military personnel in Ukraine should be based on borrowing the experience of these countries. It is established that in these States, military personnel, veterans of military service, military pensioners are officially granted numerous socially significant benefits and privileges that allow them not to experience special material and household, financial difficulties, both during the period of military service and after its end. In turn, this attracts volunteers to military service and contributes to the preservation of highly qualified specialists in the National Armed Forces. It is proved that decent pension provision is one of the factors of attractiveness of military service, which affects both the attitude of a serviceman to the performance of his official duties and the recruitment of personnel. It should be emphasized that military service differs from other types of labor activity by an increased risk of death of a serviceman, causing harm to his health, so the presence of problems in the field of pension provision for military personnel most acutely affects the implementation of social policy of any state. Studying and borrowing the best practices of pension provision for military personnel of foreign countries is the basis for the formation of an effective system of pension provision for military personnel, which is the key not only to meeting the basic socio-economic needs of military personnel and their family members, but also to ensuring high combat readiness of troops, and, accordingly, to ensure the defense and security of the country as a whole.

AbstractWe explore portfolio allocation in Great Britain by introducing a latent class modelling approach using household panel data based on a nationally representative sample of the population, namely the Wealth and Assets Survey. The latent class aspect of the model splits households into four groups, from lowest‐wealth and least‐diversified through to highest‐wealth and most‐diversified, which serves to unveil a more detailed picture of the determinants of portfolio diversification than existing econometric approaches. A pattern of class heterogeneity is revealed that conventional econometric models are unable to identify because the statistical significance and the direction of the effect of some explanatory variables vary across the groups. For example, the effect of labour income on the number of financial assets held influences the level of diversification for the two middle classes, whereas no effect is found for households with the lowest or the highest levels of diversification. Noticeable differences in the magnitude of the effects of pension wealth and occupation are also revealed across the four classes. Such findings demonstrate the importance of accounting for latent heterogeneity when modelling financial behaviour. Ultimately, treating the population as a single homogeneous group may lead to biased parameter estimates, whereby policy based on such models could be inappropriate or erroneous.

Objectives: Cognitive stimulation therapy (CST) is a brief, non-pharmacological intervention for people with dementia, with an established evidence base for improving cognition and quality of life. It is widely implemented in National Health Service (NHS) settings, but little is known about its naturalistic use. The aim of this survey was to identify and explore inclusion criteria, dose and quality of CST across services in Great Britain (England, Scotland and Wales).Methods: All NHS memory clinics and services for people with dementia were contacted and asked to complete a mixed methods online survey on CST delivery in their service. Questions were centred on who provided CST, who received CST, the dose of CST and any outcomes that were routinely measured.Results: A total of 57/186 services responded, giving a response rate of 30.7%. While the majority reported offering CST (87.7%), there was variability in how this was delivered. Differing inclusion criteria included the use of varying cognitive and behavioural outcome measures, and CST was reported as being offered once and twice weekly. Services also differed in how they evaluated the quality of CST and how this evidence was incorporated for future sessions.Conclusion: While there was a low response rate, this survey indicates that there is significant variability in how CST is used in clinical practice, with many trusts not adhering to the evidence base. To ensure that people with dementia are consistently offered evidence-based, high-quality CST across NHS settings, further standardisation of inclusion criteria, dose and outcomes is needed.

AbstractIn this paper Bernd Raffelhüschen gives some insights into the political decision making process which changed the latest German pension reform from a fundamental step towards sustainability into a reform to be reformed. Nevertheless, he explains that the pension reform still bears a fundamental change, since it reduced transfers and at the same time opened for tax-preferred private and occupational pension plans. Hence, his paper investigates how these measures are developing presently and will develop in the future. Finally, some educated guesstimates are derived concerning those further reform steps to be undertaken in order to ensure the sustainability of a reduced pay-as-you-go scheme in future Germany.In their contribution, Johann Eekhoff, Markus Jankowski and Michael Voigtländer discuss the pros and cons of the Riester pension scheme. This so called “Riesterrente” involves a taxation scheme which can be regarded as a first step towards a consumption based taxation and can be justified in order to maintain intertemporal neutrality. The additional financial support for families and low-income earners, however, is neither based on efficiency grounds nor on a reasonable way of redistribution. The financial advantages are only granted if the capital investment is made in approved types of financial services. These restraints on capital investment will distort the functioning of the capital market which might lead to reduced economic growth and unemployment. Therefore, the authors conclude that the favouring of certain types of private saving should be abolished for the benefits of introducing consumption based taxation.Bert Rürup argues that central issues of last year’s pension legislation were a limitation of the growth of expenditures and as a result also a limitation of the expansion of the contribution rate as well as a redistribution in favour of younger generations as a precondition for intergenerational justice. The simultaneous reduction of the pay-as-you-go financed first pillar of old-age security while strengthening the funded pillars of old-age security helped to reach those targets.In his paper he argues that at the same time it was politically decided to melt down - in relative terms - the extent of the first pillar while simultaneously preserve the function of the old-age security system as an instrument to secure the standard of living after retirement. That also meant not to cut back the statutory pension insurance to a flat rate system in the long run. It should together with benefits from private systems guarantee - on the average - to keep up the income position reached in the period of professional activity also after retirement. This specific target makes state subsidization of private old-age security plans inevitable. The only alternative would be to turn the mandatory system into a compulsory one which would be the “cheaper” solution. The author states that compulsory saving for old-age security purposes versus targeted subsidization has distributive disadvantages and would hamper basic rules of market economy. And it would in Germany be impossible to be introduced due to political reasons.If for normativ reasons (“lean state”) the state organized old-age security system should be reduced e.g. like in Great Britain to the level of a system that provides protection against poverty, consequently state subsidization of private saving for old age purposes must be rejected. The first question to be answered is: Should state old-age security policy be directed towards maintaining the standard of living reached in working life or should it create only something like basic security? If that question is being answered in favour of the first, then a discussion on the nature and extent of state subsidization of private saving for old age purposes makes sense.

Following the collapse of the Holy Roman Empire in 1806, more than thirty independent states were formed in Germany, each with its own customs system. Following this event, the German economy stagnated and there were sharp differences among its states over the leadership of Germany. During this period, a prominent thinker named Friedrich List appeared in Germany. By forming a historical school in economics, he wanted to unify the states of this country through the formation of a customs union. This union was finally established by List's many efforts in 1834. The list later described the stages of economic growth and development in his historical school and explained the factors that caused the economic development of Germany in his book. Finally, Germany was able to unite in1870 under the leadership of Prussia and through Bismarck and inspired by the ideas of the historical school. After the unification of this country, Bismarck, through the ideas of List and the historical school, made several reforms, including pension and health insurance premiums, along with the strengthening and expansion of industry and trade; the result of which was the increasing economic development of this country. After taking power, Wilhelm II wanted to promote Germany as a great economic and military power in the world. Therefore, according to List's theories, he started to strengthen the military and especially the naval power of Germany so that he could own several colonies on the other side of the seas and by means of new markets that were created from these colonies, it increased its economic power and competed with Britain and America. In this way, according to the recommendations of the List, the German rulers tried to develop the economy and industry of Germany. As a result of their efforts, German industries were able to take second place after the United States in terms of the economy by 1914, behind Britain.

Following the collapse of the Holy Roman Empire in 1806, more than thirty independent states were formed in Germany, each with its own customs system. Following this event, the German economy stagnated and there were sharp differences among its states over the leadership of Germany. During this period, a prominent thinker named Friedrich List appeared in Germany. By forming a historical school in economics, he wanted to unify the states of this country through the formation of a customs union. This union was finally established by List's many efforts in 1834. The list later described the stages of economic growth and development in his historical school and explained the factors that caused the economic development of Germany in his book. Finally, Germany was able to unite in1870 under the leadership of Prussia and through Bismarck and inspired by the ideas of the historical school. After the unification of this country, Bismarck, through the ideas of List and the historical school, made several reforms, including pension and health insurance premiums, along with the strengthening and expansion of industry and trade; the result of which was the increasing economic development of this country. After taking power, Wilhelm II wanted to promote Germany as a great economic and military power in the world. Therefore, according to List's theories, he started to strengthen the military and especially the naval power of Germany so that he could own several colonies on the other side of the seas and by means of new markets that were created from these colonies, it increased its economic power and competed with Britain and America. In this way, according to the recommendations of the List, the German rulers tried to develop the economy and industry of Germany. As a result of their efforts, German industries were able to take second place after the United States in terms of the economy by 1914, behind Britain.

Objectives Supervised exercise programmes (SEPs) are a vital treatment for people with intermittent claudication, leading improvements in walking distance and quality of life and are recommended in multiple national and international guidelines. We aimed to evaluate the use and structure of SEPs in the United Kingdom (UK). Design We conducted an anonymous online survey using the Jisc platform comprising of 40 questions. The survey was designed to address key areas such as access, provision, uptake and delivery of SEPs in the United Kingdom. Ethical approval was obtained from Coventry University (P108729). Methods The list of trusts providing vascular services was obtained from the National Vascular Registry (NVR) report. The survey was disseminated via social media, The Vascular Society of Great Britain and Ireland and the Society for Vascular Technology. Data were exported to a Microsoft Excel document and analysed using simple descriptive statistics. Results Of 93 vascular units identified, we received response from 48. Of these, 23 had access to an exercise programme (48%). The majority of SEPs were exclusively for PAD patients (77%), with 21% using integrated services. 67% of respondents were providing a circuit-based programme, and 5 out of 23 were meeting the dose recommendations in the UK National Institute for Health and Care Excellence (NICE) guidelines. Respondents felt that programmes were moderately to extremely important to patients, slightly to very important to clinicians and not at all important to slightly important to commissioning/funding bodies. Conclusion SEPs are a well-established first-line treatment for patients with IC and they are recommended by NICE guidelines. Despite this, many patients still do not have access to an exercise programme, and clinicians do not feel that they have support from commissioning/funding bodies to develop them. There is an urgent need for funding, development and delivery of SEPs in the United Kingdom.

Introduction: Current surgical site infection (SSI) prevention guidance indicates low-quality evidence supporting many of their recommendations. Subsequently, there is substantial variation in practice and often implementation of unsubstantiated interventions. There is therefore a need to rapidly evaluate best practices to prevent SSI. This survey aimed to evaluate current practice in the prevention of SSI and equipoise regarding potential interventions to reduce SSI rates in major lower limb amputation (MLLA) and groin incisions. Methods: A cross-sectional national survey was developed from current international guidelines to prevent SSI, following CHERRIES and CROSS checklists. A study steering committee directed internal validation prior to dissemination via single stage sampling of the membership of the Vascular Society of Great Britain and Ireland. Results: The survey received 58 responses from clinicians across 38 NHS trusts. Most respondents were consultant vascular surgeons (91%; 53/58). Preoperatively, there was variable practice in the use of preoperative bathing, surgical site preparation, antibiotic prophylaxis duration and the use of incise drapes for both MLLA and groin incisions. Intraoperatively there was little consensus for wound irrigation, drain insertion, changing gloves and instruments prior to skin closure, skin closure technique, and the use of dressings for both MLLA and groin incisions. The majority of respondents were willing to randomise patients to most interventions. Nearly three-quarters (72%; 42/58) of respondents agreed or strongly agreed that a combined outcome measure of SSI and wound dehiscence would be the ideal primary outcome in a trial investigating SSI prevention in MLLA. Conclusions: Despite significant heterogeneity in practice to prevent SSI, the majority of surgeons surveyed showed they would be willing to randomise to interventions in a randomised controlled trial. This key finding is important in the design of future studies.

AimThe demand for bowel cancer screening (BCS) is expected to increase significantly within the next decade. Little is known about the intentions of the workforce required to meet this demand. The Joint Advisory Group on Gastrointestinal Endoscopy (JAG), the British Society of Gastroenterology (BSG) and Association of Coloproctology of Great Britain and Ireland (ACPGBI) developed the first BCS workforce survey. The aim was to assess endoscopist career intentions to aid in future workforce planning to meet the anticipated increase in BCS colonoscopy.MethodsA survey was developed by JAG, BSG and ACPGBI and disseminated to consultant, clinical and trainee endoscopists between February and April 2020. Descriptive and comparative analyses were undertaken, supported with BCS data.ResultsThere were 578 respondents. Screening consultants have a median of one programmed activity (PA) per week for screening, accounting for 40% of their current endoscopy workload. 38% of current screening consultants are considering giving up colonoscopy in the next 2–5 years. Retirement (58%) and pension issues (23%) are the principle reasons for this. Consultants would increase their screening PAs by 70% if able to do so. The top three activities that endoscopists would relinquish to further support screening were outpatient clinics, acute medical/surgical on call and ward cover. An extra 155 colonoscopists would be needed to fulfil increased demand and planned retirement at current PAs.ConclusionThis survey has identified a serious potential shortfall in screening colonoscopists in the next 5–10 years due to an ageing workforce and job plan pressures of aspirant BCS colonoscopists. We have outlined potential mitigations including reviewing job plans, improving workforce resources and supporting accreditation and training.

Winston Churchill delivered his famous speech entitled “The Few” after the Battle of Britain of 1940. This historical conflict saw 2353 young men from Great Britain and 574 from overseas, pilots and other aircrew fly at least one authorized operational sortie with an eligible unit of the Royal Air Force or Fleet Air Arm during the period 10 July to 31 October 1940. Although conflict on the scale of a world war cannot be equated to conflicts of interest between financial-services providers (FSPs), representatives and clients, the potential damage that can be caused by intermediaries and representatives who act in their own interest can be devastating to that particular client. In addition, it also has wider implications for the financial-services industry. It is consequently up to the FinancialServices Board (FSB) to ensure that conflict of interest between intermediaries and representatives and clients are managed in anacceptable way. As a matter of background: The FSB was established by the Financial Services Board Act (97 of 1990) and has as its main objective the supervision of financial institutions in order to achieve maximum consumer protection. As such, the FSB acts as statutory registrar of a variety of financial institutions. Hattingh and Millard explain that the FSB is currently in control of the Collective Investment Schemes Control Act, the Financial Services Board Act, Financial Institutions (Protection of Funds) Act , Financial Supervision of the Road Accident Fund Act, Friendly Societies Act, Inspection of Financial Institutions Act, Long-term Insurance Act, Pension Funds Act, Short-term Insurance Act, Supervision of the Financial Institutions Rationalisation Act, the Securities Services Act, and the Financial Advisory and Intermediaries Act. The FSB drafted the FAIS Act with the aim of creating a regulatory structure which regulates the way in which intermediary and advisory services in respect of financial products are rendered. Conflict of interests is but one of the issues that arise between intermediaries, advisors, financial-services providers and clients and the purpose of this note is to analyse a number of key issues introduced by Board Notice 58 of 19 April 2010. This note sets out to explain what the position was before the introduction of the new rules on the management of conflict of interest. It then proceeds to discuss the new definitions that now form part of the legislation. In addition, it discusses the detailed provisions pertaining to conflict of interest and explains what a conflict-of-interest management policy entails. Finally, the note evaluates the new regulations and asks whether they have thepotential to eliminate unfair dealings by advisors and intermediaries and thereby enhancing the professionalism of those who work in the financial-services industry.

The article analyzes the work of modern scientists regarding the genesis and periodization of the development of social insurance funds in foreign countries and Ukraine. A significant contribution to the development of the modern social insurance system was made by Lord William Beveridge of Great Britain, who in 1942 justified the social security of citizens in a report on the topic of Report on Social Insurance and Allied Services. Hence, social security was based on national solidarity and a guaranteed minimum income for all. As the analysis of foreign experience shows, today, in the economically developed countries of Europe, an effective system of social insurance has been formed, which generally satisfies the basic needs of its citizens. The common and distinctive features of the periodization of the stages of the development of social insurance funds are determined. It was established that the processes of social assistance, social support, social protection, and social insurance were formed practically in parallel in different countries of the world, although they had different periods of development, social and financial differences. The classification of the periods of origin and development of social insurance funds in Ukraine has been developed and supplemented. The proposed classification fully covers the main milestones of the birth and formation of social insurance and differs from others as follows: qualitative changes in social insurance at specific stages are taken into account; the boundaries of the stages are substantiated with a corresponding presentation of historically confirmed facts; the views of scientists regarding the characteristics of individual stages are analyzed and summarized. Conclusions were made about the need to optimize social insurance funds and introduce additional levels of insurance, in particular, accumulative pension insurance (security). It is important to study the genesis of the development of social insurance funds, as today’s requirements indicate that the system of social insurance funds needs to be improved and supplemented with voluntary insurance. In particular, in our opinion, it is possible to increase the effectiveness of the existing social insurance funds at the expense of funds that operate on a commercial basis.

IntroductionThey shall grow not old, as we that are left grow old; Age shall not weary them, nor the years condemn. At the going down of the sun and in the morning We will remember them.Recited at many Anzac and Remembrance Day services, ‘The Ode’, an excerpt from a poem by Laurence Binyon, speaks of a timelessness within the inexorable march of time. When we memorialise those for whom time no longer matters, time stands still. Whether those who died in service of their country have finally “beaten time” or been forced to acknowledge that “their time on earth was up”, depends on your preference for clichés. Time and death are natural bedfellows. War memorials, be they physical or digital, declare a commitment to “remember them”. This article will compare and contrast the purpose of, and community response to, virtual and physical war memorials. It will examine whether virtual war memorials are a sign of the times – a natural response to the internet era. If, as Marshall McLuhan says, the medium is the message, what experiences do we gain and lose through online war memorials?Physical War MemorialsDuring and immediately after the First World War, physical war memorials were built in almost every city, town and village of the Allied countries involved in the war. They served many purposes. One of the roles of physical war memorials was to keep the impact of war at the centre of a town’s consciousness. In a regional centre like Bathurst, in New South Wales, the town appears to be built around the memorial – the court, council chambers, library, churches and pubs gather around the war memorials.Similarly, in small towns such as Bega, Picton and Kiama, war memorial arches form a gateway to the town centre. It is an architectural signal that you are entering a community that has known pain, death and immense loss. Time has passed, but the names of the men and women who served remain etched in stone: “lest we forget”.The names are listed in a democratic fashion: usually in alphabetical order without their rank. However, including all those who offered their service to “God, King and Country” (not just those who died) also had a more sinister and divisive effect. It reminded communities of those “eligibles” in their midst whom some regarded as “shirkers”, even if they were conscientious objectors or needed to stay and continue vital industries, like farming (Inglis & Phillips 186).Ken Inglis (97) estimated that every second Australian family was in mourning after the Great War. Jay Winter (Sites 2) goes further arguing that “almost every family” in the British Commonwealth was grieving, either for a relative; or for a friend, work colleague, neighbour or lover. Nations were traumatised. Physical war memorials provided a focal point for that universal grief. They signalled, through their prominence in the landscape or dominance of a hilltop, that it was acceptable to grieve. Mourners were encouraged to gather around the memorial in a public place, particularly on Anzac Day and Remembrance Day each year. Grief was seen, observed, respected.Such was the industrial carnage of the Western Front, that about one third of Australia and New Zealand’s fatal casualties were not brought home. Families lost a family member, body and soul, in the Great War. For those people who subscribed to a Victorian view of death, who needed a body to grieve over, the war memorial took on the role of a gravesite and became a place where people would place a sprig of wattle, poke a poppy into the crevice beside a name, or simply touch the letters etched or embossed in the stone (Winter, Experience 206). As Ken Inglis states: “the statue on its pedestal does stand for each dead man whose body, identified or missing, intact or dispersed, had not been returned” to his home town (11).Physical war memorials were also a place where women could forge new identities over time. Women accepted, or claimed their status as war widows, grieving mothers or bereft fiancés, while at the same time coming to terms with their loss. As Joy Damousi writes: “mourning of wartime loss involved a process of sustaining both a continuity with, and a detachment from, a lost soldier” (1). Thus, physical war memorials were transitional, liminal spaces.Jay Winter (Sites 85) believes that physical war memorials were places to both honour and mourn the dead, wounded, missing and shell-shocked. These dual functions of both esteeming and grieving those who served was reinforced at ceremonies, such as Anzac or Remembrance Day.As Joy Damousi (156) and Ken Inglis (457, 463) point out, war memorials in Australia are rarely sites of protest, either for war widows or veterans campaigning for a better pension, or peace activists who opposed militarism. When they are used in this way, it makes headlines in the news (Legge). They are seldom used to highlight the tragedy, inhumanity or futility of war. The exception to this, were the protests against the Vietnam War.The physical war memorials which mushroomed in Australian country towns and cities after the First World War captured and claimed those cataclysmic four years for the families and communities who were devastated by the war. They provided a place to both honour and mourn those who served, not just once, but for as long as the memorial remained. They were also a place of pilgrimage, particularly for families who did not have a grave to visit and a focal point for the annual rituals of remembrance.However, over the past 100 years, some unmaintained physical war memorials are beginning to look like untended graves. They have become obstacles rather than sentinels in the landscape. Laurence Aberhart’s haunting photographs show that memorials in places like Dorrigo in rural New South Wales “go largely unnoticed year-round, encroached on by street signage and suburbia” (Lakin 49). Have physical war memorials largely fulfilled their purpose and are they becoming obsolete? Perhaps they have been supplanted by the gathering space of the 21st century: the Internet.Digital War MemorialsThe centenary of the Great War heralded a mushrooming of virtual war memorials. Online First World War memorials focus on collecting and amassing information that commemorates individuals. They are able to include far more information than will fit on a physical war memorial. They encourage users to search the digitised records that are available on the site and create profiles of people who served. While they deal in records from the past, they are very much about the present: the user experience and their connection to their ancestors who served.The Imperial War Museum’s website Lives of the First World War asks users to “help us build the permanent digital memorial to all who contributed during the First World War”. This request deserves scrutiny. Firstly, “permanent” – is this possible in the digital age? When the head of Google, Vint Cerf, disclosed in 2015 that software programming wizards were still grappling with how to create digital formats that can be accessed in 10, 100 or a 1000 years’ time; and recommended that we print out our precious digital data and store it in hard copy or risk losing it forever; then it appears that online permanency is a mirage.Secondly, “all who contributed” – the website administrators informed me that “all” currently includes people who served with Canada and Britain but the intention is to include other Commonwealth nations. It seems that the former British Empire “owns” the First World War – non-allied, non-Commonwealth nations that contributed to the First World War will not be included. One hundred years on, have we really made peace with Germany and Turkey? The armistice has not yet spread to the digital war memorial. The Lives of the First world War website missed an opportunity to be leaders in online trans-national memorialisation.Discovering Anzacs, a website built by the National Archives of Australia and Archives New Zealand, is a little more subdued and honest, as visitors are invited to “enhance a profile dedicated to the wartime journey of someone who served”.Physical and online war memorials can work in tandem. In 2015, the Supreme Court of Victoria created a website that provides background information on the military service of the 159 members of the legal profession who are named on their Memorial board. This is an excellent example of a digital medium expanding on and reinvigorating a physical memorial.It is noteworthy that all of these online memorial websites commemorate those who served in the First World War, and sometimes the Boer or South African War. There is no space for remembering those who served or died in more recent wars like Afghanistan or Iraq. James Brown and others discuss how the cult of Anzac is overshadowing the service and sacrifices of the men and women who have been to more recent wars. The proximity of their service mitigates against its recognition – it is too close for comfortable, detached remembrance.Complementary But Not ExclusiveA comparison of their functions indicates that online memorials which focus on the First World War complement, but will never replace the role of physical war memorials. As discussed, physical war memorials were sites for grieving, pilgrimage and collectively honouring the men and women who served and died. Online websites which allow users to upload scanned documents and photographs; transcribe diary entries or letters; post tribute poems, songs or video clips; and provide links to other relevant records online are neither places of pilgrimage nor sites for grieving. They are about remembrance, not memory (Scates, “Finding” 221).Ken Inglis describes physical war memorials as “bearers of collective memory” (7). In a sense, online war memorials are keepers of individual, user-enhanced archival records. It can be argued that online memorials to the First World War tap into the desire for hero-worship, the boom in family history research and what Scates calls the “cult of remembrance” (“Finding” 218). They provide a way for individuals, often two or three generations removed, to discover, understand and document the wartime experiences of individuals in their family. By allowing descendants to situate their family story within the larger, historically significant narrative of the First World War, online memorials encourage people to feel that the suffering and untimely death of their forbear wasn’t in vain – that it contributed to something worthwhile and worth remembering. At a collective level, this contributes to the ANZAC myth and former Australian Prime Minister John Howard’s attempt to use it as a foundational myth for Australia’s nationhood.Kylie Veale (9) argues that cyberspace has encouraged improvements on traditional memorial practices because online memorials can be created in a more timely fashion, they are more affordable and they are accessible and enable the sharing of grief and bereavement on a global scale. As evidence of this, an enterprising group in the USA has developed an android app which provides a template for creating an online memorial. They compete with Memorialsonline.com. Veale’s arguments remind us that the Internet is a hyper-democratic space where interactions and sites that are collaborative or contemplative exist alongside trolling and prejudice. Veale also contends that memorial websites facilitate digital immortality, which helps keep the memory of the deceased alive. However, given the impermanence of much of the content on the Internet, this final attribute is a bold claim.It is interesting to compare the way individual soldiers are remembered prior to and after the arrival of the Internet. Now that it is possible to create a tribute website, or Facebook page in memory of someone who served, do families do this instead of creating large physical scrapbooks or photo albums? Or do they do both? Garry Roberts created a ‘mourning diary’ as a record of his journey of agonising grief for his eldest son who died in 1918. His diary consists of 27 scrapbooks, weighing 10 kilograms in total. Pat Jalland (318) suggests this helped Roberts to create some sort of order out of his emotional turmoil. Similarly, building websites or digital tribute pages can help friends and relatives through the grieving process. They can also contribute the service person’s story to official websites such as those managed by the Australian Defence Forces. Do grieving family members look up a website or tribute page they’ve created in the same way that they might open up a scrapbook and remind themselves of their loved one? Kylie Veale’s research into online memorials created for anyone who has died, not necessarily those killed by war, suggests online memorials are used in this way (5).Do grieving relatives take comfort from the number of likes, tags or comments on a memorial or tribute website, in the same way that they might feel supported by the number of people who attend a memorial service or send a condolence card? Do they archive the comments? Garry Roberts kept copies of the letters of sympathy and condolence that he received from friends and relatives after his son’s tragic death and added them to his 27 scrapbooks.Both onsite and online memorials can suffer from lack of maintenance and relevance. Memorial websites can become moribund like untended headstones in a graveyard. Once they have passed their use as a focal point of grief, a place to post tributes; they can languish, un-updated and un-commented on.Memorials and PilgrimageOne thing that online memorials will never be, however, are sites of pilgrimage or ritual. One does not need to set out on a journey to visit an online memorial. It is as far away as your portable electronic device. Online memorials cannot provide the closure or sense of identity and community that comes from visiting a memorial or gravesite.This was evident in December 2014 when people felt the need to visit the Lindt Café in Sydney’s Martin Place after the terrorist siege and lay flowers and tributes. While there were also Facebook tribute pages set up for these victims of violence, mourners still felt the need to visit the sites. A permanent memorial to the victims of the siege has now opened in Martin Place.Do people gather around a memorial website for the annual rituals which take place on Anzac or Remembrance Day, or the anniversaries of significant battles? In 2013, the Australian War Memorial (AWM) saw a spike in people logging onto the Memorial’s Remembrance Day web page just prior to 11am. They left the site immediately after the minute’s silence. The AWM web team think they were looking for a live broadcast of the Remembrance Day service in Canberra. When that wasn’t available online, they chose to stay on the site until after the minute’s silence. Perhaps this helped them to focus on the reason for Remembrance Day. Perhaps, as Internet speeds get faster, it will be possible to conduct your own virtual ceremony in real time with friends and family in cyberspace.However, I cannot imagine a time when visiting dignitaries from other countries will post virtual wreaths to virtual war memorials. Ken Inglis argues that the tomb of the Unknown Soldier in the AWM has become the ritual centre of the Australian nation, “receiving obligatory wreaths from every visiting head of state” (459).Physical and Online Memorials to the War in AfghanistanThere are only eight physical war memorials to the Afghanistan conflict in Australia, even though this is the longest war Australia has been involved in to date (2001-2015). Does the lack of physical memorials to the war in Afghanistan mean that our communities no longer need them, and that people are memorialising online instead?One grieving father in far north Queensland certainly felt that an online memorial would never suffice. Gordon Chuck’s son, Private Benjamin Chuck, was killed in a Black Hawk helicopter crash in Afghanistan in 2010 when he was only 27 years old. Spurred by his son’s premature death, Gordon Chuck rallied family, community and government support, in the tiny hinterland town of Yungaburra, west of Cairns in Queensland, to establish an Avenue of Honour. He knocked on the doors of local businesses, the Returned Servicemen’s League (RSL), the Australian Defence Forces and every level of government to raise $300,000. His intention was to create a timeless memorial of world standard and national significance. On 21 June 2013, the third anniversary of his son’s death, the Chief of the Defence Force and the Prime Minister formally opened the Avenue of Honour in front of “thousands” of people (Nancarrow).Diggers from Afghanistan who have visited the Yungaburra Avenue of Honour speak of the closure and sense of healing it gave them (Nancarrow). The Avenue, built on the shores of Lake Tinaroo, features parallel rows of Illawarra flame trees, whose red blossoms are in full bloom around Remembrance Day and symbolise the blood and fire of war and the cycle of life. It commemorates all the Australian soldiers who have died in the Afghanistan war.The Avenue of Honour, and the memorial in Martin Place clearly demonstrate that physical war memorials are not redundant. They are needed and cherished as sites of grief, hope and commemoration. The rituals conducted there gather gravitas from the solemnity that falls when a sea of people is silent and they provide healing through the comfort of reverent strangers.ConclusionEven though we live in an era when most of us are online every day of our lives, it is unlikely that virtual war memorials will ever supplant their physical forebears. When it comes to commemorating the First World War or contemporary conflicts and those who fought or died in them, physical and virtual war memorials can be complementary but they fulfil fundamentally different roles. Because of their medium as virtual memorials, they will never fulfil the human need for a place of remembrance in the real world.ReferencesBinyon, Laurence. “For the Fallen.” The Times. 21 Sep. 1914. 7 Oct. 2019 <https://www.army.gov.au/our-history/traditions/for-the-fallen>.Brown, James. Anzac’s Long Shadow. Sydney: Black Inc., 2014.Damousi, Joy. The Labour of Loss. Great Britain: Cambridge UP, 1999.Hunter, Kathryn. “States of Mind: Remembering the Australian-New Zealand Relationship.” Journal of the Australian War Memorial 36 (2002). 7 Oct. 2019 <https://www.awm.gov.au/articles/journal/j36/nzmemorial>.Inglis, Ken. Sacred Places: War Memorials in the Australian Landscape. Melbourne: Melbourne UP, 1998.Inglis, Ken, and Jock Phillips. “War Memorials in Australia and New Zealand: A Comparative Survey.” Australian Historical Studies 24.96 (1991): 179-191.Jalland, Pat. Australian Ways of Death: A Social and Cultural History 1840-1918. London: Oxford University Press, 2002.Knapton, Sarah. “Print Out Digital Photos or Risk Losing Them, Google Boss Warns.” Telegraph 13 Feb. 2015. 7 Oct. 2019 <http://www.telegraph.co.uk/news/science/science-news/11410506/Print-out-digital-photos-or-risk-losing-them-Google-boss-warns.html>.Lakin, Shaune. “Laurence Aberhart ANZAC.” Artlink 35.1 (2015): 48-51.Legge, James. “Vandals Deface Two London War Memorials with ‘Islam’ Graffiti”. Independent 27 May 2013. 7 Oct. 2019 <https://www.independent.co.uk/news/uk/crime/vandals-deface-two-london-war-memorials-with-islam-graffiti-8633386.html>.Luckins, Tanya. The Gates of Memory. Fremantle, WA: Curtin University Books, 2004.McLuhan, Marshall. Understating Media: The Extensions of Man. New York: Mentor, 1964.McPhedran, Ian. “Families of Dead Soldiers Angered after Defence Chief David Hurley Donates Memorial Plinth to Avenue of Honour.” Cairns Post 7 June 2014. 7 Oct. 2019 <http://www.cairnspost.com.au/news/cairns/families-of-dead-soldiers-angered-after-defence-chief-david-hurley-donates-memorial-plinth-to-avenue-of-honour/story-fnjpusyw-1226946540125>.McPhedran, Ian. “Backflip over Donation of Memorial Stone from Afghanistan to Avenue of Honour at Yungaburra.” Cairns Post 11 June 2014. 7 Oct. 2019 <http://www.cairnspost.com.au/news/cairns/backflip-over-donation-of-memorial-stone-from-afghanistan-to-avenue-of-honour-at-yungaburra/story-fnkxmm0j-1226950508126>.Ministry for Culture and Heritage. “Interpreting First World War Memorials.” Updated 4 Sep. 2014. <http://www.nzhistory.net.nz/war/interpreting-first-world-war-memorials>.Nancarrow, Kirsty. “Thousands Attend Opening of Avenue of Honour, a Memorial to Diggers Killed in Afghanistan”. ABC News 7 Nov. 2014. 2 Oct. 2014 <http://www.abc.net.au/news/2013-06-22/avenue-of-honour-remembers-fallen-diggers/4773592>.Scates, Bruce. “Finding the Missing of Fromelles: When Soldiers Return.” Anzac Legacies: Australians and the Aftermath of War. Eds. Martin Crotty and Marina Larsson. Melbourne: Australian Scholarly Publishing, 2010. 212-231.Scates, Bruce. “Soldiers’ Journeys: Returning to the Battlefields of the Great War.” Journal of the Australian War Memorial 40 (2007): n.p.Scott, Ernest. Australia during the War: The Official History of Australia in the War of 1914–1918. Vol. XI. Sydney: Angus and Robertson, 1941.Stanley, Peter. “Ten Kilos of First World War Grief at the Melbourne Museum.” The Conversation 27 Aug. 2014. 10 Oct. 2019 <https://theconversation.com/ten-kilos-of-first-world-war-grief-at-the-melbourne-museum-30362>.Veale, Kylie. “Online Memorialisation: The Web as a Collective Memorial Landscape for Remembering the Dead.” Fibreculture Journal 3 (2004). 7 Oct. 2019 <http://three.fibreculturejournal.org/fcj-014-online-memorialisation-the-web-as-a-collective-memorial-landscape-for-remembering-the-dead/>.Winter, Jay. Sites of Memory, Sites of Mourning. Cambrigde: Cambridge UP, 1995.———. The Experience of World War I. London: Macmillan, 1988.