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Millionaires may be eligible for Winter Fuel Payments in new rules
Millionaires may be eligible for Winter Fuel Payments in new rules

Daily Mirror

time11 hours ago

  • Business
  • Daily Mirror

Millionaires may be eligible for Winter Fuel Payments in new rules

The Winter Fuel Payment U-turn could open up an unexpected loophole for wealthy retirees After facing severe backlash for cutting back Winter Fuel Payments shortly after winning the election last year, the Labour party has made a U-turn. Announcing new rules to means-test the seasonal benefit to assure vulnerable retirees are helped through the harshest months. To be eligible for the Winter Fuel Payment, which offers either £200 or £300 every winter to help cover heating costs, people over state pension age will need to have a taxable income of under £35,000 per year. ‌ Experts at Forbes Dawson warned: 'Although this may seem like a sensible approach, as many pensioners are asset-rich but have relatively low levels of income this could have unintended consequences and exclude many 'poor' people. ‌ 'Wealthy pensioners are generally in a unique position to control their level of taxable income on a year-to-year basis. Most pensioners will generally have some control over the amount of taxable income they extract from their pensions on an annual basis and many pensioners will have no 'income' and live off their built-up capital.' However, the experts added: 'We are not seriously suggesting that wealthy individuals will manipulate their income just to enjoy a £200 benefit, there will be cases where the very wealthy still qualify, while more deserving cases go without.' To break it down, the finance experts shared a fictional example of a retired NHS consultant called Dr Sam who has an estate worth £5million and makes specific moves with his money already in order to cut down a future Inheritance Tax bill. Including making loans to his Family Investment Company that sits outside his estate. As none of the shares are held by him directly, he doesn't pay tax on it and instead gets £200,000 annually as a repayment on his loan to the company. So while his general income is sitting at six-figures, his taxable income is zero so he will qualify under the new Winter Fuel Payment rules. In another fictional example, the money experts pointed out how people with less assets in retirement don't have as much control over their finances and might be excluded from the benefit. Retired teacher Doris uses a defined benefit public sector pension which is taxable income. ‌ She gets £40,000 a year from it, roughly £2,600 after tax, and with little money elsewhere she is reliant on nearly every penny so she can't cut it down. Because of her taxable income, she will not qualify for the benefit despite getting £160,000 less each year than Dr Sam. The new rules will make nine million more pensioners eligible for Winter Fuel Payments. And people can still opt out of receiving it but will need to do so before 15 September, 2025. Eligible people over state pension age will be receiving £200 between November and December 2025. Meanwhile those over the age of 80 who are eligible will receive £300.

Omiyinka Doris Chooses to Step Aside from VEON General Counsel Position
Omiyinka Doris Chooses to Step Aside from VEON General Counsel Position

Yahoo

time4 days ago

  • Business
  • Yahoo

Omiyinka Doris Chooses to Step Aside from VEON General Counsel Position

Dubai, June 17, 2025: VEON Ltd. (Nasdaq: VEON; the 'Company' or 'VEON'), a global digital operator, today announces that Omiyinka Doris has chosen to step aside from her role as Group General Counsel of the Company effective July 1, 2025. Ms. Doris will continue as a strategic advisor to the Group Chief Executive Officer and will remain based in Amsterdam. Ms. Doris has worked with VEON for a decade, first as Deputy General Counsel, SEC/Disclosure, Finance and Governance, then as Acting Group General Counsel and most recently as the Group General Counsel and a member of the Group Executive Committee (GEC). During a time of intense geopolitical shifts, Ms. Doris played a pivotal role in steering VEON to sustained success. Ms. Doris led the successful execution of numerous key strategic initiatives across a variety of areas, including M&A, capital markets, governance and compliance. These include the Company's transformational milestones, such as VEON's exit from Russia, complex bond restructurings and financings, consolidating trading of VEON equity on the Nasdaq Stock Market ('Nasdaq'), and relocating the Company's headquarters from Amsterdam to Dubai. Ms. Doris has been the lead GEC member for the planned listing of Kyivstar Group Ltd., the parent company of Ukraine's leading digital operator JSC Kyivstar, on Nasdaq. As a member of the Supervisory Board of Kyivstar over the past several years, Ms. Doris helped to navigate the Company through challenging times as Kyivstar maintained its operations, and Ukraine's telecommunications infrastructure, during the war. Ms. Doris's extraordinary efforts also focused on transforming the legal and compliance teams. She has recruited and developed the careers of many exceptional lawyers and compliance professionals at VEON, forged increased collaboration between the HQ and OpCo legal teams, and overseen a fundamental redesign of VEON's Ethics, Compliance and Investigations functions, including the creation of an Ethics and Compliance Centre of Excellence in Dubai. In 2024, the Financial Times recognized Ms. Doris as one of the world's top 15 in-house legal leaders. Augie K Fabela II, VEON Chairman and Founder commented: 'Omiyinka has been an exceptional General Counsel who guided VEON through a time of unprecedented geopolitical upheaval and economic uncertainty. She has been a trusted advisor to the Board on the most complex legal matters impacting the Company, approaching issues with clarity, sound judgment, and intelligence. In addition, Omiyinka has developed one of the industry's leading legal and compliance teams. We thank her for her significant contributions to VEON's transformation and strong current position, and for the robust legacy she leaves behind.' Kaan Terzioglu, VEON Group CEO stated: 'Omiyinka has been an invaluable member of the VEON senior management team throughout her career with VEON, including her most recent role as the General Counsel and Group Executive Committee member. She has been a driving force behind some of the most critical initiatives underpinning VEON's ambitious digital transformation and operating model changes. I thank her for her unwavering focus, commitment to solution-orientated outcomes, and for spearheading the development of our exceptional legal and compliance functions at the HQ and across our operations.' Omiyinka Doris commented, 'It has been an extraordinary journey with VEON over the last ten years. I thank the Board and the Group Executive Committee members for the years we shared and the milestones we reached working together. I am deeply proud of the talents, tenacity and accomplishments of the legal team and all that we have achieved together in the last few years. I am honored to have contributed to VEON's journey and look forward to supporting its future endeavors, now in my advisory role.' About VEONVEON is a Nasdaq-listed digital operator that provides converged connectivity and digital services to nearly 160 million customers. Operating across six countries that are home to more than 7% of the world's population, VEON is transforming lives through technology-driven services that empower individuals and drive economic growth. For more information visit: DisclaimerThis release contains 'forward-looking statements,' as the phrase is defined in Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. Forward-looking statements are not historical facts, and are inherently subject to risks and uncertainties, many of which VEON cannot predict with accuracy and some of which VEON might not anticipate. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including, without limitation, statements relating to, among other things, the execution of VEON's strategy and the planned listing of Kyivstar on Nasdaq Stock Market. The forward-looking statements contained in this release speak only as of the date of this release. VEON does not undertake to publicly update, except as required by U.S. federal securities laws, any forward-looking statement to reflect events or circumstances after such dates or to reflect the occurrence of unanticipated events. Contact Information VEON Hande AsikGroup Director of Communications pr@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Shea's presents 30-year historic restoration consultant with Lifetime Legacy Award
Shea's presents 30-year historic restoration consultant with Lifetime Legacy Award

Yahoo

time11-06-2025

  • Business
  • Yahoo

Shea's presents 30-year historic restoration consultant with Lifetime Legacy Award

BUFFALO, N.Y. (WIVB) — Shea's Performing Arts Center has named historic restoration consultant Doris Collins the 2025 recipient of the Michael Shea Lifetime Legacy Award, the theatre group announced. She was presented with the award at the Shea's Gala on June 6, a date also marking the 70th anniversary of her arrival in the U.S. from Austria. Collins, who began working in the role in 1995 has led Shea's Buffalo Theatre's restoration efforts for the past 30 years. With over $15 million invested into the restoration, Collins used her expertise and research skills to work with suppliers and ensure the theatre could be restored to exact specifications. Additionally, Collins is a teacher at Villa Maria, educating students of the school's interior design program for the past 15 years. She also established a restoration volunteer program at the theatre to help with efforts throughout the lobbies and stairwells of Shea's. The award is named after the founder of Shea's Buffalo Theatre, Michael Shea, who operated a total of 12 theatres in Western New York. 'Over the last 30 years Doris has been the driving force behind every perfectly matched crystal, paint, and fabric here at Shea's,' Shea's Performing Arts Center president and CEO Brian Higgins said in a release. 'Her recruitment and expert training of restoration volunteers and students has saved Shea's millions of dollars. Thanks to the meticulous efforts of Doris over the last three decades visitors today step into this theatre as it was — or I would argue even better than it was — 100 years ago.' Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Heritage parade proposed for Sibu's Gawai celebrations
Heritage parade proposed for Sibu's Gawai celebrations

The Star

time09-06-2025

  • General
  • The Star

Heritage parade proposed for Sibu's Gawai celebrations

Doris hitting the gong to officiate the Sibu Pre-Gawai Ceremony. AN Iban traditional cultural programme called 'Niti Daun' has been proposed for future Gawai Dayak celebrations in Sibu, Sarawak. The cultural parade aims to showcase the richness of Dayak heritage while fostering harmony among the various ethnic groups in Sibu. Sarakup Indu Dayak Sarawak (SIDS) Sibu and Sarawak Dayak National Union (SDNU) Sibu have expressed their intentions to organise the programme. SIDS Sibu chairman Angelyn Uchi Maseng said the initiative was a significant effort to introduce the uniqueness of Dayak culture to the public. 'Many other areas have successfully implemented similar programmes. 'We believe Sibu is equally capable of making 'Niti Daun' an annual event that is eagerly anticipated,' she said at the Sibu pre-Gawai ceremony. The event, organised by Sibu Dayak Gawai Committee in collaboration with SDNU Sibu, SIDS Sibu, Orang Ulu National Association (Ouna) Sibu and Dayak Bidayuh National Association (DBNA) Sibu, was attended by about 1,500 guests. Uchi said SIDS Sibu and SDNU Sibu were prepared to be main organisers of the 'Niti Daun' programme, but financial support was needed. 'We hope that elected representatives and relevant agencies will support us with the necessary funding to make this a reality,' she said. She also expressed appreciation for the community's continued support in preserving Dayak culture through participation in traditional activities such as the Bertaboh, Ngajat and Manduk Tuak competitions organised by the committee. Sri Aman MP Datuk Seri Doris Sophia Brodie, who served as the Tuai Pengabang (guest of honour), said the Gawai celebration was a symbol of gratitude for the results of hard work throughout the year in farming, especially padi planting. 'Gawai teaches us to appreciate the blessings of the fruits that are bestowed. 'This is also in line with the value of unity. When we work together, we reap success together,' she said. She added that the Dayak pre-Gawai ceremony was important in strengthening relationships between communities. Also present were Ngemah assemblyman Anyi Jana, political secretaries to the Sarawak Premier Susan Clement Ingun and William Anut, SIDS president Datuk Alice Jawan and Iban community leader Temenggong Stanley Gramong.

'I donated my mum's body to Alzheimer's research instead she was blown to pieces'
'I donated my mum's body to Alzheimer's research instead she was blown to pieces'

Daily Record

time09-06-2025

  • Health
  • Daily Record

'I donated my mum's body to Alzheimer's research instead she was blown to pieces'

Her son said 'she was strapped in a chair, and a detonation took place underneath her' One Arizona man thought he was donating his mother's body to science after her harrowing descent in Alzheimer's - only to discover he had been sent her cremated arm before the rest of her body was strapped to a chair and blown up. Jim Stauffer cared for his mother Doris throughout her illness before she died at 74 in 2013. He decided to donate her brain to science hoping to contribute to a cure for Alzheimer's disease. The family contacted Biological Resource Center, a local company that brokered the donation of human bodies for research. Within the hour, BRC dispatched a driver to collect Doris. ‌ Jim signed a form authorizing medical research on his mother's body. Ten days later, Jim received his mother's cremated remains - but it turns out her ashes were made up of a singular arm sawn off from her body. The rest of her corpse had met a violent fate. ‌ Doris' brain never was used for Alzheimer's research. Instead, her body became part of an Army experiment to measure damage caused by roadside bombs, reports the Irish Star. Internal BRC and military records show that at least 20 other bodies were also used in the blast experiments without permission of the donors or their relatives, a violation of U.S. Army policy. Jim had also ticked a box specifically banning any kind of experiments on Doris. BRC sold donated bodies like Stauffer's for $5,893 each. Jim said: "She was strapped in a chair, and a detonation took place underneath her to get an idea of what the human body goes through when a vehicle is hit by an IED. There was wording on this paperwork about performing tests that may involve explosions, and we said, 'No'." Army officials involved in the project said they never received the consent forms that donors or their families had signed. Rather, the officials said they relied on assurances from BRC that families had agreed to let the bodies be used in such experiments. ‌ BRC, which sold more than 20,000 parts from some 5,000 human bodies over a decade, is no longer in business. Its former owner, Stephen Gore, pleaded guilty to fraud in 2022. In a statement to Reuters, Gore said that he always tried to honor the wishes of donors and sent consent forms when researchers requested them. Jim said of Gore "He didn't care about the families, he didn't care about the people." Jim learned of the fate of his mother's body from a Reuters reporter and "curled his lip in anger and clutched his wife Lisa's arm. "We did right," Lisa reassured him. "They just did not honor our wishes." No federal law regulates body brokers like BRC, and no U.S. government agency monitors what happens to cadavers pledged for use in medical education and research. ‌ "It is not illegal to sell a whole body or the parts of a body for research or education," said University of Iowa law professor Sheldon F. Kurtz, who helped modify the Uniform Anatomical Gift Act, which has been adopted by 46 states. Although the act was updated in 2006, Kurtz said, "the issue of whole bodies or body parts for research or education never came up during our discussions." Since then, the body trade has become big business. Only one state, New York, keeps detailed records on the industry. According to the most recent data available, companies that did business in New York shipped at least 100,000 body parts across the country from 2011 to 2014. Reuters obtained the data, which have never been made public, from the state's health department. "I feel foolish," said Jim. "I'm not a trusting person, but, you have no idea this is going on." Military officials said they took BRC's word that permission had been given. Records show at least 20 more bodies were blown up without consent.

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