Zoopla has hired a former taxi-app boss to head up its marketing effort.Gary Bramall, who before joining Zoopla worked in a similar role at cab hailing smartphone apps Hailo and mytaxi for four years, has a heavyweight tech career behind him.This includes being a board member at Danish personal finance start-up Lunar Bank as well as spells at Microsoft, Skype, Apple and Orange.Bramall will have a long to-do list. Zoopla’s parent company ZPG’s new owner, US private equity firm Silver Lake Partners, is expecting great things of the company after paying £2.2 billion in July.Re-brand?His arrival at Zoopla would suggest an overhaul of its brand is in the offing; at mytaxi he led a rapid re-brand following the merger with competitor Hailo.“Buying, selling or renting property are among the biggest decisions we make in our lives,” says Gary. “To work with a data-rich tech-led business which has huge potential to improve and add value to that process for both consumers and estate agents is a marketeer’s dream.“I want people to understand why Zoopla provides an offering unlike anything out there and to be the destination of choice for consumers and agents.”Bramall may also be planning to turn ‘Zoopla’ into a byword for house hunting; in Ireland he helped turn ‘to Hailo’ into a commonly used verb.Charlie Bryant, MD of Zoopla (left) comments: “With a superb track record of success in marketing technology-led brands, Gary will focus our strategy to excel at supporting consumers’ property choices and empowering estate agents to grow their businesses.” December 6, 2018Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021 Home » News » Marketing » Is it curtains for the crabs? Zoopla hires new marketing chief previous nextMarketingIs it curtains for the crabs? Zoopla hires new marketing chiefFormer Microsoft and Hailo taxi app marketeer has joined to help build brand among agents and house hunters.Nigel Lewis6th December 201801,347 Views
General Responsibilities:The adjunct faculty member shall be responsible for the following:teaching assigned classes under the supervision of the area dean;helping students fulfill their maximum potential in masteringcourse content; assessing student learning outcomes; maintaining athorough and up-to-date knowledge in his/her regular teachingfield; continuing professional development; utilizing currenttechnology in the performance of job duties; maintaining standardsof professional conduct and ethics appropriate to the professionalposition; assisting with articulation and curriculum developmentand review; serving on college committees and participating infaculty governance including accreditation and studentco-curricular activities; assuming other responsibilities asassigned by the area dean; fulfilling other duties andresponsibilities of an adjunct faculty member as outlined in thecollege faculty handbook. Applicants applying to this Los Rios Community College Districtadjunct faculty posting are requested to complete fully andsubmit:1. Los Rios Community College District Faculty Application2. Unofficial transcripts of college/university work ** (graduateadvising documents and grade reports will not be accepted asunofficial transcripts). NOTE : Los Rios employees are alsorequired to submit unofficial copies of transcripts.3. Resume or Curriculum Vitae4. Two letters of recommendation5. Letter of Interest6. Certification/License**Note: Applications submitted without transcripts will bedisqualified. Also individuals who have completed college oruniversity course work at an institution in a country other thanthe United States must obtain a complete evaluation of foreigntranscripts, degrees and other relevant documents. A foreigntranscript evaluation is required any time foreign course work isused to meet minimum qualifications and/or salary placement even ifthe foreign transcript has been accepted by a college or universityin the United States.Foreign transcript evaluations ONLY accepted from AICE (Associationof International Credential Evaluations, Inc.) or NACES (TheNational Association of Credential Evaluation Services) agencies orevaluators. Foreign Degree Transcript Evaluations click hereDo not submit additional materials that are not requested. Criminal History Verification and Release: I acknowledge andagree that I understand that by answering the question below, Icertify that the information provided by me is true, correct andcomplete to the best of my knowledge and belief. I authorizeinvestigation of all statements contained herein, and on the P-881(if applicable and submitted), and I release from liability allpersons and organizations furnishing such information. I understandthat any misstatements, omissions or misrepresentation of facts onthis form, my application, and, if applicable, the P-881 orattachment(s) may be cause for disqualification or dismissal. Ifyou have ever been convicted of an offense other than a minortraffic violation you are required to complete the form ‘ArrestsWhich Led to Convictions for Crime’, P-881 (you must discloseconvictions that have been dismissed pursuant to Penal Code Section1203.4; Ed. Code 87008). Please copy and paste the provided URL forthe form -https://losrios.edu/docs/lrccd/employees/hr/forms/p-881.pdf – andattach the completed form to your application.Yes, I acknowledge and agreeNo, I do not acknowledge or agree Department Location Posting Details All Positions: Offers of employment are contingent upon thesuccessful clearance from a criminal background check, freedom fromtuberculosis, and proof of identity and eligibility to work in theUnited States prior to the first day of work. The District mayselect additional qualified candidates should unexpected vacanciesor needs occur during this recruitment/selection process. Wheneducation is a requirement for the position, official academictranscripts from the accredited college/university must besubmitted within 60 days of hire. Part-time, Assistant Professor Position. Adjunct pools are opencontinuously and applicants are contacted/hired year round forassignments based on college needs. How and where to apply Conditions LocationLos Rios Community College District (District Office) 1. Have a bachelor’s degree from an accredited institution and twoyears of professional experience, or any associate degree and sixyears of professionalexperience; OR, hold a California Community College Instructor’sCredential in the discipline area; OR, the equivalent.*2. Holds ARRT certification in at least one of the following:Computed Tomography (CT), Magnetic Resonance Imaging (MR),and/or Vascular Interventional Radiography (VI).3. Have sensitivity to and understanding of the diverse academicsocioeconomic, cultural, disability, gender identity, sexualorientation, and ethnic backgrounds of community college students,including those with physical or learning disabilities as itrelates to differences in learning styles.*Note: Applicants applying under the “equivalent” provision mustattach details and explain how their academic preparation is theequivalent of the degrees listed above. SalaryPlease see LRCCD Salary Schedules Closing Date Total Hrs per Week/Day Work Schedule The Los Rios Community College District is seeking a pool ofqualified applicants for possible temporary part-time facultyteaching assignments. These positions are filled on an as neededbasis and are on-going recruitment efforts.Adjunct pools are open continuously and applicants arecontacted/hired year round for assignments based on collegeneeds.Teaching assignments may include day, evening, on-line, hybrid,weekend, and/or off campus classes. Supplemental QuestionsRequired fields are indicated with an asterisk (*). Additional Salary InformationNo additional salary information to note The Los Rios Community College District is a two-year publiccollege district serving the greater Sacramento region. Ourdistrict includes American River, Cosumnes River, Folsom Lake andSacramento City colleges; major centers in Placerville, Davis, WestSacramento, Elk Grove, Natomas and Rancho Cordova; and specialservices for business and industry.Our colleges offer transfer education – students complete freshmanand sophomore years and transfer to a four-year college oruniversity – and AA/AS degrees and certificates in over 70 careerfields. The District’s 2400 square mile service area includesSacramento and El Dorado counties and parts of Yolo, Placer, andSolano counties. Approximately 80,000 students are enrolled in ourcolleges.The District office houses a number of district-wide services.These include the Chancellor’s office, Board Room, Legal Services,Business Services, Human Resources, Institutional Research,District Police Department, Resource Development and InformationTechnology. Other district-wide services which can be found atvarious locations around the community are the, FacilitiesManagement Department and the Workforce and Economic DevelopmentCenter. Each department strives for the highest quality in allprograms, services, and activities for our communities andstaff. Work YearN/A Beginning and/or Ending Dates Posting Date Applicant DocumentsRequired DocumentsUnofficial Transcript 1Licenses/CertificationsOptional DocumentsUnofficial Transcript 2Unofficial Transcript 3Unofficial Transcript 4Unofficial Transcript 5Foreign Transcript EvaluationResume/Curriculum VitaeLetter of InterestLetter of Recommendation 1Letter of Recommendation 2Equivalency Determination Letter (P-38 or Equivalency RequestStatement)P-881 Report of Arrests Which Led To Convictions For CrimeDocument Assignment Responsibilities Open ContinuouslyYes Physical Demands Minimum Qualifications Please indicate how you meet the minimum qualifications forthis position. Select the appropriate answer.I possess the minimum qualifications for this discipline aslisted on the job announcement. (Attach unofficial transcripts froman accredited college/university and/or evidence of jobexperience.)I possess a valid California Community College Credential forthis discipline. (Attach a copy of appropriate credential withapplication.)I possess qualifications equivalent to those listed and haveattached evidence. (To review Equivalency Process.)I have previously been granted equivalency to teach thisdiscipline by the Los Rios Community College District. (Attach theEquivalency Determination Form P-38 and transcripts.) Please visit our Frequently Asked Questions for completeinformation on how to apply online with our District. Applicationservices are available between 8:00 a.m. and 5:00 p.m., Mondaythrough Friday, at the Los Rios Community College District HumanResources Office located at 1919 Spanos Court, Sacramento, CA95825-3981. If you need assistance with any phase of theapplication process, please call (916) 568-3112 or come in duringour business hours. Submission of applications are by midnight ofthe posting closing date. Special Requirements The Institution Quicklinkhttps://jobs.losrios.edu/postings/4616 can you perform the essential functions of the position you areapplying to with or without reasonable accommodations?YesNo Job Posting TitleImaging Adjunct Assistant Professor Posting NumberF00228P Application Instructions Position Summary Considering this specific position that you are applying to –where/how did you learn about this position?College DepartmentCareerBuilderChronicle of Higher Ed (Vitea.com)Community College Registry Job Fair: OaklandCommunity College Registry Job Fair: Los AngelesCommunity College Registry Online Job BoardCommunity Outreach (ex. Festivals, etc.)CommunityCollegeJobsComunidadCraigslistDiverse: Issues in Higher EducationD’Primeramano MagazineEdJoinFacebook (Campaign)Facebook (Los Rios Page)GlassdoorGreater Sacramento Urban LeagueHandshake (CSU, UC Job Boards)HigheredJobsIndeedInstagramJob SitesJob JournalLatina Leadership Network of the California CommunityCollegesLinkedInLos Rios Community College District EmployeeLos Rios Community College District Human Resources EmailLos Rios Community College District WebsiteLRCCD Resource Group – API (Asian Pacific Islander Legacy)LRCCD Resource Group – Black Faculty & Staff Association(BFSA)LRCCD Resource Group Native American Collaborative (NAC)LRCCD Resource Group – Spectrum (LGBTQIA+)Professional NetworksSacramento Black Chamber of CommerceSacramento Asian Chamber of CommerceSacramento Builders ExchangeSacramento Hispanic Chamber of CommerceSacramento Rainbow Chamber of CommerceSacramentoWorksThe HUBTwitterYouTubeZipRecruiter
ISTEP pass rates were officially released throughout the state this morning and despite the drops predicted by the Evansville Vanderburgh School Corporation in letters written to the governor and legislators last February – EVSC pass rates decreased fewer percentage points than other school districts that are similar in size and demographics.These scores announced today, are coming to schools throughout the state almost a full year after taking the test. Normally results of ISTEP are returned in late spring or early summer, giving educators time to study the data and look at specific student results to develop plans to help students improve.“The lack of timely data from the 2015 ISTEP test is a huge disservice to our students, families, teachers, schools, and communities. At this point, there is little actionable use for the data,” said Superintendent David Smith. “No patient would tolerate their physician making an action plan based upon year-old data.” But, Smith added, the EVSC has continued to utilize other metrics and strategies to ensure all students have the opportunity to succeed.What EVSC is seeing is that its strategies are working, and student growth is evident in many areas, Smith said. Some of the strategies include specific, targeted extra help or interventions for students; as well as remediation in known areas of need. Additionally, Professional Learning Communities are established in every school – where teachers pore over student data and work together to plan and strategize how best to teach subjects; and how to help struggling students or how to further encourage high achievers.Catherine Minihan, EVSC associate superintendent for strategy and accountability, also noted that in looking at the success and growth in students in the third grade last school year, “when you set a high bar for students, they can get there – but you need to set the goal and stick with it, and then we need to give students time to accomplish it. She said last year’s third grade students would have been kindergarten students when the state and EVSC first began teaching a more rigorous college and career readiness curriculum, and a different, more technology-rich type of preparation, so their performance is an indication that our students are quite capable of reaching this higher bar. The 2014-15 ISTEP was a new test, measuring new, more rigorous college and career standards, with multi-dimensional testing types – including tech-enhanced questions.While the EVSC was pleased with the growth many students have shown; and the positive comparison to other similar schools in the state, Minihan pointed out that the EVSC still has many unresolved cases that were submitted to the testing company CTB.“We still have 500 test results that came back as ‘undetermined’ which is a much higher number than in previous years, and we have received minimal information regarding these scores. Additionally we have students whose scores from Part 1 and Part 2 have not been matched; computer generated responses that were not scored, and a student who took the test in Braille whose results never came back,” Minihan said. Correspondence with CTB has been taking place since the first iteration of scores was released to schools in November and most of these have not been resolved by CTB.Smith thanked teachers and families for the hard work and the patience in waiting for results. “We have already moved on,” he said, and “are continuing to use the strategies we know are working.”The first round of this year’s ISTEP tests begin the end of February.FacebookTwitterCopy LinkEmail
Results of the Mount Carmel Lyceum bowling league from March 29th are as follows:Individual high games for the week went to: Ken Korzun 252; John Kaczka 249; David Magarban 248; Jack Nilan 245; John McCollum 242; Robert Lesiak 233; Emil Massa 222; Steve Mallardi Jr. 221; Kerry Fryczynski 220; Robert Magarban 190; Artie Bernard Jr. 189; Adam Konecko 178; Ed Lubach Sr. 176; Joe Beebe 171; Harry Ashe 169; Frank Polomski 155; Frank Giovinazzo 125.In team results: The Starting Point Bar & Grill took 5 points from The Polish American Home; Dworzanski’s Funeral Home took 5 points from Supreme Tours; Fryczynski’s Funeral Home took 5 points from John’s Midtown Tavern; Amspec Services took 4 points from I.B.E.W. Local 94.
There is hope in global action to fight climate change, in the slow adoption of wind and solar power, in moves by the U.S. government to cut emissions from vehicles and power plants, in the lead taken by some businesses to clean up operations and draw attention to the problem.But it’s too late to avoid several more degrees of warming by the turn of the next century, too late to completely stave off dramatic melting, and too late to avoid the slow swamping of Pacific island nations, whose thousands of years of history and culture seem certain to be swallowed by rising seas.A panel of experts in science, politics, business, economics, and history shared their views of the massive challenges presented by climate change Monday in a talk at Sanders Theatre that was by turns hopeful and gloomy.Worries about political intransigence, massive energy-system inertia, and an active campaign to sow doubt that the problem even exists sparred for 90 minutes with heartened references to clean-energy innovation, an increasing acceptance that adaptation and mitigation are wise, and, perhaps most importantly, the passion exhibited by tomorrow’s leaders, who today fill classrooms at Harvard and other colleges and universities.Getting the message across to the public presents a communication challenge to scientists who are used to being able to make their cases by presenting facts, said History of Science Professor Naomi Oreskes (second from right). Among the seven panelist were Rebecca Henderson (from left), John Holdren, Richard Newell, Oreskes, and Daniel Schrag. Panelists not pictured include Joseph Aldy and Christopher Field. Kris Snibbe/Harvard Staff Photographer“The challenge of climate change is profound. The risks it poses are dire. Confronting those dangers is among the paramount tasks of our time,” Harvard President Drew Faust said in introducing the discussion. “We owe it to one another and to future generations to meet the challenge with the intensity, the creativity, and the cooperative effort that the situation demands. … Universities have a crucial role to play: We act through our research, our educational programs, our embrace of sustainability on our campus, our engagement with the wider world.”The Presidential Panel on Climate Change, moderated by journalist Charlie Rose of CBS and PBS, consisted of Assistant Professor of Public Policy Joseph Aldy; Christopher Field, co-chair of the Intergovernmental Panel on Climate Change’s Working Group II and a Harvard overseer; John and Natty McArthur University Professor Rebecca Henderson; John Holdren, a former Harvard professor and the White House’s current assistant to the president for science and technology; Richard Newell, a Duke University professor and director of the Duke Energy Initiative; History of Science Professor Naomi Oreskes; and Sturgis Hooper Professor of Geology Daniel Schrag, director of the Harvard University Center for the Environment.The Obama administration has worked through congressional gridlock to take several meaningful steps to address the problem, Holdren said. U.S. greenhouse-gas emissions, he said, have decreased 10 percent since 2005. The recent agreement with China on greenhouse-gas reductions, seen as a landmark because it included commitments from the world’s two largest emitters, would see emissions fall further, to between 26 and 28 percent by 2025.Panelists acknowledged that greenhouse gases already emitted and expected to be released, even under optimistic scenarios of a clean-energy transition, are enough to affect climate. Their effects, Schrag said, will be felt for thousands of years. He said we are perilously close to the threshold for irreversible melting of the Greenland and West Antarctica ice sheets. Their collapse, occurring over centuries, would irreversibly raise sea level, inundating coastal cities and swamping low-lying Pacific islands.“The challenge of climate change is profound. The risks it poses are dire. Confronting those dangers is among the paramount tasks of our time,” said President Drew Faust in introducing the discussion. Kris Snibbe/Harvard Staff Photographer“I don’t think people understand the momentum in this system,” Schrag said. “We are deeply addicted to fossil fuels in all sectors of the economy and moving too slow.”Aldy said that political inaction may be due to politicians being asked to make potentially painful moves without a clear return in sight. That problem is exacerbated, he said, by the fact that action on climate change provides a global rather than a local benefit, which gives nations a reason to wait to see what others are doing before acting themselves.Though some business leaders have embraced the challenge, many remain unconvinced by the threat of warming, Henderson said. For that community, she said, it would be helpful to move away from the all-too-often-used tactic of framing the issue as a “religious war,” and instead present it as a way of managing risk. Were more businesses to see the problem as presenting a level of risk to operations, they would be likelier to take steps against it.Getting the message across to the public presents a communication challenge to scientists who are used to being able to make their cases by presenting facts, Oreskes said. Because of efforts to create doubt that the problem exists ― financed by fossil-fuel interests — and a philosophical concern that the issue is being used to grow government, a different kind of conversation is needed, she said.Presidential panel on climate change Oreskes challenged Harvard to embrace the movement to divest itself of fossil-fuel stocks. She said not only are the fuels at the root of climate change, but by funding an active campaign to deny the science of climate change, fossil-fuel interests are undermining work by Harvard faculty members.Co-panelists responded by saying they didn’t think that vilifying fossil fuel companies, on whose products we still depend every day, would make a difference. Newell questioned the effectiveness of divestment as a strategy, saying it polarizes the issue at a time when what’s needed is to bring people to the middle. Perhaps more helpful, Aldy said, would be for students to work for action in their home states, particularly those whose governors have said they’ll fight the Obama administration’s proposed reduction of emissions from power plants.The panel is just the latest Harvard action on climate change. In a March speech at China’s Tsinghua University, Faust addressed the roles universities play in the search for climate solutions, both in faculty members’ research and in training the next generation of scientists, policymakers, and business leaders. The president’s office also recently announced the first grants from the Climate Change Solutions Fund.The panel came after a series of Harvard events around Climate Week, including discussions among climate scientists, lectures by experts in various fields, and social and literary events.In summing up the problem, Holdren said people can expect a complex web of effects, including floods, storms, and drought, whose harm will be felt for centuries to come. Though it is too late to avoid at least some warming, strong action today could have a tremendous influence on the magnitude of the effects, he said.“This is not just a problem for future generations. Climate change is causing harm now.”
Woodward said Chang’s story is only one of many interesting stories happening on campus. Last week’s commercial featured the work Notre Dame has done in Haiti in the aftermath of the earthquake. The commercial shows the devastation in Haiti, and then responds to the presentation of this problem by offering a solution. “Three years ago we came up with a concept — ‘what would we fight for?’” Todd Woodward, associate vice president for Marketing Communications, said. “The concept is built up around us being the ‘Fighting Irish,’ which is based on football. A new two-minute commercial now airs on NBC during every home game, asking viewers “What would you fight for?” Researchers at Notre Dame have created new technology to aid field medical workers with diagnoses. The commercial features the research being done at Notre Dame and the faculty who are spearheading the research campaign, including Dr. Chia Chang of the College of Engineering. “Notre Dame is full of amazing stories — incredible things our faculty and students are doing,” Woodward said. “To me it’s about why they are doing it … We want them to say this seems exactly what Notre Dame ought to be doing. It is so important that Notre Dame does this kind of work and it seems in line with their character.’” The commercial ends with Chang saying: “Fighting for innovative health care, we are the Fighting Irish.” The ad focuses on the academic work that is done at Notre Dame. The commercial also attempts to convey why the work is being done and why such work is important to a student or faculty member doing research at Notre Dame, Woodward said. “First rate medical care is a fundamental right for every person. Our hope is that our technology can make this a reality for everyone,” Chang said. “In the ads, we focus on what people don’t know about us,” Woodward said. “We want to bring awareness to the academic work that our students and faculty are engaged in, but look at it through a Notre Dame lens since we believe we are not like any other school, and our approach here is different.” “Football is critical to us, as is our Catholic identity, in communicating what makes Notre Dame unique.” Woodward said University President Fr. John Jenkins’ campaign to boost Notre Dame’s reputation as a prominent research university is showcased in the advertisement.
Related Shows Jake Gyllenhaal and Annaleigh Ashford are going to give us more to see! After the sad news that Gyllenhaal wouldn’t be reopening the Hudson Theatre with Burn This from February 2017, comes the happier announcement that the Oscar nominee will launch the venue by reprising his City Center performance in Sunday in the Park with George. Once again co-starring Tony winner Ashford, Stephen Sondheim and James Lapine’s classic tuner will play a limited engagement February 11, 2017 through April 23. Opening night is set for February 23 and tickets are now available to the production. Sarna Lapine directs.Gyllenhaal made his Broadway debut in Constellations. Other theater credits include Little Shop of Horrors at City Center, If There Is I Haven’t Found It Yet off-Broadway and This Is Our Youth in the West End. His numerous screen credits include Brokeback Mountain, for which he received an Oscar nod, Prisoners, Enemy, Source Code and Nightcrawler.Ashford won the Tony for You Can’t Take It With You. Additional Broadway performances include Sylvia, Kinky Boots, Wicked, Hair and Legally Blonde. She was a series regular on Masters of Sex and recently starred in The Rocky Horror Picture Show.The Pulitzer Prize-winning musical Sunday in the Park with George follows painter Georges Seurat (Gyllenhaal) in the months leading up to the completion of his most famous painting, “A Sunday Afternoon on the Island of La Grande Jatte.” Consumed by his need to “finish the hat,” Seurat alienates the French bourgeoisie, spurns his fellow artists, and neglects his lover Dot (Ashford), not realizing that his actions will reverberate over the next 100 years.No word yet on further casting, but the fall concert performances included Tony nominees Carmen Cusack (Bright Star) as Yvonne, Tony nominee Zachary Levi (She Loves Me) as Jules, Tony winner Ruthie Ann Miles (The King and I) as Frieda, Tony winner Phylicia Rashad (A Raisin in the Sun) as Old Lady, Tony nominee Brooks Ashmanskas (Shuffle Along) as Mr., Tony nominee Phillip Boykin (The Gershwin’s Porgy and Bess) as Boatman, Tony winner Gabriel Ebert (Matilda) as Franz, Claybourne Elder (Bonnie and Clyde) as Soldier, Lisa Howard (It Shoulda Been You) as Nurse, Liz McCartney (Les Misérables) as Mrs., Solea Pfeiffer (West Side Story) as Celeste #1, Gabriella Pizzolo (Fun Home) as Louise and Tony nominee Lauren Worsham (A Gentleman’s Guide to Love and Murder) as Celeste #2. The cast was rounded out by Max Chernin, Michael McElroy, Stephanie Jae Park and Jaime Rosenstein.The Hudson Theatre, which played its last Broadway performance on April 20, 1968, has been undergoing a multi-million dollar project, restoring the landmark venue to its former glory as a Broadway playhouse. It is owned by Millennium & Copthorne Hotels PLC and operated by the Ambassador Theatre Group, which recently secured Harry Potter and the Cursed Child for their other Main Stem venue, the Lyric Theatre. View Comments Annaleigh Ashford & Jake Gyllenhaal in City Center’s ‘Sunday in the Park with George'(Photo: Stephanie Berger) Sunday in the Park With George Show Closed This production ended its run on April 23, 2017
ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr Following several questions from members on how to handle unauthorized use claims when a mobile payment app was used to facilitate a transaction, NAFCU’s Compliance and Regulatory Affairs Teams are seeking feedback from credit unions on how they would like Regulation E error resolution responsibilities clarified.Credit unions who have experienced this issue are encouraged to contact NAFCU Senior Regulatory Compliance Counsel Jennifer Aguilar or Senior Counsel for Research and Policy Andrew Morris to share challenges faced and potential solutions. NAFCU is engaged with the CFPB on this issue to discuss how the bureau’s innovation policies could provide solutions.In a new post on the Compliance Blog, Aguilar notes the association has received questions related to:whether the credit union is liable for unauthorized transactions involving a payment app;whether the credit union may require the member to file a claim with the app provider first; andwhether the app provider is responsible for resolving the claim.Aguilar offers insights into Regulation E, which states “the ‘financial institution’ is responsible for resolving claims for unauthorized use, including being liable for the amounts if the investigation reveals the transaction was unauthorized.” However, she flags “the implementation of the prepaid rule has further complicated these already complex investigations.” continue reading »
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Source: Government Pension Investment FundThe carryover mechanism In the first year of the new fee structure being in operation, GPIF will pay 45% of the performance-based fee to the asset manager and carry over the remainder. From the second year onwards, the fees paid and retained will be a proportion of the sum of the performance-based fee for that year and the carryover from the year before.In connection with the long-term fee structure, GPIF promised to commit to “multi-year” contracts for its asset managers. The pension fund said it recognised that if asset managers were going to be under pressure to deliver good investment performance, it was in the pension fund’s interests to commit to “lengthy” contract periods to enable managers to meet their targets over the medium to long term.Such an arrangement was unprecedented for the management of traditional assets such as bonds and equities, according to the GPIF.The full report detailing GPIF’s new fee structure is available on its website .Addressing poor performance The backdrop to the changes was poor performance by the pension fund’s active asset managers, GPIF said.Around 20% of GPIF’s assets are actively managed, but during the 2014-16 period only a few funds had outperformed their targets.The asset owner recognised it could become better at selecting funds and that it was working hard to increase sophistication in this area, but said its fee structure also had a part to play.The GPIF’s current model – fixed annual charges with partial performance-based fees – meant asset managers were paid “considerable sums regardless of their investment performance”, the pension fund said.“They therefore have little incentive to set target excess return rates appropriately, to be innovative in seeking excess returns, and to control their management capacity, so a resolution of this issue was regarded as being far off,” said the GPIF.The performance fee The world’s largest pension fund is introducing a new performance-based fee structure in a bid to strengthen the alignment of interest with its active asset managers.Japan’s ¥163trn (€1.2trn) Global Pension Investment Fund (GPIF) has “drastically” cut the base fee rate to the same level as institutional passive accounts. It has also scrapped a cap on performance-based fees.GPIF has also introduced a “carryover mechanism” to its fee structure, designed to promote long-term investment (see illustration, below).Under this mechanism, the pension fund will hold back a portion of the performance-based fees calculated each year “to ensure that the amount of fees is linked with medium- to long-term investment performance”. Source: Government Pension Investment Fund