Family tax breaks for nanny costs will aid staff retentionOn 25 May 2004 in Personnel Today Comments are closed. Previous Article Next Article New tax breaks for middle-income families, to assist with nanny costs, willhelp employers retain staff and use their skills to full advantage, accordingto the head of the Equal Opportunities Commission (EOC). Julie Mellor, chair of the EOC, said: “Four in 10 mothers and one in 10fathers have had to give up or not take a job because of the difficulty ofreconciling work and family responsibilities. “This will enable many people to continue with the kind of work thatsuits their skills.” Due to start next April, the scheme will enable parents on a combined incomeof up to £43,500 to claim up to £135 a week for one child and up to £200 a weekfor two. It also covers after-school and holiday clubs for the over-sevens. Many parents are not eligible for the current child tax credit because theydo not work standard nursery hours. Martin Hinchliffe, HR director at Welcome Break, thinks the scheme will havea big impact on some of those parents who could not otherwise afford nannycosts. “People at higher levels might be travelling some distance to work andneed extended childcare. It will help them,” he said. Sarah Jackson, chief executive at the Working Families organisation, said HRprofessionals need to spread the word about the scheme. “Employers need to make sure employees know about it and how to doit,” she said. “It’s a torturous process applying for taxcredits.” Related posts:No related photos.
Investors pressuring Japan’s Mizuho Financial Group to stop financing coal projects FacebookTwitterLinkedInEmailPrint分享Reuters:Investors with nearly $200 billion in assets holding shares in Japan’s Mizuho Financial Group say they plan to back a shareholder motion urging the bank to cut its lending for coal and other fossil fuels, they told Reuters on Friday.In an unusual showing of hands weeks before Mizuho’s annual general meeting in June, Norway’s largest pension fund and life insurance company, Kommunal Landspensjonskasse, Storebrand ASA and Denmark’s MP Pension said they would support Japan’s first climate change resolution.It marks the first time a Japanese publicly traded company has faced a shareholder climate change resolution.While they represent only a fraction of shareholding rights, their support for the resolution brought by Kiko Network, an activist group and shareholder in the bank, the investors’ support adds to the pressure on the bank, which has already tightened its lending policies but critics say more is needed.“As we await new strict coal and fossil fuel policies from Mizuho, we will without a doubt support the new climate change-based shareholder resolution…at this year’s annual general meeting,” said Jeanett Bergan, head of Responsible Investment at KLP, which has more than $80 billion of assets under management.The resolution sent to Mizuho management last month calls on the bank to outline a plan and set targets so that its business practices are more in line with the Paris Agreement, the global pact to fight climate change. Similar shareholder resolutions have succeeded in getting banks to stop financing coal and other fossil fuels. Policymakers and regulators are also pressuring financial firms to do more to accelerate the move to a low-carbon economy.[Aaron Sheldrick]More: Investors line up against Mizuho support for coal