Trust Law Essay Example | Topics and Well Written Essays - 1000 words

Trust Law - Essay Example The reason that a review of the role and contribution of the law of trusts to the law relating to pensions is important is because in 2004 alone there were 927 billion worth of private pension funds under management in the UK, holding 16 per cent of the domestic ordinary share market, which is the largest in Europe and third largest in the world (Slattery and Nellis, 2004).Today pension funds of several British Corporations run into larger amounts athat their own market capitalisation (Slattery and Nellis, 2004). The law relating to pension schemes is derived from the old trusts law(sometimes even dating back to the eighteenth century). Cooper, D.R. (2000) . Even though the courts have recognised the different nature of pensions as compared to traditional trusts it seems that there are still gaps in this area.(Hales, C., Gough, O 2003) Private sector pension schemes are set up as trusts and a trust fund will be created to which the employer has to contribute(sometimes the employees may be required to contribute as well). The concept of trust developed with the purpose of the facilitation of the passage of inheritance and property to a trusted party (trustee or trustees) for the benefit of a third party (beneficiary or beneficiaries).Therefore when trusts are set up in the form of pensions for employee benefits the current and former employees along with their family members become the beneficiaries of this scheme. Hales, C., Gough, O. (2003) These schemes allow the trustees to own the legal title to the assets of the scheme and invest this .They must invest this capital for the benefits of the members of the scheme and look after the interests of pensioners and the current employees. Hales, C., Gough, O. (2003) Best interests have been defined as those confined to monetary goodwill i.e. being able to obtain maximum amount of pension through the prudent investment of the trustees. In this regard the Pensions Act 1995 puts an obligation upon the trustees to make prudent and risk free investment decisions. The Act prevents them from escaping liability through exclusion clauses in the deeds and must take care in ensuring that a proper person is appointed for the purposes of managing such investment.The trustees will be able to draw up a statement of investment principles.They will be able to decide upon whether a member leaves the scheme and whether to pay a certain person earlier due to death or ill health. The most significant intertwining of the law of trusts and law of pensions occurs when the Courts refuse to intervene into the trust matters following the extensive powers conferred upon the trustees to make decisions. (Duncan, C., Loretto, W., White, P.2001).However the Court will be prepared to intervene to ensure whether these powers have

Career Development Personal Statement Example | Topics and Well Written Essays - 1250 words

Career Development - Personal Statement Example I thought a lot about my next steps after graduation during my studies, and finally I decided to take up a Kimberly-Clark graduate program. I felt I still had lots of things to learn, and this program, which offered moving jobs, was an ideal way to acquire knowledge and experience, to get acquainted with various operating strategies and techniques, to see the different working styles. Besides, Kimberly-Clark is a very successful company, and it has a lot to offer to its employees. I was fascinated by the possibility to study from people who created and managed one of the biggest and most successful companies in Europe. Working for Kimberly-Clark is my first working experience in the field of Supply Chain Management, and I feel I've made the right choice. When I decided to study for to get the Supply Chain Management degree, I considered the possibility that some day I would have to change my occupation for some reasons. I found that the Supply Chain Manager can easily transition to Purchasing Management, Logistics and Procurement Management. Of course, the specifics of work is different for each of those specializations, but the basic education the Supply Manager has allows him/her to adapt to the new working requirements and get needed knowledge in a relatively short period of time. The supply chain management software can be divided into two major groups. Those are Supply chain planning (SCP) software and Supply chain execution (SCE) software. Supply chain planning (SCP) software is used for to improve the efficiency of the supply chain. The characteristic feature of this software is that it is entirely dependent from the accuracy of the information you feed it. This type of software is used for to track the quantity and whereabouts of materials or goods, for predicting the quantity of products the customers will need next month/year, etc. There are applications designed for each stage of the working process, and each of them has its specific functions. Supply chain execution (SCE) software is used for automating the different stages of the supply chain, like electronically routing the orders for the needed materials to the suppliers. The accuracy and reliability of the software depends on the accuracy and reliability of data you feed it. The updates to supply management software are produced frequently, and I usually install them, as I feel I should use all of the opportunities the manufacturers of this product present, as it makes my job much easier. Every day on my working place presents me some new tasks and challenges, and I rarely do some routine work. Of course, there are some things I usually do, but there is not much of them. My typical day in the office may start from responding to the requests the market sector manager makes. For example, he may request me to present a report on savings achieved by the market sector, as he does once a month. Than I would devote my time to planning next steps of the project and having meetings with my project team. At the end of the working day I may organize a meeting with the suppliers and discuss their performance during the last year. Of course, there is more movement on the market before holidays, and I have more things to do and to plan. Christmas and New Year time are the busiest, as the amount of orders increases, and, of course, there are a lot of tasks to finish at the end of the fiscal year. The goods Kimberly Clark produces are in demand 365 days a year,

Analysis of the book First Globalization by Geoffrey C. Gunn Essay

Analysis of the book First Globalization by Geoffrey C. Gunn - Essay Example We will first focus on chapter seven of the book which is titled civilization encounters; this chapter focuses on civilization, Asia's first encounter with civilization was the arrival of missionaries and merchants. Although there was resistance to the Jesuit in china and the restriction of importing European text, there was a change in the people's way of life due to the western culture. People started to adopt the western culture and this can be termed as globalization. Catholic missionaries arrived in Japan in the year 1549, the missionaries were Portuguese and Spain sponsored Jesuits, religion was seen as an integral part of the state and also seen as having extra benefits other than spiritual benefits. Chapter six is entitled enlightenment views of Asian governance, this chapter focuses on the adoption of various forms of governments in Asia, there was high acceptance of forms of government which was influenced by earlier Jesuit writings, Baron however used travel literature to critique despotism in china and also Muslim courts, and it was Plato's idea that china be ruled by a king. The enlightenment of the whole of Asia through adoption of various forms of government also led to early ... Chapter eight is titled livelihoods, this chapter focuses on the introduction of records in Europe concerning Asia, and an example is Luis De Frois who wrote about the differences in early modernity between Japan and Europe, another example is the work of Marco Polo who wrote about the everyday life of china, this writings significantly changed the peoples way of life leading to people learning other languages and the emergence of the major European languages. Written literature worked as a way of popularizing the knowledge and ideas of a certain region, for example the invention of vital geographical knowledge by Europeans who also gained more information from the Arabs. This was aided by the invention of the print media in Europe leading to more and more regions being popularized. There was also the emergence of the alternative literature which was referred to as alternative due to the fact that it seemed to mock the real text, it was characterized by abstract scientific ideas and a good example is the well known book Gulliver travelers, this book however portrays a lot of Asian history and wisdom. Chapter nine is titled language, power and hegemony, the author describe the success of missionary in Asia as a result of mastering the Asian languages, the missionaries were the first lexicographers of the Asian languages while the Portuguese used their own language to their conquest or even worked with interpreters. European colonizers proclaimed the superiority of their language to their conquest and therefore through this there was the adoption of European languages. There was also the emergence of the translation of European literature that would as a result aid in scientific learning by various regions, this

Early Childhood Website Critique Essay Example for Free

Early Childhood Website Critique Essay Earlychildhood. com is a website that provides an ample amount of information on providing the proper care and educating young kids at a low cost. This site offers teachers, caregivers and parents ideas and concepts related to child development. Moreover, the early development stages are the most crucial time for children because this is the point when they get a chance to explore the things that surround them. More so, the guardians of these children must be responsible and knowledgeable enough to gear them towards the right direction. There is a comprehensive collection of date incorporated in this website which is comprised of tips on where to buy discounted school supplies, sources for childcare, forum about enhancing the learning environment and many others. Overall, this site is like a one-stop shop for those who want to know everything about child development from learning materials to scholarly resources to the opinions or words of wisdom from fellow teachers, caregivers and parents. Among all the sections featured in the site, the Discount School Supply was the one that caught my attention. It contains a list of equipment and materials needed in educating children. Additionally, it is a 500 pages online catalogue of â€Å"arts and crafts materials for early learners with a single focus which is to offer the highest quality products at the lowest possible cost supported by an extraordinary level of service. † Also, another aspect of this section that suggests high-quality products and services is the inclusion of â€Å"e-commerce websites, a news magazine and thousands of arts and crafts materials, school supplies, educational toys and instructional materials† wherein most of these were designed for earlychildhood. com (Earlychildhood. com, 2008). I believe that this part of the website can really help in giving teachers, caregivers and parents awareness on the variety of learning products out in the market. More so, it provides free delivery to all the products that will be ordered making it an inexpensive and yet practical way of acquiring resources which are usually expensively priced, to enhance the development and progress of children. Meanwhile, in terms of strengths and weaknesses of the site, there are features that have advanced the objective of website and there were also missing elements that would have made the look of the site more professional and more interesting. For the strengths, the site had tackled the different aspects needed to properly and successfully teach adults about the significance child development for the welfare of the children. Also, the websites or the sections embedded within Earlychildhood. com were well-structured and the contents were highly-informative and very helpful to the readers. Meanwhile, for the weakness of the site, the layout of the main page was not systematically arranged and some vital information was excluded such as the background information about the site and the people behind it. In addition, it should have a site map in order for the readers or viewers to easily navigate the entire website. If these things are addressed by the website coordinator or designer, Earlychildhood. com can provide a trouble-free access to all those who want to see and obtain helpful information about proper childcare. Furthermore, this website can serve as a reliable source for a research that involves childcare and child development. It has all the necessary facts and information including current news, teaching modules, learning materials, scholarly articles and recommendations from professional or people working within the field. Through all of these, collection and dissemination of information will be uncomplicated which is very beneficial when doing research. References Earlychildhood. com. (2008). Discount School Supply. Retrieved October 3, 2008, from http://www. discountschoolsupply. com/Help/HelpFAQTopic. aspx? help_faq_id=25

The prison situation in the United States is a growing problem Essay

Why do we choose to break the law? It’s socially accepted, most people break the law in a minor way, perhaps by speeding or J-walking. Unfortunately some people go to far and end up in prison. At that point society is divided, where is the line that separates us? What affects the outcome of what side of that line you are standing on? Education? Environment? Genetics? What would cause one subject to end up in prison while the other raises a family? Some researchers have concluded that it is in your genetic makeup. From the beginning of your life it’s already decided if you will be a law respecting citizen. Though you can’t deny the importance of the environment you were raised in. A majority of people currently imprisoned is there largely because of social situations they experienced as a child.   Ã‚  Ã‚  Ã‚  Ã‚  The prison situation in the United States is a growing problem. â€Å"Within five years (1986-1991) the prison percentage increased 58 percent† (Bureau of Justice statistics). Not only has the prison population increased but also the criminals now have a higher percentage of violent offences. Between 1995-2001 property, drug and public order crimes all dropped in the percentage of sentenced state inmates. Though at the same time general prison population rose slightly due to an increase in violent offenders. With this increase in the number of violent inmates it’s inevitable that the amount of violence within prison will increase. The presence of increased vio...

Hamlet vs All My Sons Essay

There have been many women in history who are known today by their different characteristics. For example Beverly Allitt, known as the â€Å"Angel of Death† a pediatric nurse who killed 4 children and injured 5. Queen Victoria supported an act of parliament 1938 which abolished slavery in the colonies of the British Empire. This goes to show that although people may think women are all alike, they are most definitely not. Kate Keller of Arthur Miller’s All My Sons and Gertrude of Shakespeare’s Hamlet are both very different characters who share but very few similarities throughout the two plays. Ones knowing of their partner’s crime committed, one’s action of lying, and their different levels of intelligence, all prove that the two women are both different. Incorporated in both Hamlet and All My Sons, are mysteries. In Hamlet of course, is the mystery of Hamlet’s father’s death. Who murdered him? Claudius, we know. However Gertrude did not know. There is no evidence that she had any idea of it, although Hamlet does accuse her, at one event in the play, of knowing that Claudius is a killer. Whereas Kate from All My Sons knows everything about what her husband Joe, has done. She knows he is guilty of the deaths of the pilots. It is evident from the beginning of the play that Kate is in fact guilty of something. When Ann shows up, her behaviour towards her is strange, and of course, she acts this way because she is afraid that Ann may know something that will bring the truth out. She will not let go of the possibility that Larry is alive, which brings in foreshadows. For example when she says to Joe, â€Å"You above all have got to believe, you†¦Ã¢â‚¬  (1.309-312) Ann’s brother George goes by the house shortly after Ann arrives. He had just visited their father in prison, and has come full of rage. Kate notices, and quickly lures him in with her charm, and motherly characteristics to make him almost forget why he was angry, to protect her and Joe from the secret they have been keeping. This is a big factor which differentiates the two characters, Gertrude and Kate. One knew of the crime committed, and the other did not. Kate from All My Sons seems to be a very clever woman. In fact, she is extremely intelligent. She is aware of everything that could go wrong. She is very careful in what she says and does, and she knows how to handle any bump in the road. She does so, throughout the play, like when Ann’s brother George arrives. However, her being intelligent does not make her a very rational character. 3 years after the disappearance of her son Larry, she still hopes to believe he is alive. She clings to that idea. She believes in any given â€Å"sign† or superstition. Like for example the whole situation of the horoscope. Gertrude from Hamlet is less intelligent. She is more ignorant. She is taken in by Claudius’ looks and charisma, and quickly marries him. You would think she must have known about Claudius being her husband’s murderer, jumping in to a marriage with her brother in-law so quickly. However, she knows nothing. It was no act of mischievousness, only an act of ignorance, showing she may not have even loved Hamlet’s father at all, or very little. Hamlet also acts strange around Gertrude. He is disgusted by his mother’s actions. Gertrude does not have a clue as to why he acts that way, until he tells her. Only then does she realize her actions were been wrong. Kate is a woman known to have a large capacity for love. She loves her family, evidently. She does however have an even larger capacity for lying. She knows that Joe sent out the cracked cylinder heads out, and caused the death of several pilots. She and Joe both keep the secret. She hopes and prays that her son Larry is still alive to not have to deal with the fact that his own father was the cause of his death. She states, â€Å"As long as you live that boy will be alive, that boy is alive. God does not let a son be killed by his father.† Gertrude on the other hand does not lie the way Kate does. Yes, she does lie to herself about the possible consequences of her poor actions, but I wouldn’t see it as particularly lying, I see it more as ignorance. Simply, she is refusing to believe the truth. Therefore, Kate Keller is a liar, while Gertrude is not. You may say that both Kate and Gertrude share the same motherly characteristics. They both have strong connections with their sons. Nevertheless, Kate seems to have a more genuine love for her son. Gertrude is more selfish. She hurries in to a marriage soon after Hamlet’s father dies, and does not think of the harm it will do to her son. Kate, although she does lie, shows that she genuinely loves her sons, and that she always wants the best for Chris. It is clear that Gertrude of Shakespeare’s Hamlet and Kate Keller of Arthur Miller’s All My Sons are two very different characters. Gertrude is innocent, in not knowing the crime Claudius has committed, where Kate Keller does know the crime her husband has committed. Both women have different characteristics. Kate being smarter than Gertrude is one of them. And lastly, share a different love for their sons. owner

Png Lenor Case Study Analysis

Recommendations * Relaunch the 3:1 concentrate temporarily, but invest heavily in R&D for a more permanent solution * Aggressively re-launch 3:1 concentrate. * Advertise and emphasize on its environmental benefits due to reduced packing materials. * Focus on generating more sustainable solutions * Invest in R&D for adapting real eco-friendly solutions. Rationale * This form of product was already launched previously and has proven to be successful (people bought it for a 10 times higher price). It costs lesser to re-adapt to an older version. * People are more used to this version of packaging and can accept it better * Cost Savings can be re-directed to R&D to obtain a more sustainable solution * Doy Pouches and wax-coated cartons do not create an eco-friendly image * These new packaging's may create expectations of similar packaging for other products * These packages are not exactly sturdy and durable (leakage problems). The carton refill package resembles the milk carton packagin g which could face regulatory complications. Action Plan * Advertisements about 3:1 concentrate highlighting its supreme efficiency (maybe include some tangible R;D results to drive home the message) * Create awareness about the environmental benefits due to 45% package saving. * Invest heavily in R;D to develop eco-friendly degradable material (e. g..Bioplastics) * Create hype about the money saved by opting for the Lenor concentrate pack, being re-directed towards development of green packaging material that might be adapted not only across P;G products but across all plastic packaging. * Promote slogans and campaigns about P;Gs efforts to care for the environment * Create the image that by buying P;G products, people are indirectly investing in protecting the planet * Conduct feasibility analysis and take efforts to implement the new fully-degradable material across all products