These adverts enable local businesses to get in front of their target audience the local community. PFI Board of Directors News, page 8 Committee Updates, page 11 PFI PELLET FUELS INSTITUTE 1901 N. Moore St., Suite 600 Arlington, VA 22209 (703) 522-6778, FAX: (703) 522-0548 www.pelletheat.org 2012 Issue #2 President's Message As we draw closer to the end of summer, a few important inaccuracy or intrusion, then please This set of two directors' chairs has six fresh colors of water-resistant fabric, stretched over an earthy, dark teak wood frame. Many PFI contracts came with strings attached, facilities maintenance often subcontracted on a long-term basis as part of the deal. Member of the Board of Trustees of the Brookings Institution. Angela recently joined PFIs Board in February 2023. 'When it was first proposed, Frank Dobson (the then health secretary) told us it was signed, sealed, delivered. Whether it's Blair . Tom Bristow, a journalist with the Eastern Daily Press who has written stories critical of the results of the PFI deal, also wrote earlier this year about how the claim that the Blairs are directors of Octagon is false. MPs on the public accounts committee say Octagon used a refinancing deal of the Norfolk and Norwich PFI (Private Finance Initiative) hospital project to boost the investors return by a gigantic 153 million, and to increase the liability of the hospital trust to 257 million if it needed to terminate the contract early. . Kam works closely with the rest of the PFI finance and property teams, with a particular focus on the accounting for PFI's tenants and properties. To look at it another way, a quick calculation reveals that the outstanding PFI payments would cover the pay for all the nurses, full-time consultants and GPs for 10 years. [19], In 2011, a Care Quality Commission inspection found that the hospital was in the moderate concern category with regards to nutritional screening. District 2 (North Central): Mark Tjelmeland, When hospitals are so full that there are no intensive care beds, no hospital beds at all, and essential operations are being cancelled because there's simply no one to do the surgery, then every option carries undue risk".[23]. She astutely points out the great irony that PFI was once hailed as the largest NHS hospital-building programme; in fact it is likely to end up becoming the largest hospital closure programme. PFI companies are already arming themselves for the prospect of a Corbyn government, as has been recently reported. Inevitably, this raises pressing questions as to what kind of resolution might emerge when there are so many entangled vested interests. It hosts the Norwich GP speciality training scheme. 3 It has found that government does . Various executives from big banks. THE Octagon private sector consortium has been branded the unacceptable face of capitalism by a House of Commons committee. PFI, it could be said, underlines that austerity is a political choice rather than a necessity. She is currently the Chair of Halberg Foundation and a director of WEL Networks, Green Cross Health, and Vulcan Steel, and she is also an investment committee member at Oriens Capital. District 2 (North Central): Mark Tjelmeland, That includes 20.7m in operating expenses and 29m in non-operating expenses the lease, interest and financing the debt to Octagon. The earliest post I could find was from May 4 at 6pm from someone called Bob Hunt who mainly posts about Brexit and Muslims on his page. This provided an extra 95 million for the five companies that make up the Octagon consortium, tripling the rate of return to investors, with 34 million going to the NHS trust. Jon Wiegand Head-Power, UK Global Broking Center. So why do they think this? Emma works with all parts of the company and provides support to the Head of Sustainability and Operations in a varied role dealing with risk and compliance, health, safety and wellbeing, governance support, and sustainability. 15 Galway Street Sir Howard Davies, chairman of the Royal Bank of Scotland (RBS), recently made an astonishing admission on BBC1s Question Time when he stated that private finance initiatives (PFI) had been a fraud on the people. To make matters worse for the hospital, the busier it gets, the more it has to pay Octagon and demand on it has soared. Other regulatory action awaits, with ongoing. Powerlinebd.com 01760002011 Power Line. Norwich South MP Clive Lewis said: 'Successive governments' decisions to use PFI was like signing up for the worst credit card deal on the comparison site.' Photo: Stefan Rousseau/PA Wire (Image: The Press Association). Inside, the first impression is that it is state of the art. Mr Prices post has had 3,500 shares and more than 500 comments, mainly insulting the Blairs. He said he did not get a glimpse of the PFI deal in the late 1990s before the hospital was built. It promotes hate, damages peoples health, and hurts democracy. Prior to that, Rodrigo was involved in the management of a nationwide government property portfolio and worked in commercial management within the aerospace industry in Germany. Madeline Serpico US Chief Executive Officer-Multinational Clients. contact IPSO here, 2001-2023. The entire London Chest hospital has been sold off and will be replaced with a housing development. Weightmans LLP > The Legal 500 Rankings Dispute resolution > Professional discipline Tier 1 Further to its June 2022 merger with RadcliffesLeBrasseur LLP, Weightmans LLP's large This is the same HSBC which has been forced to pay vast sums to cover the cost of PPI mis-selling and fines levied in the US in connection with a money-laundering scandal. As reported in Saturday's EDP, it has had to put expansion plans to its A&E on hold because of a lack of cash. Full Fact fights for good, reliable information in the media, online, and in politics. Revealed: How shareholders of PFI firm are making millions from cash-strapped Norfolk and Norwich University Hospital Health By Tom Bristow The N&N under construction in July 2001 (l). A story I wrote in 2016 about how the deal to build the Norfolk and Norwich Hospital (NNUH) has financially crippled it, keeps surfacing at the top of my daily web figures for the EDP. From 1999 through to 2017, Dean was Managing Director of Freightways Limited (Freightways). The majority shareholder in Innisfree is Jersey-based Coutts & Co, which in turn is part of the RBS group. And it now looks like they might be brought in to administer the last rites. She is also a Chartered Accountant (South Africa). Thanks to Bytemark for donating our web hosting. David advises a wide range of New Zealand and international businesses and significant public-sector clients including Panuku Development Auckland, The University of Auckland, Victoria University of Wellington Te Herenga Waka, and Museum of New Zealand Te Papa Tongarewa. This was true as of the year 2017-2018, with payment charge for that year recorded as 59 million. in the PFI second . All directors are appointed by shareholders at PFI's annual meeting. The N&N, which is in financial special measures, estimates it is paying Octagon 57m this year. Start your Independent Premium subscription today. Privacy, terms and conditions. The board currently has five directors, four of whom are independent directors and one non-executive director. Mr. Bacon wrote about the financing of the hospital on his website; "The Department of Health would not allow the hospital to include a refinancing clause in the original contract. He said: 'I think a further formal request should be made along the lines: 'You have benefitted massively from this flawed deal. Director since 2012, last re-elected May 2021. One man even threatened to kill the Blairs because of this untrue post. Leo Benjamin, 17636 Birch Ave., Whiting, lA Sl063. The estimated total pay for a Account Director at Octagon is $141,107 per year. The policy was first implemented under John Majors government and continued by Tony Blairs government. Sav graduated from the University of Auckland with a conjoint degree in Commerce and Property. The estimated additional pay is $34,101 per year. Jeremy Corbyn hailed the potential halt of the Lendlease scheme as a victory for municipal socialism, with top-down progressive leadership combining with bottom-up local campaigning to deliver a rare victory for citizens over what are often deemed to be unaccountable corporate interests. In addition to his Managing Director role, Dean was also a director of the public policy think tank The New Zealand Initiative and its predecessor the New Zealand Business Roundtable from 2011 to 2015. 'Otherwise you are stuck with it for years and years.' Jesus Soriano, Program Director, pfi@nsf.gov; (703) 292-7795 Katie Bratlie, Program Director, pfi@nsf.gov; (703) 292-2638 Samir Iqbal, Program Director, pfi@nsf.gov; (703) 292-7035 For questions, please refer to the cognizant PFI Program Directors listed above. In January 2019, Craig was appointed asChief Finance and Operating Officer. Workers Revolutionary Party. [17], The hospital was placed on black alert in November 2007 when it ran out of beds for a time. The Blairite Third Way would somehow square the circle by delivering new schools, hospitals, roads, railways and prisons without the debt or inefficiency of the public sector. (712) 458-2001. Prior to joining PFI, she held roles in hospitality, retail and travel. Director - PFI Advisory Zeemac Vehicle Acquisition & Fleet ServicesSouth East, South-East District, Botswana Apply Join or sign in to find your next job Join to apply for the Director - PFI. (712) 466-2473. Quote Tweet. Neom is a project aiming to construct a huge new smart city on the Red Sea coast in the northwestern Saudi province of Tabuk. The hospital was built using a PFI. Rodrigo holds a property degree from Lincoln University and has over 12 years of experience, with the last five years specialising in the management of syndicated properties across New Zealand. As researcher and campaigner Joel Benjamin of The People vs PFI (full declaration: I have made Joels acquaintance in recent years) has written: Politicians did not simply wake up one morning and declare that banks should finance and own schools and hospitals, off-balance-sheet, via offshore tax havens, they were lobbied by City interests, prior to the implementation of PFI.. Ive been getting some weird emails recently. The hospital is forecast to run a 32m deficit this year and must find savings of at least 22m by March 2017. Ewan joined PFI as Asset/Development Manager in 2015and was promoted to Portfolio Manager in 2020. This meant the hospital had no right to receive any proceeds from the refinancing at all, let alone the 29% share it eventually secured. The hospital estimates the deal is costing it an extra 20m a year than a non-PFI deal. All directors are appointed by shareholders at PFIs annual meeting. Edward Leigh, chairman of the committee, describes the deal as the 'unacceptable face of capitalism'. It was later privatised with the shares sold off to financial institutions including Barclays, HSBC and RBS. The Pet Food Institute (PFI) has selected Dana Brooks as the organization's new president and chief executive office. . The report noted that the consortium was receiving an over 80 million pound windfall from the deal, and the National Audit Office said that the windfall was the third it had uncovered after complaints from MPs and the public. A spokesperson for People vs Barts Health PFI campaign group informs me that nationalisation of the Special Purpose Vehicle would be necessary or perhaps even outright termination of the contracts. Among the comments were links to the EDPs article about the PFI deal from 2016, which explains why it is being read again. As one comes out of Whitechapel Tube station, the new Royal London hospital certainly looks impressive. Rodrigo joined PFI as Asset Manager in 2020 and was promoted to Asset and Development Manager is 2022. Ewan has a valuation background and is a graduate of both Lincoln and Cambridge University. 2016: Octagon's reports record profit and pays almost 7m to shareholders through dividends. For PFI to be comparable, it should be capable of subsequent validation by comparison with outcomes in the form of historical nancial information. Karen O'Donnell Client Director-PFI & Infrastructure Team. The Octagon was a suitable home for a president. PFI is a method of funding the upfront costs of public projects with private money, lifting the immediate financial impact off of the public and the government and replacing it with longer-term payments to the private sector. Coverage By Practice Area West Midlands Back to United Kingdom - Solicitors. Angela is also a qualified lawyer with significant expertise in environment and property law. However, it is not true that Tony or Cherie Blair are, or have ever been, directors of the companies that make up the Octagon Healthcare Group. This figure may certainly prove to be questionable. Full Fact fights for good, reliable information in the media, online, and in politics. The board currently has five directors, four of whom are independent directors and one non-executive director. Semperian Executive Emma Lancaster Managing Director of Assurance Services Becky Brunt Managing Director of Business Support Alan Birch Chief Executive Officer Andrew Rhodes Deputy Chief Executive Jonathan Simpson Chief Finance Officer Gary Brown Chief Operating Officer Richard Little Chief Investment Officer Colin Anderson Group Counsel The Octagon Sports & Entertainment Network (OSEN), within the Interpublic Group (NYSE: IPG), encompasses industry leaders Octagon, R&CPMK, Milkmoney, Futures Sport & Entertainment, FRUKT and No2ndPlace.This formidable family of agencies specializes in sports, entertainment and lifestyle marketing, and public relations for brands, athletes, and celebrities. She has been acting as the CVM's director since Steven M. Solomon's retirement in December 2022. This number represents the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. Kam is a graduate of the University of the South Pacific and completed a Bachelor of Arts majoring in Accounting and Financial Management, Management and Public Administration and is an Associate Chartered Accountant. Do Rishi Sunaks claims about hospital discharge funding stack up? [1] She has more than 35 years of experience in the socio-development sector. It is 'Rented' to the NHS by a private company called PFI Octagon at a cost of over 50m a year until 2037.. But when the financial crisis was followed by the diktats of austerity, PFI began to unravel. The proposed variation to the PFI contract . Pamela works closely with the Property team and other members of the Finance team of PFI. My comment telling them theyve got it wrong, will be lost amid the 500 comments and anyway it is too late. Company website; Company jobs; . The original cost of the project was 1.1bn. He said that, in his opinion, 'every penny of profit that leaves our NHS to go to the shareholders of companies like Octagon could instead be used on patient care'. The past month has seen the demise of construction giant Carillion followed by the collapse of Capitas market value: both firms having built huge empires by providing outsourced services to public authorities. A Gannett Company. PFI is the voice of US pet food and treat makers and reports that its . Our multi-disciplinary team comes from a variety of backgrounds and has expertise that stretch across many sectors, enabling us to provide intelligent, joined-up thinking. Collectively our team has over 120 years of property experience, andthe key individuals have extensive experience in the ownership, management and development of industrial property. 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