Archive for May, 2014

Annal Nayyar reports on Departmental advice to help schools and governing bodies review and revise school leaders’ and teachers’ pay and conditions

The advice is to help schools and governing bodies and  provided by the DfE: It assists in developing  their own process for making decisions on teachers’ pay in relation to the ‘School teachers’ pay and conditions document (STPCD) 2013’ Set the pay of school leaders and make other changes in relation to the ‘Interim school [...]

Annal Nayyar’s client states I would whole hearted recommend Fis-EdSolutions as I believe the school receives excellent value for money. I feel one step ahead and the unwelcome surprises are fading away

As a newly appointed first time Headteacher, I was very keen to audit the financial procedures within the school. Annal Nayyar was recommended to me by a local Headteacher, who had been in a similar situation.   I can honestly say this was one of the best decisions I made and have not looked back. After [...]

Annal Nayyar and Fis-edsolutions ltd provides an update on the Sponsor Capacity Fund

DfE announces Sponsor Capacity Fund (SCF) for Academy Sponsors – a one off fund of £75,000. See here for further details

Annal Nayyar and Fis-edsolutions ltd provides an update on the Priority School Building Programme

On 1 May 2014, the Minister of State David Laws announced the Government’s plans for a second phase of the Priority School Building Programme (PSBP). The new phase, to be valued at around £2 billion, will run over the next Spending Review period, from 2015 to 2021. The original Priority School Building Programme worked on [...]

Annal Nayyar provides an update on the Academies Capital Maintenance Fund

The EFA provides maintenance funding for academies to improve the condition of school buildings and expand facilities. Round 1 of the funding application process is closed but further information about applying for round 2 will be available in late spring 2014. Funding allocations will be announced in October 2014. See here for further details

Fis-edSolutions ltd and Annal Nayyar report on the proposed Employers Contribution to the Teachers Pension set to increase from September 2015

HM Treasury (HMT) has published the final Directions and the expected outcome of the Teachers’ Pension Scheme valuation is a total contribution rate of 26%. The Teachers’ Pension Scheme proposed final agreement provides that scheme members will pay an average contribution rate of 9.6%, with the balance falling on employers; meaning that the new Scheme [...]

Fis-edSolutions ltd and Annal Nayyar report on Employers National Insurance contributions set to change with Contracting-out status for defined benefit pension schemes set to end wef 6 April 2016

The changes announced in the DWP White Paper ‘single-tier pension – a simple foundation for saving’ will be considered for Royal Assent in Spring 2014. If Royal Assent is given it will mean that the contracting-out status will be removed from Defined Benefit schemes with effect from 6 April 2016. See here for further details [...]

Fis-edsolutions and Annal Nayyar – Teachers’ Pension Scheme (England & Wales) as published

This Estimate provides for the payments of pensions and lump sum benefits to persons covered by the Teachers’ Pension Scheme (TPS). The rules of the scheme are contained in the teachers pension regulations 1997 (as amended). The scheme is an unfunded, contributory, public service occupational pension scheme and applies mainly to teachers employed in schools [...]

Fis-edsolutions ltd and Annal Nayyar reports on capital opportunity for schools via the DfE

The Department for Education (DfE) has announced that it will fund a further phase of the Priority School Building Programme. Around £2 billion will be made available. The intention is to undertake major rebuilding and refurbishment projects to address the needs of those schools in the very worst condition. Local authorities, dioceses, academies, and multi-academy [...]

Annal Nayyar and Fis-Edsolutions provide further reminder on Business Manager Grants across primary’s

The DfE  has made a grant available for small groups  of primary schools to work in partnership  to appoint a School Business Manager . You can apply for the grant of £25,000 match-funded  till  13 June 2014.