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Stay Active

How Staying Active Can Benefit Your Work

1024 576 Rachel Le Feuvre, Reset Button


Finding the time to keep fit while doing a busy, sedentary job is something that many find tricky, if not impossible, to do. However, exercise is easier to build into your routine than you may think.

It is all about getting into the habit of doing something every day whether walking/cycling to and from work, jogging or going for a brisk walk around the block during your lunch break, skipping, walking up stairs instead of taking the lift, playing a game of tennis after work ……… it doesn’t matter what you do but try and do something!

Exercise has many proven benefits. Here are ten particularly relevant to the workplace:

1. Improved memory & concentration levels – numerous studies have found that regular exercise helps improve both memory and concentration.

2. Better Sleep Quality – exercise has been proven to help you go to sleep faster, sleep better and wake up feeling properly refreshed.

3. Improved Self-Esteem – helps improve our sense of well-being, personal value and self-esteem.

4. Boost in Energy – regular exercise will help increase your energy level – very helpful when it comes juggling between work, home and everything else a busy life throws at us! Experts have found that low intensity exercise (for example a leisurely walk) will result in a drop in fatigue as well as increasing energy levels by 20%.

5. Stress Reduction – exercising helps to dissipate hormones and other chemicals that build up during stressful periods.

6. Prevention of Cognitive Decline – regular exercise, especially between the age of 25 to 45, helps boost the chemicals in the brain that support and prevent the degeneration of the hippocampus (memory and learning).

7. Greater Brain Power – studies have shown that cardiovasculor exercise can create new brain cells and improve the overall performance of the brain. A tough workout will increase levels of BDNF (a brain derived protein) believed to help with decision making, higher thinking and learning.


8. Decrease Anxiety & Depression – it is well known that exercise releases endorphins that create feelings of happiness. In fact, in many cases exercise can be as effective at dealing with depression as anti-depressant pills. And, for anyone prone to anxiety it will help them to calm down.

9. Increase in Creativity – a good workout will boost creativity for up to two hours afterwards!

10. Less Long Term Health Issues & Diseases – exercise has been proven to lessen the chances of having long term health issues and diseases. In fact, studies have found it will even help to lengthen your life by as much as 4 years when you do five hours of exercise per week.

Hopefully these ten benefits will encourage you to keep active and enjoy a productive, happy and long life. If you would like more information, advice or help in putting together an exercise plan please get in contact with the fitness experts at The Reset Button via

Why not try our Mindfulness Mini-Course : ‘Calm Your Mind’ available FREE on itunes: Calm Your Mind


Malta: The EU Domicile Allowing a Protected Cell Company Structure

1024 683 Jatco Insurance


Malta is one of the very few domiciles which allow a Protected Cell Company (PCC) structure in the insurance sector. A protected cell in Malta allows a cell owner to insure directly own risk in the EEA and sell insurance to third parties in the EEA. The PCC structure can be applied to both insurance companies and insurance broker companies.

Operating model of a Protected Cell Company

A PCC operates in two parts; the company core and the cells. The core part comprises all non-cellular assets including the company’s core share capital, investments and liabilities. The core share capital may be the minimum required by law or larger depending on its activities. The core does not need to take any of the cell’s risk itself but must be solvent at all times, based on the business written by the whole company, including the cells. Once established, a PCC can form cells for third parties.

A PCC can create within its structure one or more “cells” for the purpose of segregating and protecting the cellular assets of the company from those of other cells or the assets of the core itself. The cells are independent from each other and from a legislative point of view are protected from each other. A cell is formed by the creation and issue of a class of cell shares within the cell company in respect of each individual cell. The core and its cells are to be treated as one legal entity, as the cells do not have separate legal personality. The cell is only treated as a separate entity for tax purposes. Cells contract through the PCC which acts on behalf of the cell.

The cell company and its cells may conduct business of insurance and reinsurance as principals, captives, in respect of general and long-term business and also as insurance brokers.

The Companies Act (Cell Companies Carrying on Business of Insurance) Regulations, 2004 allow a licensed Affiliated Insurance Company to be registered as or convert to a protected cell company (PCC). Transfer of cellular assets is possible subject to approval of the MFSA. However, a cell company does not require cell transfer approval in order to invest, change investment of cellular assets or make payments or transfers from cellular assets in the ordinary course of the company’s business.

Cell Management

The PCC has a single board of directors which takes responsibility for the transactions within the core and cells, and for the statutory and regulatory compliance and corporate governance requirements of the company as a whole. Although the board may delegate the management and administration of a cell, or parts thereof, to a cell committee which may include representatives of the cell owner, it is ultimately the board of directors of the PCC which is responsible for all cells and cellular assets.

The assets of any one particular cell are only available to the shareholders and creditors of that cell; creditors of another cell have no recourse against them. However, in the event that the cellular assets of one cell have been exhausted, the company’s core assets may be secondarily liable to satisfy any cellular liability of one of its cells.

The PCC Structure


The Benefits of the PCC

The PCC provides a number of advantages when compared to a stand-alone company. One of the key elements is that an insurance broker or insurance company can conduct business through the ownership of a cell using the core’s capital. Lower capital requirement means that each cell is only obliged to hold capital needed to protect its risks, while the own funds requirements apply to the PCC as a whole. Cells also benefit from lower running costs compared to stand-alone companies since there is no need to set up a separate company. Owners benefit from simpler administration and shared overhead costs.

Cells face lower risk since the risks within each cell will be legally segregated from other cells. Furthermore, PCCs and their cells in Malta can directly access EU markets through a single-passport route, thus avoiding fronting arrangements. Cells can also benefit from Malta’s favorable tax imputation system through which foreign shareholders can benefit from a tax refund after that year end taxation has been paid by the cell.

The authorisation process for cells is usually faster and less demanding since the management of the PCC is already known to the regulator. Entities that have not had a great deal of exposure to the business of insurance can benefit from the experience of the PCC in regulatory issues, as well as the day-to-day running of an insurance company or insurance brokerage company.


UK: Budget 2016 – What are the implications for pension flexibility rules?

1024 768 Wealth Management Services


The Chancellor did not make any major changes to the pension industry in his March 2016 Budget. There were a few amendments to the pension flexibility rules. These new rules will be part of the Finance Bill 2016. The below rule changes are set to have effect on the day after the date of Royal Assent to Finance Bill 2016.

Serious Ill Health Lump Sums
The criteria for Serious Ill Health Lump sums will be altered. Prior to the 2016 Finance Bill the Serious Ill Health Lump sums could only be taken on funds that were uncrystallised.


Once the Bill has been given Royal Assent the Serious Ill Health Lump sums will be able to be taken on crystallised funds as well.


The 45% tax charge on Serious Ill Health Lump sums paid to individuals who have reached age 75 will be replaced with tax at the individual’s marginal rate.

Money Purchase Trivial Commutation
Trivial Commutation disappeared for Money Purchased Schemes on 6th April 2015 due to the availability of Uncrystallised Funds Pension Lump Sum (UFPLS). The 2016 budget will reintroduce it for clients with Money Purchase Scheme pension that are already in payment and their total pension wealth does not exceed £30,000.

Dependant’s drawdown and flexi-access drawdown
Where an individual has a dependant’s drawdown or dependant’s flexi-access pension fund due to being under the age of 23, they will be able to continue to receive drawdown pension or flexi-access drawdown pension as authorised payments after reaching age 23. The tax treatment will depend on the age at death of the original pension member (see Death Tax Benefits Section above).

Charity lump sum death benefit
A change is made to align the tax treatment of a charity lump sum death benefit after a member has died under the age of 75 whether paid out of drawdown pension funds and flexi-access drawdown funds or out of funds that have not been accessed (uncrystallised funds).

The need to pay an uncrystallised funds lump sum death benefit, a drawdown pension fund lump sum death benefit or a flexi-access drawdown fund lump sum death benefit within two years when it is paid to a charity is also removed.

back to work

Getting Back On Track After A Holiday Break Part 2

1024 682 Clare Evans, Personal and Business Coach

work after holiday

Often when we’re away on holiday or taking a break, we come back with good intentions to work fewer hours, be more productive, take more time off, not get so stressed, exercise more … etc. While it’s all too easy to get sucked back in to the routine of work, try and maintain that relaxed feeling.

• Keep work in perspective. Know what you need to get done. Focus on what’s important and plan what you need to get done each day.

• Avoid distractions and interruptions which waste time and mean you’re working less effectively and for longer.

• Make sure you take breaks during the day – not always easy but important. Even after a short 5-10 minute break you’ll feel refreshed and you’ll be more productive.

• If you’ve had a tendency to work later and later, put a limit on your working hours. Reduce them to a more sensible level.

• Decide to finish early at least one or two evenings a week.

• Make sure you plan time for yourself, your family and friends and book it in your diary.

work after holiday

Start as you mean to go on.

If you decided to make changes to your working routine while you were away, list out the changes you’d like to make, plan ahead, stay focused and stay motivated.

Think about the benefit to you, your career or your personal life and set aside time to review your progress regularly to keep you on track and prevent you from slipping back into your old ways.

Start planning your next holiday now. It doesn’t have to be a long one, even the occasional long weekend can give you the regular breaks you need and keep you focused and motivated.


Stop Procrastinating, Start Doing

1024 683 Clare Evans, Personal and Business Coach


One of the biggest ways people find to waste time is to spend their time and energy avoiding things they ‘should’ be doing.

For various reasons they will put off certain tasks or find they’re really resisting doing one thing while finding time for something that’s far less important.

You might find you’ve been busy all day but what have you actually achieved and how much of ‘being busy’ is actually useful or productive? How many important tasks have you managed to avoid by busily working on your email, filing, tidying your desk or some other low priority task?

If you leave a task long enough it gets to the point where it can no longer be ignored and demands your attention. Now you have to get it done and somehow you manage to find the time or inclination for it. Whereas a few days/weeks/months ago you didn’t.

Procrastination has consequences financially (fines, late/missed payment), physically (health and fitness) and emotionally (stress, overwhelm).

Understanding why you procrastinate will help you to do something about it. Consider the following:

• What are you avoiding or resisting?
• What is the benefit of procrastinating, what do you gain?
• What is the impact – short-term and long-term?

When the benefit of not doing something becomes greater than the benefit of doing it, your resistance will quickly disappear. The more you resist the harder it becomes and the worse it becomes in your mind. More often than not once we get round to it, we find that it wasn’t so bad as we thought after all.

Here are a few ways to prevent procrastination.

Break It Down. Break large tasks down into smaller tasks, so it doesn’t seem quite so onerous. What’s the first step you need to take to get started? For instance, if you need to write a report there may be other things you need to do first – make a phone call, send an email, gather information, research … what’s the very first thing you need to do? Do that. Once you get started you’ll build momentum and it will be easier to keep going or move on to the next step.


Quick Bites. The easiest way I have found to tackle many things is by spending just 5 or 10 minutes on a task. For instance – when writing a report – take five minutes just to get a few ideas on paper. Next time – add a bit more, refine it, add a bit more content. Schedule time to come back to it later either in a few hours or the next day or later in the week and complete a little more working in short bursts. You’ll increase your productivity when you give yourself a time limit and it’s less daunting than needing to spend an hour or more on a task and less excuse to procrastinate. Apply this strategy to paperwork, filing, emails.

Just do it! Putting something off like a phone call or an email? Instead of saying to yourself, ‘ I’ll do it in a minute, or I’ll do it later … JUST DO IT! Don’t delay any longer, get it out of the way and then you can move on and stop worrying. Catch yourself putting something off again? Just do it.

Good Procrastination. Sometimes we put things off because something doesn’t ‘feel right’. How many times have you had a decision to make or something needs doing and by delaying, the apparent need or urgency disappears? This isn’t an excuse to procrastinate, just an indication to look at where the resistance is coming from and why. Often it’s because we don’t have enough information to make a decision or complete the task. Leaving it until a later date might be the right thing to do.

If a task is worthy of your attention in the first place, take action sooner rather than later – do it! If it’s not, then just let it go and stop worrying about it.