As part of the ongoing activity to manage and mitigate risks of the plans, further insurance-backed benefit buy-ins in respect of pensioner members will be considered in the future. One of the ways in which Ofcom funds its activities is to charge certain companies an annual administration fee. The culture secretary, Nicky Morgan, and the home secretary, Priti Patel, said Ofcom’s existing position as broadcasting regulator made it suitable to enforce rules to keep the internet safe. IT costs increased by £1.4m as we refreshed our IT estate; Temporary staff and recruitment costs increased by £0.8m to cover vacancies; most of the increase in temporary staff costs is as a result of the need to quickly staff up in the network security and resilience area whilst permanent recruitment was underway for the specialist skills required, and also in the People & Transformation Team following a restructure. Ofcom colleagues are employed on terms with access to a stakeholder pension plan. Our priority is to look after you, and we sometimes do this by promoting competition among companies we regulate. The note also reconciles income on the same basis and presents Ofcom’s actual operating outturn and income by sector. 1 £1.3bn of receipts were collected in 2018/19 relating to the conclusion of the spectrum auction of the 2.3 and 3.4 GHz bands. ) These are regulated by the Advertising Standards Authority; what people write or post on the internet. Often, we investigate further and we sometimes find broadcasters in breach of our rules. The 2020/21 budget is in line with the HM Treasury’s spending cap set for Ofcom. Cash payments, rather than the amount charged to operating surplus as calculated under IAS19, are included in operating expenditure outturn used to calculate the tariffs charged to stakeholders each year. Ofcom will provide guidance to help businesses understand whether the services they provide would fall into the scope of the regulation. Further detail on this is set out on page 56. :: Ofcom Riverside House 2a Southwark Bridge Road London SE1 9HA 020 7981 3000 [3]www.ofcom.org.uk. Alternative Dispute Resolution (ADR) scheme; people are able to use communications services, including broadband; a range of companies provide quality television and radio programmes that appeal to diverse audiences; viewers and listeners are protected from harmful or offensive material on. Ofcom’s calculation will also be audited. Whilst Ofcom is directly accountable to Parliament, our funding comes from fees charged out to the sectors we regulate. We register complaints from people and businesses, which helps us to take action against firms when they let their customers down. The significant variance to the prior year reflects the inclusion of the provision of £232m in the 2018/19 financial statements which was funded by DCMS and settled in this financial year. We also oversee the universal postal service, which means Royal Mail must deliver and collect letters six days a week, and parcels five days a week, at an affordable and uniform price throughout the UK. A total of £312.8m was transferred to Government accounts in the financial year. The balance was passed to DCMS as our sponsor department, the UK Consolidated Fund, as well as the Department of Finance and Personnel - Northern Ireland (DFPNI) and to the Treasuries of the Isle of Man, the Bailiwick of Jersey and the Bailiwick of Guernsey. Both plans are closed to new entrants and benefits accruals ceased on 31 May 2011. Ofcom - Community Radio Fund. MUMBAI: The Office of Communications (Ofcom), UK’s government-approved regulator for the broadcast sector, has fined Arnab Goswami-owned Hindi news channel Republic Bharat GBP 20,000 for airing “highly offensive hate speech” during one of its shows, ‘Poochta Hai Bharat’. Almost 62% of our total cost base relates to staff costs, with a significant part of the remaining cost base fixed in relation to property and systems costs. This also reflects the significant movements in financial markets since the date of the actuarial valuations. Apparently OFCOM isn't a funded organization but rather a company that oversees funding in the United Kingdom. As shown in the figure below, except for costs associated with our new responsibilities to regulate the BBC from 3 April 2017, Ofcom’s 2020/21 tariffs for the various sectors (excluding the new VSP regulatory duty) are largely in line with the 5-year average. The Broadband USO is being run by Ofcom with KCOM and BT the two broadband retailers given the task of implementing it following the rules set by Ofcom. As part of this, we also received £0.7m of grant funding from Innovate UK under the Regulators Pioneer Fund, for innovative work on the use of blockchain for UK telephone number management. 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