Plus 10 owner registration discount

Owners of yearlings registered for the Plus 10 bonus scheme are encouraged to finalise scheme registration before the end of the year.

Up until 31 December, the cost of the third and final Owner Registration is £300. After this date, the fee rises to £350 per horse and must be paid by 28 February 2017.

The Owner Registration is required to be paid to qualify a horse to win a full £10,000 bonus on top of first-place winnings, with the horse’s registered owner at the time of the win receiving £7,500.

More than £11 million worth of Plus 10 bonuses have been won since March 2015. Bonuses apply to more than 650 two and three-year-old races in Britain and Ireland each year.

 

Syndicates Association to collaborate with the NTF

For many trainers, syndicates are the life-blood of their yard and it’s not uncommon for well over half the horses to be in group ownership schemes of various types.  It is estimated that there are over 5,000 owners involved; commercial syndicators are already managing well over 1,000 horses, with numbers growing all the time; and the economic contribution to British racing is well over £50 million a year.  This is in marked contrast to sole ownership which is in steady decline. Syndicates are inevitably going to be an even greater component of total ownership in the future. Different types are emerging, with trainers entering into joint ventures with professional syndicators, racecourses setting up their own racing clubs and increasingly large numbers of first-time owners coming into the sport through small, fractional shareholdings.

The Racehorse Syndicates Association (RSA) is the industry body representing professional syndicators.  Details can be found on www.racehorsesyndicates.org.  All the big names such as Highclere and Middleham Park are represented, as well as many smaller operations right across Britain.  Some of these groups are amongst the biggest owners in the country.  Membership has doubled in the past two years and is now at its highest ever level.  In the short term the RSA is working hard to improve the overall benefits package at racecourses for syndicators and syndicate owners while developing a longer-term strategy that assesses the broader implications for racing of the likely huge growth in syndication.

The RSA recently approached the NTF with a view to collaborating with us, so we’re proposing a small working group to identify areas of common interest and create an action plan for joint promotion of syndication as well as understanding the needs of trainers and racing secretaries in this area.  If you’d like to be involved in this group, please let us know.

ROA event for Racing Secretaries in Newmarket

The ROA will be hosting an informal social event for Racing Secretaries and Senior Staff at The Racing Centre in Newmarket on Monday 23rd October.

Secretaries are invited to attend between 1-3pm for a general discussion on ownership related matters and to share new ideas for the recruitment and retention of owners. There will also be the opportunity to discuss ways that the association can support secretaries in their daily communications with owners.

A selection of sandwiches, finger food and cakes will be provided.

Those wishing to attend please RSVP to Chloe Martin cmartin@roa.co.uk no later than Wednesday 18th October.

 

New reforms launched to improve ownership experience through simplified administration

The BHA has launched a package of reforms to modernise and simplify the administration of racehorse ownership. The measures will mean the task of ownership administration is more convenient, efficient and easy to understand, with the transfer of the registration and management process online expected to save owners thousands of hours a year of filling in forms. The simplification and reduction of ownership fees will also save owners thousands of pounds per year in total, with the types and number of ownership options simplified to mean there are now only five types rather than eight: Sole, Company, Partnership, Syndicate and Racing Club.

New and existing owners now have access to the new Racing Admin system, where a newly designed, intuitive ownership portal enables them to manage their ownerships online and keep up to date with their horses and ownerships. It also facilitates free access to a number of enhanced features such as the ability to search the race programme.

New registrations are also handled through the portal which will not only mean the process is more user friendly, but also ensures swifter turnaround time between submitting the forms and the approval of applications. The reforms benefit existing owners through the alignment of re-registration fees, which will now fall on one date in the year to reduce the drip feeding of charges and correspondence received.

A new code of conduct for syndicates has also been brought in, which highlights a number of basic requirements that all syndicate managers will need to ensure are met. These have been added to the Rules of Racing in order to protect syndicate members.

A dedicated ownership support team at Weatherbys is on hand to answer any questions and guide owners through the new portal. The team is available on 01933 304808 or via ownersupport@weatherbys.co.uk   If trainers are aware their owners cannot use or do not have access to the internet they should be asked to call the Ownership Team at Weatherbys, contact details as above.  To ensure owners are confident using the new Racing Admin system a programme of events has been compiled. The sessions will take the form of workshops, Q&As at racecourses and online demonstrations and will be staged across the following dates and locations:

26th September – Warwick Racecourse

4th October – Weatherbys, Wellingborough

12th October – Exeter Racecourse

16th October – BHA, London

BHA Licensing set to trial phone answering protocol

The BHA Licensing Department is implementing a series of initiatives to manage phone calls from trainers and jockeys.

This team currently answers 30 to 40 phone calls per day and the BHA’s analysis indicates that a large proportion of these calls are confirmation of submission and routine progress enquiries from applicants and interested parties. The least amount of calls are received by Licensing between 2pm and 4pm therefore this time has been chosen to ensure that applicants are still able to contact the team at the times most convenient to them.

From Monday 18th September the team will take phone calls only from 9am till 2pm and then 4pm to 5pm.

The above will ensure that a 2 hour period will provide an interruption-free period that can be devoted to the progression of licensing issues rather than dealing with routine telephone queries. During this period callers will be directed to the Licensing FAQS and Forms pages of the new website, they will also still have the option of emailing the Licensing Team.

Change of legal helpline number

With effect from 9am on Monday 25th September, the telephone number for business legal advice (non-employment) is changing to 0333 003 0159 (the current number, which is being replaced, is 01206 846143.)

This number should also be used for notifying the Legal Expenses Insurers, ARAG, of a claim and requesting a new claim form.   Alternatively a claim can be notified and a claim form requested by email from newclaims@arag.co.uk.

The telephone helpline goes directly through to Knights1759 solicitors and you will be put through to a lawyer specialising in the area relevant to your call.

For employment matters, the existing helpline number 01488 71729 remains the number to call – this puts you through to Dawn Bacchus in the NTF office and if Dawn is unavailable will divert to Knights1759 solicitors.

Auto enrolled employees

Weatherbys will shortly be sending out the pension run statements for the Friends Life Aviva pension run for 1st September 2017.     If you have auto enrolled your employees please check the pension statements to ensure that no contributions are being collected for employees now in your auto enrolment scheme.   If there are any then please let Weatherbys know straight away before the contribution is sent to Friends Life for processing.