View more on these topics

Companies risk falling foul of regulator over Year 2000


Financial services companies could fall foul of the regulator over Year 2000 compliance by failing to properly document their plans.


Law firm Cameron McKenna is warning that many financial service companies are not taking the right steps to demonstrate Year 2000 compliance to the Financial Services Authority.


A survey of 100 financial services companies found 33 per cent had failed to sufficiently document their contingency plans.


And 34 per cent of companies are defying the regulator by handing responsibility for Year 2000 projects to the head of IT and not to senior management.


It also found 43 per cent of those surveyed did not intend to submit their plans to the FSA.

Recommended

Autif issues tax guide for unit trust investors

Autif has issued its 1999 tax factsheet to help unit trust investors complete this year&#39s tax returns.The updated guide, Unit Trusts and Tax – Completing your tax return, provides information on three types of income from UK authorised unit trusts and Peps. These are the interest, dividend and foreign income distributions.Autif public relations manager Clare […]

Watson Wyatt tells Government to ensure stakeholder does not damage existing schemes

Consultants Watson Wyatt has told the Government that the ongoing stakeholder consultation should ensure that no damage is done to existing occupational schemes.Its submission also calls for a rationalisation of the regulatory framework and for the introduction of the state second pension in one step, not in two stages as currently planned.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment