Major banks are making plans to relocate out of the UK early next year amid concerns about the impact of a “hard Brexit” on passporting rights. Writing in The Observer yesterday, British Bankers’ Association chief executive Anthony Browne warned the tone of the debate around Brexit negotiations risks damaging the UK economy before the talks […]
The Pensions Regulator has begun enforcement action to secure redress for 20,000 members of the BHS pension schemes. It says it has issued warning notices to former BHS owner Sir Philip Green, Dominic Chappell and Retail Acquisitions, which bought the now collapsed department store from Green. Related companies Taveta Investments and Taveta Investments (no.2) have […]
Chancellor Philip Hammond is considering dropping the annual Autumn Statement to focus on the Budget and move away from “gimmicks”. The Financial Times reports while Hammond will be delivering the Autumn Statement as planned on 23 November, the Chancellor is said to have told colleagues he wants to move away from gimmicks and micromanagement and […]
The FCA has held meetings with a number of platforms over fears replatforming projects could cause customer detriment, Money Marketing understands. It is understood the regulator has met with platforms to find out more information around the impact of replatforming on costs, data security as well as testing processes, especially in cases when platforms change technology […]
With auto-enrolment (AE) well under way for the UK’s largest businesses, over the next three years an additional 800,000 smaller employers (with less than 60 employees) will start their journey to comply with the legislation. AE mandates all eligible employees and their respective employers to make regular pension contributions into a qualifying pension scheme. To learn more about the legislation read our brief Jelf AEase — simple steps to AE compliance guide.
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