Sainsbury’s Bank has confirmed that it will re-enter the mortgage market in the first half of 2017, saying it has “made good progress with developing its mortgage proposition.” Money Marketing sister title Mortgage Strategy revealed in April that Sainsbury’s was planning to re-enter the market after an absence of 12 years and was in talks with […]
The FCA wants savers into Lifetime Isas to receive risk warnings about penalty charges and opting out of auto-enrolment amid concerns about how the product will work in practice. The regulator has published a consultation paper today on the rules governing the promotion and distribution of Lifetime Isas, which are due to launch in April. […]
Pensions experts have defended The Pensions Regulator’s use of rapidly increasing fines to tackle auto-enrolment non-compliance. Last week TPR data revealed it had handed out 576 escalating penalty notices between July and September, over 500 more than it had given out in the previous quarter. The number of £400 fixed penalties issued also rose from […]
HM Revenue & Customs has rejected 98 of the 1,400 applications to register new pension schemes it received over the last six months. According to an HMRC newsletter, the 1,400 applications filed between 6 April and 30 September was a 42 per cent decrease on the number of applications received in the same period in 2015. Of […]
According to the Pensions Regulator’s annual commentary and analysis report released this month, 785 potential non-compliance cases were referred for investigation, with 23 auto-enrolment compliance notices issued. And they predict that the use of their statutory powers is only going to increase.
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