Consultations

Insight / Charity Commission to update ‘responsible investment’ advice

The Charity Commission is to consult on revised guidance on responsible investments, in a bid to provide greater clarity for trustees

Insight / Consultation on insolvency changes for electronic payment institutions extended

The Treasury has extended by a week the consultation period on proposed insolvency changes for payment institutions (PIs) and electronic money institutions (EMIs), which include establishing a new special administration regime (SAR)

Insight / Treasury consults on new cryptoassets regulatory regime

The Treasury has kicked off a consultative process on proposals for a new regulatory approach to cryptoassets and stablecoins, with a three-month call for evidence from industry and stakeholders

Tax / DAC 6 to be replaced by OECD rules

There are to be changes to the way UK intermediaries report cross border tax arrangements post-Brexit, with the EU DAC directive set to be replaced by OECD rules later this year

Insight / Tougher action planned on late payment

The government is consulting on plans to give the Small Business Commissioner (SBC) more powers to resolve late payment issues, including the ability to launch investigations and impose fines

Insight / Pension providers to report on climate change financial risks

The government is consulting on plans designed to ensure pension providers consider the risk of climate change on their investments, with trustees legally required to assess and report on the financial risks

Insight / Consultation opens on new economic crime levy

The government is consulting on plans to introduce an economic crime levy, designed to raise £100m a year to boost anti money laundering (AML) capability, to be paid for by the AML-regulated sector

Tax / Covid-19: FCA consults on three-month loan and credit card payment freeze

The Financial Conduct Authority (FCA) has launched an emergency four-day consultation on plans for temporary measures to help consumers manage their credit in the face of the financial impact of the coronavirus epidemic

Insight / Regulator plans shake-up of defined benefit pensions

The Pensions Regulator (TPR) is consulting on changes to its code of practice for defined benefit (DB) funding, which will see a new twin-track compliance approach to valuations and create a clear benchmark

Audit / Green corporate governance vital to 2030 environment goals

Accounting bodies have called for listed companies to improve reporting on the UN’s Sustainable Development Goals (SDG) in an attempt to meet 2030 environmental goals

Insight / Consultation on plans to simplify pension statements

The Department for Work and Pensions (DWP) is planning to review the way annual benefit statements for workplace pensions are written to make them easier to understand

Insight / Government considers mandatory employee references

The government is considering changing the rules on work references to force employers to provide a basic reference for former employees 

Tax / Flexible NHS pension scheme consultation opens

The government has launched its promised consultation on proposals to give senior NHS doctors and nurses access to more flexible pensions, in a bid to stem the numbers of clinicians reducing their working hours or resigning because of increases in their tax bills

Tax / DHSC consults on remedy for NHS pension ‘tax trap’

The Department of Health and Social Care (DHSC) is to consult on proposals giving full flexibility over the amount senior clinicians put into their pension pots, to stem the rising numbers of doctors cutting their hours and leaving the NHS because of tax issues

Insight / FCA calls for more control of pensions transfer advice market

The Financial Conduct Authority (FCA) is addressing continued problems in the pensions transfer advice market with a package of reform proposals
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