Consultations

Insight / Ireland to bring in auto enrolment for pensions

Ireland – which is one of only two OECD countries without a mandatory earnings-related element to retirement savings – is consulting on the possible launch of an auto enrolment-style pensions regime, to be in place by the end of 2020

Tax / Calls for HMRC to delay IR35 private sector extension

HMRC’s consultation on extending the IR35 rules covering off-payroll working to the private sector closed last week, and contractor organisations are indicating there has been a groundswell of protest against the proposals, which have attracted controversy since their introduction in the public sector

Tax / FCA consults on global financial innovation network

The Financial Conduct Authority (FCA) is consulting on plans to create a global financial innovation network (GFIN), in collaboration with 11 financial regulators and related organisations, which will build on its proposal earlier this year to create a ‘global sandbox’ for new concepts and finance models

Insight / Regulators challenge financial services boards on ‘operational resilience’

The Bank of England, Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) are consulting on a joint approach to improve the operational resilience of firms and financial market infrastructures (FMIs)

Insight / FCA plans financial services directory

The Financial Conduct Authority (FCA) is consulting on plans to publish a new directory to help consumers and firms check the status and history of individuals working in financial services, with the aim of widening the information publicly available and putting it all in one, user-friendly place

Accounting / CIPFA plans index to measure local authority ‘financial resilience’

CIPFA is consulting on plans to launch an index to provide a meaningful measure of local authority financial resilience to reassure to councils who are financially stable and prompt challenge where it may be needed

Insight / FCA introduces proposals to help confused pension consumers

Pension freedoms have left some consumers confused and in danger of making bad decisions, says the Financial Conduct Authority (FCA), who has published a consultation into proposed measures to protect pension holders

Insight / Government announces defined benefit pension consultation

The government has launched a consultation into how defined benefit pension schemes can be improved and better protected

Insight / Treasury consults on pre-paid funeral plan sector

The Treasury is to consult on tougher regulation for the pre-paid funeral plan sector, including proposals to bring the market into the supervision of the Financial Conduct Authority (FCA), in a bid to protect grieving and vulnerable people from aggressive sales tactics and poor financial advice

Insight / Pension transfers to SIPPs at risk

MPs are urging the Financial Conduct Authority to step up its oversight of the transfer of funds from defined benefit pension schemes to self invested personal pension (SIPPs) to stop abuse of the system following pension freedoms

Insight / Prompt payment to SMEs critical for government contractors

The government is launching a package of measures designed to level the playing field for smaller businesses bidding to win government contracts, including proposals to exclude suppliers from major government procurements if they cannot demonstrate fair and effective payment practices with their subcontractors

Insight / Four ‘good work’ consultations published in response to Taylor review

The government has published four consultations setting out its proposals in response to the Matthew Taylor review of modern work practices, which will form part of its newly announced ‘good work’ plan

Audit / FRC set to revise Corporate Governance Code

The Financial Reporting Council (FRC) plans to review the UK Corporate Governance Code to focus on the need for companies to consider how they benefit wider society, following calls from a government advisory group for more support in developing a culture of social impact investment

Insight / DWP consults on enhanced disclosures for occupational pension schemes

Pension schemes will for the first time be compelled to publish the fees they charge their members for investing their pension, under proposals announced by the Department for Work and Pensions (DWP) which it is estimated could benefit up to ten million individuals

Insight / Plan for six-week ‘breathing space’ for debtors

The Treasury is seeking views on plans to offer people struggling with serious debt a ‘breathing space’ from their bills, with up to six weeks free from further interest, charges and enforcement action
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