Consultations

Insight / Government begins CDC pension consultation

The Department for Work and Pensions (DWP) is consulting on proposals for collective defined contribution (CDC) pension schemes, first outlined at Budget 2018, which allow contributions to be pooled and invested to give members a target benefit level

Insight / Charities: reforming the Charity SORP accounting rules - part 5

Nigel Davies, joint chair of the Charities SORP committee, sets out the context of the committee’s goal to both keep the SORP current and further develop charity reporting and accounting to include the concerns of the public

Insight / Treasury consults on debt ‘breathing space’ and repayment plans

The Treasury is consulting on a detailed policy proposal for a ‘breathing space’ and a statutory debt repayment plan, concepts which are intended to give people in problem debt the opportunity to take control of their finances and put them on a sustainable footing

Insight / Financial regulators seek views on planning for climate change impact

The Financial Conduct Authority (FCA) has published a discussion paper on climate change, saying its effects and the associated transition to a low carbon economy may have a major impact on financial markets and on products that serve those markets

Insight / Call for evidence on competition in the digital sector

A panel of experts is to investigate the subject of competition in the digital market, a field which is dominated by a small number of large companies, and make recommendations on future government policy

Insight / FCA consults on ‘no deal’ regulatory plans

The Financial Conduct Authority (FCA) is consulting on proposals for amendments to its standards and financial services passporting rules, plus the regulatory regime for credit ratings agencies and data reporting services providers in the event the UK leaves the EU on 29 March 2019 without an implementation period

Insight / Consultation on tackling late payments

The department for business, energy and industrial strategy (BEIS) is consulting on strategies to tackle late payments for goods or services to smaller companies by larger firms

Accounting / EU plans to tighten anti-money laundering rules

The European Commission is planning to tighten up the rules on supervision of EU financial institutions to combat money-laundering amid criticism some EU member states are failing to enforce the rules effectively 

Insight / Coffey: legal complexity of electronic signatures problematic

The Law Commission’s consultation on electronic signatures has produced some early conclusions but questions still remain, says Robert Coffey, managing partner at Cooke, Young & Keidan LLP

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
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