Law and regulation

Insight / KPMG expands Asia Pacific legal services

KPMG has launched a law firm in Hong Kong and is to open another in Shanghai later in the year as part of moves to expand its legal capabilities in Asia Pacific

Insight / Interim managers appointed at animal charity

The Charity Commission has appointed interim managers to The Alternative Animal Sanctuary due to continued concerns about the governance and management of the charity

Insight / FSB demands reform one year on from Carillion

The collapse of government outsourcer Carillion on 15 January 2018, which cost the taxpayer an estimated £150m, has prompted greater scrutiny of the outsourcing market and calls for a major reform from the Federation of Small Businesses (FSB)

Insight / Government launches economic crime taskforce

The Home Secretary and Chancellor are to jointly chair a government taskforce which will work with senior figures from the UK financial sector to tackle economic crime, including fraud, bribery, corruption and money laundering, which is estimated to cost the UK at least £14.4bn annually

Insight / Calls to strengthen diversity pay reporting

MPs are keen to see more action on gender, ethnicity and executive pay reporting according to a survey by the Association of Accounting Technicians (AAT) which found widespread support for tougher regulation, and is calling for more reporting on action plans to reduce imbalance

Tax / Are you paying national minimum wage correctly?

Miscalculation of national minimum wage and national living wage payments can have consequences for a business as well as an individual. To ensure you get it right, tax specialist John Davison examines the basis for calculations and potential pitfalls

Tax / Case: UK given unilateral right to revoke Article 50 notice

Insight / Regulator opens inquiry into charity’s funding transfers

The Charity Commission has opened a statutory inquiry into CAWRM Ltd, a charity known as Jerusalem Merit, after identifying a number of serious regulatory concerns about possible financial irregularities

Insight / Regulator investigates charity over lack of accounts

The Charity Commission has opened a statutory inquiry into Jalalabad Association to look into concerns over potential mismanagement in the administration of the charity, which has failed to submit accounts for four years

Insight / Ban on pensions cold-calling comes into force

This week marks the introduction of the government’s ban on pensions cold calling, with unsolicited calls to individuals about their pension made illegal from 9 January and potential fines of up to £500,000 for those flouting the regulations

Insight / Regulator investigates charity for second time

The Charity Commission has opened a second statutory inquiry into The Mohiuddin Trust to look into concerns over potential misconduct and mismanagement, including continuing problems with poor financial controls identified in an earlier investigation

Insight / FCA consults on major overhaul of overdraft market

The Financial Conduct Authority (FCA) is making what it calls ‘the biggest intervention in the overdraft market for a generation’ with proposals which would end banks charging higher prices for unarranged overdrafts, as part of a package of measures stemming from its high-cost credit review

Insight / NAO critical of BBC’s 45% Eastenders overspend

The BBC has failed to deliver value for money in its programme to build a new set for the TV soap EastEnders, according to a report by the National Audit Office (NAO) which said the broadcaster underestimated aspects of complexity, cost and risks of its approach, resulting in a 45% budget overspend

Insight / CMA to push for pension management reform

The Competition and Markets Authority (CMA) has announced a range of reforms to the investment consultancy sector, following a market investigation undertaken at the request of the Financial Conduct Authority (FCA)

Insight / Charity Commission alert on think tanks

The Charity Commission has issued an alert to remind trustees of their legal obligations and duties in relation to think tanks which have charitable status, pointing out that these are generally established for educational purposes and the charity must be politically neutral
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