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Regulators
Regulator releases guidance on £170bn pension ‘superfunds’
The Pensions Regulator (TPR) has published new guidance for trustees and employers on transferring to defined benefit (DB) ‘superfunds’, with…
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Tax
Wales reports £300m in tax revenue
Wales has raised over £300m in tax revenue, according to statistics from the Welsh Revenue Authority’s (WRA) report and accounts…
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Regulators
FRC calls on UK firms to end poor quality corporate reporting
The Financial Reporting Council (FRC) has published its ‘Annual Review of Corporate Reporting’, which reveals the authority’s ‘top ten’ areas…
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Business
Half of UK financial services workforce want remote working post-Covid
Half of the UK’s financial services workforce want to continue working from home for at least part of the week,…
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Business
One million pension scheme members could move to superfunds, says PwC
Up to one million pension scheme members could transfer to superfunds in the next decade, according to PwC, ahead of…
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Regulators
Business Secretary appoints Interim FRC chair
Business Secretary Alok Sharma has appointed Keith Skeoch as interim chair of the Financial Reporting Council (FRC). Skeoch, previously a…
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Coronavirus
London and Essex set to move into Tier 2 restrictions
London and Essex will face tougher Tier 2 Covid-19 restrictions from Saturday (17 October), including a ban on the mixing…
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Accounting Firms
Asda buyers appoint KPMG as auditor after Deloitte’s exit
EG Group has appointed KPMG as its auditors after Deloitte resigned from the role due to “concerns over its governance…
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Brexit
Audit firms ‘overlooked’ in Brexit talks
Accountancy and audit firms are being “overlooked” in Brexit trade negotiations, according to a report published by the government’s EU…
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Corporate Tax
OECD drafts $100bn digital taxation ‘blueprints’
The OECD has drafted a set of technical principles which could raise $100bn (£76bn) in global tax revenues from ‘big…
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