Regulations

Underpaid workers get £4.6 million in wage arrears

Underpaid workers received more than £4.6 million in minimum wage arrears during 2013/14, HM Revenue & Customs has said.

New mortgage rules take effect

People applying for a mortgage are to face tougher financial checks, as the Financial Conduct Authority’s new market regulations take effect tomorrow (26 April 2014).

Overdrafts poor value, says FCA

Overdraft terms set by lenders are "complex and opaque", the Financial Conduct Authority (FCA) has said.

SMEs need consumer-level protection

Small and micro businesses need the same level of protection as consumers when buying utilities, according to a report by the Federation of Small Businesses.

Retirement options advice reforms

Pension providers will have to do more to help retirees turn their pension savings into a retirement income, under reforms announced by the Association of British Insurers.

Business groups call for prompt payment reform

Business groups have called for reform of the Prompt Payment Code after data showed that more than half of Federation of Small Businesses members were not paid by the agreed date.

National Minimum Wage penalties to increase

Employers who fail to pay the National Minimum Wage will face an increased penalty of up to £20,000, the Government has announced.

Simpler energy tariff rules now in force

A ban on confusing energy tariffs comes into effect today, as energy regulator Ofgem introduces reforms to make the industry simpler and clearer for consumers.

Car insurance premiums too high

Car insurance premiums are too high and should be reduced through "far-reaching" reforms, a report by the Competition Commission has said.

Pension costs deter business investment

Seven out of ten businesses say the cost of running a defined benefits (DB) pension scheme is stifling their investment intentions, according to a new survey by the Confederation of British Industry (CBI) and Standard Life.

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