Pensions Regulator issues £68.6m in fines for employers

The Pensions Regulator (TPR) issued fines worth a total of £68,626,923 to employers that failed to meet their pension obligations in 2018/19. A Freedom of Information Act request revealed that the total value of fines handed out by TPR has increased over each of the...

Construction industry warned about late payment rules

A Government minister has reminded large companies in the construction industry that new prompt payment rules are set to take force this year. From 1 September 2019, new legislation will mean large companies may be prevented from winning government contracts if they...

Pensions Regulator targets non-compliant employers

Employers who are failing to meet their auto-enrolment obligations are being targeted with mandatory short-notice inspections by The Pensions Regulator (TPR). From 15 May 2019, and continuing through the summer, TPR will use data to detect employers who are suspected...

7 in 10 people want to see audit evolve

Most people think the audit industry should evolve in a way that will prevent company failures, research has revealed. The Association of Chartered Certified Accountants (ACCA) surveyed 11,000 people across 11 countries, and found that 70% would like to see audit...

Audit industry shake-up gathers momentum

The Competition and Markets Authority (CMA) has thrown its weight behind MPs who have called for a break-up of audit and consultancy services. Earlier this month, the Business, Energy and Industrial Strategy Committee highlighted a conflict of interest between audit...