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Payday lenders face tougher rules

There will be ‘tougher requirements’ for payday lenders and ‘stronger protection’ for consumers when the Financial Conduct Authority (FCA) takes over regulation of the consumer credit industry in April 2014. The proposed regulatory regime is...

Auto-enrollment opt-out rate ‘lower than expected’

Fewer people than expected have chosen to leave the Government’s new pension auto-enrollment scheme, new figures suggest. According to a study from the National Employment Savings Trust (NEST), just 9% of workers opted out after being automatically enrolled into...

National minimum wage rise takes effect

The main rate of the national minimum wage (NMW) has risen to £6.31, with effect from 1 October. The new rate represents an increase of 12p an hour for adults. Meanwhile, the NMW rate for 18 to 20 year olds has also risen, to £5.03 an hour, and 16 to 17 year olds are...

Charities update: changes for 2013

The charitable sector has undergone a number of changes over recent months, including the introduction of the new Charitable Incorporated Organisation (CIO) structure and the implementation of the Gift Aid Small Donations Scheme. This factsheet provides an update on...