Search results

Enter keywords and additional filters as required

by the following authors: 'Andrea Jeffries'

Public results are displayed below. Members may login to view all search results.

Defined benefit pension plans - driving up the cost for building societies

Contact:
andrea jeffries,
Last updated:
01 March 2016

MOST under 40s won’t know what a defined benefit (DB) pension plan is.  They have been born too late.   Not for them a secure income for life that increases each year, but an arguably riskier route to retirement income through a defined contribution scheme.  The majority of D...

Taxpayers are not being treated fairly a House of Lords committee has concluded.   HMRC Powers: Treating Taxpayers Fairly says that recent powers provided to HMRC undermine the rule of law and hinder taxpayers' access to justice.  The Economic Affairs Committee calls for ...

Our response to a technical consultation on the Apprenticeship levy

Industry response,
Contact:
andrea jeffries,
Last updated:
09 November 2016

Our main concern with these draft regulations is the "how".  It is not obvious how HMRC requires the payment to be made. Is this with the usual PAYE bill each month?  Further guidance on the detail for payroll/ HR teams would be appreciated. The detail references the allowa...

BSA response to EBA consultation on draft ITS on supervisory reporting on forbearance and non-perfor

Industry response,
Contact:
andrea jeffries,
Last updated:
24 June 2013

Introduction The Building Societies Association represents mutual lenders and deposit takers in the UK including all 46 UK building societies. Mutual lenders and deposit takers have total assets of over £375 billion and, together with their subsidiaries, hold residentia...

Changes to the Pension Protection Levy for 2017/18

Industry response,
Contact:
andrea jeffries,
Last updated:
28 October 2016

We are pleased to learn that the PPF is considering introducing a scorecard specifically for the regulated financial services sector for the next triennium.  This is a step in the right direction for building societies, several of which have seen their annual levy bills rise c...

CTF transfers to Junior ISAs

Industry response,
Contact:
andrea jeffries,
Last updated:
05 August 2013

In summer 2013 HM Treasury consulted on allowing savings held in a Child Trust Fund (CTF) to be transferred to a Junior ISA. The BSA welcomes the Treasury’s decision to legislate to allow CTFs to transfer to Junior ISAs. This will give CTF holders the flexibility to ac...

Our response to the PRA consultation on disclosure of encumbrance

Industry response,
Contact:
andrea jeffries,
Last updated:
24 November 2014

We are pleased to submit a brief response to this consultation. We agree with the broad outline of policy underlying the specific proposals, as set out particularly in paragraph 1.10.  As the consultation states, “disclosures enabling market participants  to deduce the...

Draft amendments to FRS 102 - fair value hierarchy disclosures

Industry response,
Contact:
andrea jeffries,
Last updated:
22 January 2016

We support the proposals; they are a good example of proportionality in FRS 102. Click here to read our brief response.

Effective internal audit in the financial services sector

Industry response,
Contact:
andrea jeffries,
Last updated:
16 April 2013

Introduction The Building Societies Association represents mutual lenders and deposit takers in the UK including all 46 UK building societies. Mutual lenders and deposit takers have total assets of over £375 billion and, together with their subsidiaries, hold residentia...

Our brief response to joint consultation on FSCS management expenses levy limit 2016/ 17

Industry response,
Contact:
andrea jeffries,
Last updated:
12 February 2016

We welcome the slight reduction in the MELL budget but argue for more detail on "strategic change" expenditure. Click here for the response.

Help to Buy ISA - draft implemetation documents

Industry response,
Contact:
andrea jeffries,
Last updated:
01 July 2015

We are pleased to offer comment on the draft target operating process and operational principles for Help to Buy ISA circulated on 22 June 2015.  Help to Buy ISA should prove a welcome tool to help young home buyers take their first step on the housing ladder.  The product sho...

HMR consultation, "A bank levy banding approach"

Industry response,
Contact:
andrea jeffries,
Last updated:
06 May 2014

Introduction The Building Societies Association represents mutual lenders and deposit takers in the UK including all 45 UK building societies.  Building societies have total assets of nearly £330 billion and, together with their subsidiaries, hold residential mortgages ...

Implementing the United Kingdom’s Agreements with the Crown Dependencies and Gibraltar to Improve In

Industry response,
Contact:
andrea jeffries,
Last updated:
13 January 2014

LETTER TO CHARLOTTE HOPWOOD, FATCA POLICY ADVISOR, HMRC 13 January 2014 Dear Charlotte Thank you very much for offering us the opportunity to comment on the draft regulations, and on the draft tax information and impact note.  I should also like to thank you and ...

Industry response to HMRC draft CTF to JISA draft guidance

Industry response,
Contact:
andrea jeffries,
Last updated:
20 February 2015

We welcome the flexibility that the ability to transfer from CTFs to JISAs brings. To align with standard practice, an industry working group has produced CTF to JISA transfer guidelines and model forms which are also included in this response. Click below to read ...

Joint letter to HMRC on plans to strengthen code of practice on taxation for banks

Industry response,
Contact:
andrea jeffries,
Last updated:
02 August 2013

The BSA, BBA, Association for Financial Markets in Europe and the Association of Foreign Banks send joint letter to HMRC.  They question whether the code needs "strengthening". Major concerns include: the lack of an independent review process and the level of dis...