Life Events news in 2022
6 stories, newest first.
- September 2022
Committee report calls for consensus on retirement adequacy and reforms to auto-enrolment
The Work and Pensions Committee has called for a consensus on retirement adequacy and legislation on the 2017 auto-enrolment review, with higher minimum contributions and action on self-employed saving.
- July 2022
FCA regulation of funeral plan providers begins
From 29 July 2022 the Financial Conduct Authority regulates firms and intermediaries providing and arranging pre-paid funeral plans, with FSCS protection for customers of authorised providers.
FCA becomes regulator of funeral plans
The Financial Conduct Authority became responsible for regulating pre-paid funeral plan providers in July 2022, after concerns about the conduct of some firms in the sector.
- May 2022
Government announces revamp of lasting power of attorney system
The government has set out plans to let people make a lasting power of attorney entirely online, with new identity checks, while keeping the paper route open.
- April 2022
Basic rate of statutory maternity and parental pay set at £156.66 per week from April 2022
The basic rate of statutory maternity and parental pay stands at £156.66 a week from April 2022, equal to 47% of the National Living Wage for a 35-hour week, according to a maternity charity survey.
- March 2022
National Audit Office publishes report on the Child Maintenance Service
The National Audit Office has published a report finding fundamental flaws in the Child Maintenance Service, with arrears projected to reach £1bn by 2031 and enforcement delays leaving parents owed money.