The Financial Conduct Authority highlighted that in the last 12 months, approximately 2.7 billion unsolicited calls, texts and emails were made to the UK’s adult population offering to help them make a claim. This includes calls about recent accidents or mis-sold PPI. This is equivalent to approximately 50 calls, texts or emails being made to every member of the adult population.
If you do receive nuisance calls you can report it to the ICO who will investigate and take action against those responsible.
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Individuals could be expected to pay into social care fund 20 September 2018
The Health Secretary has announced that as part of a forthcoming green paper on social care, an opt-out proposal akin to auto enrolment would mean every adult in England would be expected to pay into a national fund to cover their care in later life. The disclosure was reported by The Telegraph who said that Matt Hancock, who became the Health and Social Care Secretary in July, told the paper that the opt-out proposal, modelled on the pensions scheme, would see people taking more personal responsibility for their health.
According to the FTAdviser if such a policy was introduced, individuals would have to actively choose not to make payments to the social care fund akin to pensions auto-enrolment. The Health Secretary is reported to have said:
"I’m attracted to the model of auto-enrolment, which has been so successful in pensions.
If you make it the norm, tell people what it is they have to do to look after themselves, it’s often the case that very few people will opt out.
It takes away the injustice of people losing all that they have saved for."
FTAdviser reported last week the government is planning to propose a new cap to fund social care in its upcoming green paper. At a hearing in front of the economic affairs committee in the House of Lords on 11 September, Chancellor of the Exchequer Phillip Hammond said the green paper would set out several proposals to reflect different ways of delivering and funding the cap.
In the meantime, the House of Lords launched an inquiry into social care funding.
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Budget date yet to be confirmed due to lack of Brexit deal 25 September 2018
We heard recently that the Chancellor has delayed announcing a date for the UK Autumn Budget in hope of a Brexit deal, but what are the implications of this delay?
The Chancellor was reported to have said that he doesn’t want the budget to clash with the last stage of negotiations with the EU, and that the Office for Budget Responsibility, which is usually given 10 weeks’ notice of budget dates, is currently on “standby.”
There is a useful article from the Financial Times about the key Brexit dates, but in summary:
On 18 and 19 October an EU summit is to be held, which has been seen as the most likely opportunity for a final agreement on the UK’s departure from the EU. However given the current state of affairs and the fact that it takes place only a couple of weeks after the Conservative Party conference, it has been speculated that this date is too early for a deal to be reached.
The Chartered Institute of Payroll Professionals
Payroll: need to know
cipp.org.uk
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