The website of the Local Government Pension Scheme (LGPS) has an FAQ section to help members understand the implications of this Government measure that was the subject of consultation in the summer of 2015.
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Consultation: Restrictive Covenants 7 December 2020
The Department for Business, Energy and Industrial Strategy (BEIS) has published a consultation paper which seeks views on proposed measures to amend post-termination restrictive covenants.
With thanks to Daniel Barnett’s Employment Law Bulletin.
The consultation offers two key considerations:
• Amending the law so that post-termination restrictive covenants are only enforceable in scenarios where the employer continues to pay remuneration during the restricted period • Banning post-termination restrictive covenants in their entirety The consultation paper has been issued in order to support the economic recovery following on from the outbreak of coronavirus as the Government seeks ways in which to boost innovation, to create conditions for new jobs and to increase competition.
The consultation is live now, and there is the opportunity to respond until it closes on 26 February 2021.
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Businesses urged to plan for payments made over the Christmas and New Year holiday periods 9 December 2020
Pay.UK has published a press release, which is reminding companies that they must plan ahead, should they have crucial payments to submit over the Christmas and New Year holiday periods.
The BACS Direct Credit and Direct Debit payment services are run by Pay.UK, and the company is reminding businesses, irrespective of their size, to be mindful of non-payment processing days that occur over the festive period. Several illustrative examples are provided as follows: • If salaries, supplier payments, or bills are set to be paid or collected on 24 December 2020 (Christmas Eve), then the latest date that the BACS payment file can be submitted is 22 December 2020 • If funds are set to be debited or credited on the first official working day following the Christmas bank holiday, which will be 29 December 2020, then the payment files have to be submitted by 23 December 2020, at the latest • Payments that are due prior to the New Year break need to be submitted by 29 December 2020 • Payments that are due on the first working day following the New Year celebrations – on 4 January 2021 – must be submitted by no later than 30 December 2020 Pay.UK is also reminding companies that BACS payment files can actually be submitted up to 30 days in advance, which could alleviate some of the pressure on finance teams who may be still be working from home, or may have reduced capacity due to coronavirus.
In order to assist businesses, and ensure that they are aware of non-processing days, and can subsequently adhere to all of their payment obligations, Pay.UK has assembled a payment processing calendar.
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The Chartered Institute of Payroll Professionals
Payroll: need to know
cipp.org.uk
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