Alison Sneddon

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Articles

Scrapping The UK Banker Bonus Cap — What Next For Financial Services Pay? - Financial Services - UK

Dec 7, 2023 | mondaq.com | Alison Sneddon

Financial services firms regulated in the UK by both the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) have long caused confusion, particularly in international financial services groups, with their complex regulatory pay structures and infamous bonus cap. In welcome news, the regulators have announced the scrapping of the bonus cap with effect from October 31, 2023, enabling dual-regulated firms to change remuneration structures for Material Risk Takers (MRTs).
Scrapping the UK Banker Bonus Cap - What Next for Financial Services Pay?

Dec 4, 2023 | littler.com | Alison Sneddon

Financial services firms regulated in the UK by both the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) have long caused confusion, particularly in international financial services groups, with their complex regulatory pay structures and infamous bonus cap. In welcome news, the regulators have announced the scrapping of the bonus cap with effect from October 31, 2023, enabling dual-regulated firms to change remuneration structures for Material Risk Takers (MRTs).
Scrapping the UK Banker Bonus Cap - What Next for Financial Services Pay?

Dec 4, 2023 | lexology.com | Alison Sneddon

Financial services firms regulated in the UK by both the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) have long caused confusion, particularly in international financial services groups, with their complex regulatory pay structures and infamous bonus cap. In welcome news, the regulators have announced the scrapping of the bonus cap with effect from October 31, 2023, enabling dual-regulated firms to change remuneration structures for Material Risk Takers (MRTs).
FCA clamps down on legal privilege used by firms in its investigations

Oct 9, 2023 | moneymarketing.co.uk | Sophie Vanhegan |Alison Sneddon |Momodou Musa Touray |Katey Pigden

When it comes to Financial Conduct Authority investigations of firms, there’s a delicate balance between asserting privilege over documents and disclosing these to the regulator in the interests of being open and co-operative. It’s a key judgment call for investigation teams to take and the implications can be far-reaching.
Regulatory Roundup - Key Developments In UK Financial Services - Whistleblowing - UK

Jul 5, 2023 | mondaq.com | Alison Sneddon |Ben Rouse |Jenny Allan

In this article, we share a round-up of the key developments from a regulatory perspective for HR Professionals in UK financial services firms. This covers expected changes to the SMCR regime, regulatory remuneration requirements and whistleblowing framework. We also look at the increasing focus of the regulator on culture and conduct within financial services firms in the wake of recent sexual harassment allegations within a UK asset manager.
Regulatory Roundup – Key Developments in UK Financial Services | JD Supra

Jul 3, 2023 | jdsupra.com | Jenny Allan |Ben Rouse |Alison Sneddon

In this article, we share a round-up of the key developments from a regulatory perspective for HR Professionals in UK financial services firms. This covers expected changes to the SMCR regime, regulatory remuneration requirements and whistleblowing framework. We also look at the increasing focus of the regulator on culture and conduct within financial services firms in the wake of recent sexual harassment allegations within a UK asset manager.
Regulatory Roundup - Key Developments in UK Financial Services

Jun 30, 2023 | littler.com | Alison Sneddon |Ben Rouse |Jenny Allan

By Alison Sneddon, Ben Rouse, and Jenny Allan on In this article, we share a round-up of the key developments from a regulatory perspective for HR Professionals in UK financial services firms. This covers expected changes to the SMCR regime, regulatory remuneration requirements and whistleblowing framework.
A Deep Dive into Recent Pension Tax Changes in the UK | JD Supra

Apr 27, 2023 | jdsupra.com | Ben Smith |Alison Sneddon

In March, the UK government announced changes to the tax regime surrounding pensions as part of the annual Budget. In this piece, we take a deep dive into what these changes are, who they affect, what employers should be doing in response and ask: is this really a big deal? What is changing? Since 2006 there has been a concerted effort by the UK government to encourage saving into private pensions.
A Deep Dive into Recent Pension Tax Changes in the UK

Apr 27, 2023 | littler.com | Ben Smith |Alison Sneddon

In March, the UK government announced changes to the tax regime surrounding pensions as part of the annual Budget. In this piece, we take a deep dive into what these changes are, who they affect, what employers should be doing in response and ask: is this really a big deal? What is changing? Since 2006 there has been a concerted effort by the UK government to encourage saving into private pensions.