CANADA - Workers have won legal protection for their wages and pension contributions when their employer goes bankrupt, following the approval of a new Bill.
The Canadian Labour Congress said the changes were the result of an intensive three-year campaign by unions to change laws that unfairly put workers last in line to get paid.
Ken Georgetti, president of the Canadian Labour Congress, said Canadians had been waiting a long time for the protection measures.
He said: "It is not just unionised workers that will benefit but every working woman and man in Canada that will have this protection as soon as the government proclaims the Act."
HMRC has confirmed providers operating relief at source pension schemes can continue to collect automatic tax relief at a basic rate of 20% under new Scottish Income Tax rules.
The Pensions Regulator (TPR) is seeking "improved" powers to set a schedule of contributions in defined benefit (DB) schemes in the government's upcoming white paper, it has revealed.
New regulatory rules which require providers and advisers to produce annuity illustrations will not solve the problem of consumer detriment as they are "fundamentally" flawed, according to Retirement Advantage.
Paul Budgen is set to join financial technology and auto-enrolment (AE) firm Smart Pension as director of business development.