In this issue we invite you to join us at the virtual Restructuring & Insolvency roadshows and to the ‘Pension issues for Insolvency Practitioners’ webinar. And there are two important updates including an enforcement notice about debt solutions advertisements and guidance from HMRC on submitting VAT returns. The Regulatory and Conduct Annual Report 2021-2022 is also included as well as on-demand conference sessions from the 2022 instalment of the popular Restructuring & Insolvency conference.
Events
Invitation: Virtual Restructuring & Insolvency roadshows
For 2022 our popular free autumn roadshows will be hosted by webinar in one hour bite-sized sessions. Learn about hot topics in insolvency regulation and how they might affect you; be updated on current standards, requirements and legal decisions affecting insolvency practitioners; and learn from common pitfalls and find out how to ensure you’re compliant.
Resources
Webinar: Pension Issues for Insolvency Practitioners
A comprehensive round-up of all relevant pension scheme matters for IPs. This webinar will guide you through practical issues faced with company pension schemes and address statutory requirements and common issues such as working with Auto Enrolment providers, calculating unpaid pension contribution claims and how to determine which pension liabilities transfer under TUPE.
On-demand sessions: Restructuring & Insolvency conference 2022
Listen to the on-demand conference sessions from the 2022 instalment of the Restructuring & Insolvency conference.
Updates
Enforcement Notice: Debt Solutions Ads by Insolvency Practitioners
The Advertising Standards Agency (ASA) and the Committee of Advertising Practice have issued an enforcement notice regarding debt solutions adverts by IPs and lead generation companies.
The Notice states that 'Adverts targeted at consumers with debt problems have the potential to cause serious detriment if they do not comply with the advertising rules. IPs and lead generation companies which ultimately advertise an IVA/PTD service must be extremely careful to ensure their advertising is responsible and does not mislead.'
The Notice applies to adverts in all media placed by UK companies or targeted at UK consumers. This includes paid-for adverts in all traditional and digital media, including TV and radio, and non-paid-for advertising online, such as websites, email marketing and any social media presence you may have, including influencer and affiliate marketing.
IPs should read the notice to understand the kinds of advertising that are prohibited. The ASA will begin targeted monitoring and enforcement on 25 July 2022.
Professional Standards Department updates
Upholding the highest standards
Read more about the oversight of ICAEW’s regulatory and conduct roles and 2021-2022 activities in the recently published Regulatory and Conduct Annual Report 2021-2022.
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