CA daily briefing: Thursday 02 April 2020
Your essential briefing of the morning's top news stories.
Good morning, Hilde Oesterkloeft here to give you this morning's essential briefing.
The latest from ICAS
ICAS Chief Executive J Bruce Cartwright CA has today submitted a letter to Scottish Government MSP Fiona Hyslop, Cabinet Secretary for Economy, Fair Work and Culture, to outline concerns and queries from ICAS members about COVID-19 support. Read the letter here.
Christine Scott looks at new guidance from The Pensions Regulator (TPR) for defined benefit (DB) pension scheme trustees with a sponsoring employers in corporate distress due to the COVID-19 outbreak.
The Pensions Regulator (TPR) has launched an area on its website for COVID-19 updates for pension scheme trustees, sponsoring employers and administrators. Further updates are likely in the coming weeks as TPR responds to feedback, intelligence and the evolving risks.
A joint statement by the FCA, FRC and PRA announced a series of actions to ensure information continues to flow to investors and support the continued functioning of the UK’s capital markets. Alice Telfer looks at the changes.
Today's top stories from around the web
- BA expected to suspend 36,000 staff (BBC News)
- Britain's FCA proposes temporary financial relief for customers (Reuters)
- Coronavirus: UK house prices growth ‘grinding to a halt’ (City AM)
- Coronavirus: Oil prices rise on hopes of a price war truce (BBC News)
- Six in 10 UK firms have no more than three months of cash left (The Guardian)
- Coronavirus: Nearly one million apply for Universal Credit since 'stay at home' urge (Sky News)
- British business to lean heavily on government job retention scheme - survey (Reuters)
- Denying coronavirus loans 'completely unacceptable' banks told (BBC News)
- UK mobilises army, navy and air force reservists for coronavirus fight (City AM)
That's all for today. Check back tomorrow for your Friday briefing.