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UK employers advised on tackling regulatory barriers to workplace savings

( August 27, 2025, 10:15 GMT | Official Statement) -- MLex Summary: UK employers have been handed guidance today on overcoming perceived regulatory barriers to workplace savings models, where employees agree to an amount of their salary automatically going into an accessible cash savings account. The Financial Conduct Authority said employers should avoid accounts that are not in the employee’s name or that incur charges to withdraw funds. They should also communicate the option of a savings plan to employees without trying to persuade or entice them, to avoid making a “financial promotion” — a regulated activity which could require authorization. Statement below....

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