Our Board helps hold us accountable and makes sure we meet our aims now and in the future. It also performs some functions given to it by law, such as setting a levy on pension schemes.
In 2016, the PRA and FCA introduced a new individual accountability regime for banks – the Senior Managers and Certification Regime (SMCR). It was later adopted for insurers and was extended to all other regulated firms in December 2019. The regime is designed to make sure there’s clear accountability at the senior levels of an organisation. The aim is to make individuals more accountable for their responsibilities, conduct and competence.
The ruling The Court of Justice of the European Union (the CJEU) ruled in September 2018 that pension scheme members should receive at least 50 per cent of the value of their accrued old age �benefits if their employer became insolvent.
Our sustainability strategy sets out how we aim to lead by example in Diversity & Inclusion and outlines our commitment to being Disability Confident Leader. Here are some of our achievements to date.
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