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HML starts voluntary redundancies after GMAC-RFC loss

HML is starting a voluntary redundancy programme after GMAC-RFC decided to move its mortgage book in-house.

The GMAC-RFC book is moving to Bracknell and all staff working on the contract have the option to move with it under Transfer of Undertakings (Protection of Employment) Regulations.

TUPE rights apply during a business transfer when the identity of your employer changes.

Julian Wells, marketing director at HML, says: “Employees working on the GMAC-RFC mortgage account have TUPE rights. We have started a voluntary redundancy programme. We hope to avoid making any compulsory redundancies.”

GMAC-RFC’s decision to move in-house comes after the former lender was taken over by Fortress Investment Group in April this year.

Fortress will officially take over on April 13 next year.

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Guide: how to change your auto-enrolment support

As we approach the two-year milestone of auto-enrolment, employers have had the opportunity to truly assess the capabilities of their chosen support. They are also now realising that getting to the staging date was the easy part, and that support is required for almost every aspect of the day to day running of their scheme. With the three-year re-enrolment window coinciding for many with the total removal of commission and Active Member Discounts from pension-related products and services, as well as the introduction of the pension charge cap in April 2015, many employers will have no choice but to review their support options. But, what is involved in transitioning your auto-enrolment scheme away from your current support options? This guide from Johnson Fleming aims to outline some of these key areas and provide information and discussion points on what you need to consider.