Project Bank Accounts (PBA’s) were introduced to alleviate the problem of poor payment practices within the construction industry, following a review by the Government of the UK Construction Industry. PBA’s are ring-fenced bank accounts from which payments are made directly and simultaneously by a client to members of the supply chain.
Earlier this week, the government announced plans to strengthen requirements around late payments and retentions, which have been brought into focus again following the collapse of ISG.
Kevin Hollister, founder of Guiide, discusses the decisions people aged 25, 40, 60 and 75 will have to make when considering their desired retirement outcomes.
