B&Q parent Kingfisher and a number of other big retailers have written to the Department of Employment over concerns that if Brexit results in the loss of passporting , SAYE schemes administered through Yorkshire Building Society could be terminated . Yorkshire Building Society administers passports in Ireland , as do Barclays and Ulster Bank ; without passporting only Ulster Bank would be able to continue to do so , leaving many employers unable to offer the " key " benefit and staff retention tool for Irish staff .
B&Q parent Kingfisher and a number of other big retailers have written to the Department of Finance over concerns that if Brexit results in the loss of passporting, SAYE schemes administered through Yorkshire Building Society could be closed. Yorkshire Building Society administers SAYE in Ireland, as do Barclays and Ulster Bank; without passporting only Ulster Bank would be able to continue to do so, leaving many employers unable to offer the "key" benefit and staff retention tool for Irish staff.