How long can an employer keep outdated financial information

[Mojocvh]

As title,

I won't go into details too much, let's say pay has been going into account B for 6 months then they "screw up" and put pay into (original) account A (which is subject to a dispute).

Is there anything in law ref holding onto outdated data such as account details that have been superseded?

Cheers

Mo.

[KelWedge]

They have to hold records for years, But having said that (my job title is Financial Director) I would not be happy if that sort of mistake was made, and if it was I would be doing whatever needed doing to put the money in the correct account, if you could not get it from the other, and paying any costs you incured. Plus finding out what went wrong, and saying sorry.