The draft Guaranteed Minimum Pensions Increase Order 2024 has been laid before Parliament, specifying 3 per cent as the amount by which GMPs attributable to earnings factors for the tax years...

Published on March 15, 2024, the most recent issue of the LTA guidance newsletter is now available from HMRC. Set out in the same format as the previous versions...

Nick Howard and Ben Wright discuss the proposal to make unfair dismissal a "day one" right for employees, a key focus of the UK Employment Rights Bill. For more insights, listen to their podcast here.

The Prudential Regulation Authority is consulting on rule amendments to increase Financial Services Compensation Scheme coverage on pension scheme buy-outs applying to individuals who have moved abroad.

On December 27, 2023, HM Treasury announced that the Spring Budget in 2024 will be on March 6, 2024.

The disputes team have written an article discussing an interesting recent Court of Appeal decision. The Court considered the impact of non-assignment...

The UK Employment Rights Bill proposes changes ensuring fair tip allocation, mandating that employers distribute tips, gratuities, and service charges to workers without deductions, enhancing transparency and fairness in workplace tipping practices.

Fiona Campbell and Lauren Piesley analyze proposed changes to collective consultation requirements under the UK Employment Rights Bill, outlining their potential impact on organizational practices.

In this episode of the series the team look at the key proposals set out in the bill which look at harassment protections as well as equality in the workplace.

The European Securities and Markets Authority has published a statement on deprioritising supervisory actions linked to pension schemes' clearing obligations pending the finalisation of the EMIR review.

Paul Griffin and Emily Bailey discuss 'Fire and Rehire' practices under the UK Employment Rights Bill, highlighting its legal implications and recent scrutiny in employment law.

Two new HMRC regulations address legislative anomalies from the Lifetime Allowance removal, clarifying lump sums, death benefits, and pension protections, effective retroactively from April 6, 2024.

HMT has published its response to its earlier call for evidence on the exemption for UK over-the-counter pension fund investments in derivatives from clearing obligations under the European Market.

The Pensions Ombudsman released a revised factsheet with suggested wording for pension schemes to guide members to its complaint service, applicable in responses to complaints and on scheme websites.

The Regulator's General Code came into effect on March 28, 2024, which was one day later than previously announced. It replaces ten previous codes, which have been revoked from the same date.

In a letter sent to the Governor of the Bank of England, and mentioned in a press statement, the Regulator has confirmed that pension schemes are now more resistant to LDI shocks.

On February 21, 2024, the Regulator published a blog encouraging trustees to take stock and plan for wider ESG risks and opportunities...

The Pensions Regulator's latest blog sets out three tips for trustees seeking ways to improve their scheme's EDI standards:

In this episode Partner Catrina Smith is joined by Amanda Sanders, Knowledge Director to focus on the proposals relating to trade unions and industrial action.

The Authorised Surplus Payments Charge (Variation of Rate) Order 2024 was laid before Parliament on March 11, 2024, and will amend the authorised...