Background The Scheme’s liabilities were secured by way of a buy-in policy. The policy was then reinsured back‑to‑back with a captive reinsurer within the employer group under the ‘PenCap II’ structure, with a fronting insurer interposed between the trustee and
More about Part 3 – Buy ins, buy outs and surplus – lessons from Coca ColaKey Points The final guidance deadlines for pensions dashboards are fast approaching, with all UK occupational and personal pension schemes of 100+ relevant members required to connect by 31 October 2026. Failure to connect can result in significant regulatory fines.
More about Part 4 – Pensions Dashboards: a dash to the finishing line?Inheritance Tax And Certain Pension Benefits First and foremost, Inheritance Tax (IHT) – where are we now? The proposed new IHT legislation in Finance (No 2) Bill published on 4 December 2025 is making its way in Parliament. It is
More about Part 5 – Tax roundupPARLIAMENT Effective Date Effect Bills (and Acts not yet in force) National Insurance Contributions (Employer Pension Contributions) Bill 6 April 2026 (effect from 6 April 2029) The Bill empowers the making of Regulations, so that with effect from
More about Part 6 – Pensions Ready ReckonerOn Royal Assent – December 2025 The ERA 2025 repealed the Strikes (Minimum Service Levels) Act 2023, which previously allowed the Secretary of State to set minimum service levels for strikes in “relevant services”, such as health, transport and education.
More about The Employment Rights Act: what’s already in and what’s coming up firstSTAGE 1: Auction opening and indicative offers The starting point in M&A auctions is usually the preparation of an information memorandum by the seller about the target and the opportunity to acquire it. This is circulated – subject to a
More about Under the hammer – the auction process in M&ABelow are five essential steps to help you maximise value and minimise risk during your business sale. 1. Start Planning Early Where possible, exit planning should start years before you intend to sell. Early preparation gives you the flexibility to
More about Selling your business: 5 steps to optimise your exit strategyTo view this service offering as a pdf, please click here. Effectively tackling the issue of sexual harassment in the workplace has never been more important. For years, many employers have believed that a generic policy was sufficient. However, following
More about Sexual harassment in the workplace: protecting your people, culture, and reputationIn Pelgrave v The Pensions Regulator[1], the Upper Tribunal (Tax and Chancery Chamber) considered whether Elizabeth Ann Pelgrave should be subject to a contribution notice (CN) under section 38 of the Pensions Act 2004. The case arose from a determination by
More about Part 1 – TPR Contribution Notice against Director upheldProject Nemo: navigating global pension complexities in a share sale Project Nemo involved WB and i-Global Law acting for a US-headquartered cloud computing specialist in the Sale of its global communications division to a leading provider of share registration services.
More about Part 2 – Key Wedlake Bell international pensions and employee benefit projects