Below 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 reputationWho needs to verify? The ID-V regime will apply to all new and existing company directors (modified for other registered business vehicles), PSCs and anyone filing on behalf of UK companies. The aim of targeting these key individuals is to improve
More about The implementation of compulsory identity verification: Autumn 2025
On April 6, 2025, the Neonatal Care (Leave and Pay) Act 2023 introduced significant changes for parents of new-borns requiring neonatal care. This new legislation aims to alleviate the stress faced by parents during challenging times, ensuring they can focus
More about Neonatal careThe Employment Rights Bill has undergone significant amendments following extensive consultations and parliamentary debates. Here’s an overview of the key updates. ‘Right to Switch Off’ Abandoned Initially proposed as part of the “New Deal for Working People,” the right to
More about Employment Rights Bill: Key updates and implications for employersOn 28 January 2025, the UK Government announced proposed legislative changes aimed at unlocking scheme surpluses. The changes are aimed at allowing employers to access surplus funds ‘trapped’ within schemes to enable trustees and sponsoring employers the ability to boost
More about Part 1 – Defined benefit (DB) surplus – UK government plans major changes to trapped surplus regimeBackground In 2005, Janus Henderson, the asset management group (formerly the Henderson Group) established an employee benefit trust to benefit employees and their families, and an employer-financed retirement benefit scheme in 2011 (established in anticipation of legislative changes), to benefit
More about Part 2 – High court decision – IHT mistake allowed for trust rescissionThe Pensions Ombudsman (“TPO”) has recently issued two noteworthy determinations with important implications for pension schemes and their members: (i) Mr H v Olivetti UK Limited Pension and Life Assurance Scheme (“Mr H’s Case”); and (ii) Mr N v Volkswagen
More about Part 3 – Pick of the pensions ombudsman’s decisionsOn 3rd February 2025 the High Court approved the merger of the Arcadia Executive Scheme (“Executive Scheme”) with the Arcadia Staff Scheme (“Staff Scheme”). Key Point: The case revolves around whether proposed scheme amendments were for a scheme’s proper purposes.
More about Part 4 – High court approves scheme merger diluting surplusPARLIAMENT Effective Date Effect Bills (and Acts not yet in force) Finance Bill 2024 – 2025 In House of Commons, due to be enacted by 5.4.25 Changes to treatment of transfers to QPOPS in EEA and conditions for QROPS in
More about Part 5 – Pensions ready reckoner December 2024