PARLIAMENT Effective Date Effect Bills (and Acts not yet in force) Data (Use and Access) Bill Expected to be enacted by 5 April 2025 Intended to harness data power for economic growth and support modern digital government.
More about Part 5 – Pensions ready reckoner April 2025On 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 surplusThe 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 decisionsBackground 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 rescissionOn 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 regimeThe Technology and Construction Court (“the TCC“) has made what appears to be the first-ever Building Liability Order (BLO) under the Building Safety Act 2022 (the “BSA”), marking a significant development in building safety litigation. The BSA was enacted to improve building safety
More about First building liability order under the Building Safety ActWelcome to the March 2025 edition of In Trust. In this edition, we take a look at some key updates affecting private clients and their estate planning. The Chancellor Rachel Reeves today (26 March 2025) delivered the government’s Spring Statement,
More about In Trust – March 2025Although the Court of Appeal judgment in Purkiss v Kennedy & Ors [2025] EWCA Civ 268 deals with the purpose requirement of s 423 Insolvency Act 1986, its importance rests equally on its reminder of the difficulties faced by a
More about Purkiss v KennedyWelcome to the March 2025 issue of our international e-bulletin for private client, family office, and trustee clients and contacts. It’s been a busy start to the year, in anticipation of the upcoming changes to the taxation of non-UK domiciled
More about Globally Speaking March 2025The Register of Overseas Entities (“ROE”) is a UK government record of overseas entities that hold qualifying estates in UK land. Reportable entities are required to register with the UK Registrar of Companies (via Companies House) and to disclose information
More about The register of overseas entities: Widened protection regime and the public disclosure of trust information