The long-awaited Defined Benefit (DB) Funding Code of Practice (the “Code“) was laid before Parliament on 29 July 2024. The Code, which is expected to come into force in early October 2024, sets out TPR’s expectations for trustees and sponsoring
More about Part 2 – The new DB funding code: Navigating the regulatory landscape – October 2024In October 2023 (PART 2 – A Snapshot from the Courts – Wedlake Bell) we provided a snapshot of some interesting High Court decisions which could have significant ramifications for pension schemes and members. Unsurprisingly, two of these cases: (i)
More about Part 3 – Busy Summer at the court of appeal – October 2024Please contact Clive with any queries on this Ready Reckoner. PARLIAMENT Effective Date Effect Bills (and Acts not yet in force) Pension Schemes Bill King’s Speech 17/7/2024. Parliamentary timetable awaited. Includes consolidation of DC small pots, values test for DC
More about Part 4 – Pensions ready reckoner October 2024Further to our update in April on the new duty to prevent sexual harassment (now enacted by section 40(A) of the Equality Act 2010 (“EqA”)), we are fast approaching the changes coming into force on 26 October 2024. To recap,
More about Prevention is better than cure (2): Employer’s duty to prevent sexual harassment in the workplaceIn this article for FT Adviser, Insolvency Partner, Robert Paterson spoke with the FT Advisor regarding the Hartley Pension Saga. With Hartley’s story serving as a reminder to prioritise thoughtful planning and careful assessment for sustainable business outcomes. To read
More about Insolvency Partner comments for ft adviser – What sipp providers and advisers can learn from hartley collapseA Wedlake Bell team, led by Partner Justin McGilloway and included Senior Associate James Newcome have advised the Trustees of the Telereal Pension Plan, sponsored by Telereal Services Limited, on a £130M bulk purchase annuity full plan buy-in with Aviva.
More about Wedlake Bell advises the trustees of the Telereal Pension Plan, sponsored by Telereal Services Limited, on a £130m bulk purchase annuity full plan buy-in with avivaDisgraced insolvency practitioner Kiran Mistry was found to have been acting as a de facto director of Lime & Black BPS while disqualified. City firm Wedlake Bell has successfully obtained judgment on behalf of Lime and Black BPS by its
More about Wedlake Bell and mha succeed in claim against disqualified former director of Lime & Black BPSOn the back of the historic landslide result in the General Election for the Labour party, we give our initial reaction to what a new Labour government means for private clients in terms of personal taxation and estate planning. Our
More about General Election analysis – Impact on private clients