The judgment of Adam Johnson J in Re Great Annual Savings Company Ltd, (Re Companies Act 2006) [2023] EWHC 1141 (Ch) demonstrates again the rigorous approach the courts are taking in relation to the fulfilment of the conditions required to “cram
More about Re Great Annual Savings LtdRe Nasmyth Group Ltd (Re Companies Act 2006) [2023] EWHC 988 (Ch) sets out Leech J’s reasons for refusing to sanction a Part 26A restructuring plan. The company acted as the holding company of engineering subsidiaries in the UK and
More about Nasmyth group LtdLifetime Allowance (“LTA”) Changes In the March 2021 Budget (2 years ago), Rishi Sunak (as Chancellor back then), announced that the LTA would be frozen at the level of £1,073,100 until April 2026. Two years later and ta da! As
More about Part 1 – Budget March 2023 – Rabbits out of a hat (lifetime allowance and other pension changes)(1) Notifiable Events Amendment Regulations DWP consulted on the draft Regulations long ago in September 2021. There was much adverse comment. It seems revised Regulations are being worked on to reach a better balance between employer and scheme interests. Revised
More about Part 2 – Missing regulations etc. – Where are they?With the onset of Spring, the environmental social and governance (“ESG“) landscape for pension scheme sponsors and trustees continues to change. In this update, we have provided a brief roundup of four key ESG developments and provide some insight into
More about Part 3 – Climate change in the spotlight: Latest updates on the pensions green agendaThe Deputy Pensions Ombudsman has dismissed a complaint by a member of a self-invested personal pension concerning the administrator’s decision not to transfer his pension to a small self-administered scheme due to pension scam concerns. Background Mr I was a
More about Part 4 – Pension scams: Deputy pensions ombudsman flexes his musclesThe judgment of the Court of Appeal (Newey, Males and Snowden LLJ) in Hunt v Ubhi [2023] EWCA Civ 417 demonstrates the importance of the adequacy of any undertaking in damages given in support of an application for a freezing
More about Hunt v UbhiA round-up of legal updates for the Wills and probate industry over the past month is as follows. Tax policy – new tax year The new tax rates and allowances that came into effect from 6 April 2023 and that
More about Wills and Probate Monthly Update – April 2023