On 22 November, the Chancellor delivered his Autumn Statement, featuring significant pension reforms designed to “improve pension savers’ returns and boost growth in the UK”. These reforms will significantly impact both DB and DC schemes: The Chancellor announced a reduction
More about The Chancellor’s Autumn Statement 2023The Chancellor’s Autumn Statement on 22 November 2023 did not include any headline announcements for private clients, despite speculation in the weeks leading up to the speech that the Chancellor would take this opportunity to reduce the rates of inheritance
More about Autumn Statement 2023 – Private Client reactionThe new building control gateway approval regime applies to Higher Risk Buildings (“HRBs”) as defined in The Higher-Risk Buildings (Descriptions and Supplementary Provisions) Regulations 2023 (the Description Regulations). The gateway regime requirements and procedures are set out in the Building
More about Building Safety Act 2022 (BSA) – Gateway regimeCity law firm Wedlake Bell has bolstered its Employment team with the arrival of Stephen Ravenscroft, former Head of Employment at Memery Crystal, bringing the total number of partners in the team to three. Stephen is recognised as a leader
More about Wedlake Bell signifies growth ambitions with arrival of employment Partner, Stephen RavenscroftFollowing our Spring and Summer updates, we report below on the latest environmental, social and governance (“ESG”) developments from recent months. Client Earth v Shell: The latest developments [Key point: The judge rules that ClientEarth must pay Shell’s legal costs
More about Part 1 – Climate change updateWhilst the pensions industry watches its regulatory bodies and the Government closely for guidance, legislation and policy decisions, one must also keep an eye on decisions emanating from the UK courts. The summer of ’23 has seen a flurry of
More about Part 2 – A snapshot from the courtsKey pointThe proposed new tax regime replacing the LTA at breakneck speed from 6 April 2024 is very risky for all parties including trustees, administrators, members and indeed HMRC itself. Our main concerns are reflected in these Q and As:
More about Part 3 – Dismantling the lifetime allowance (“lta”)On 10th July 2023, the Chancellor made a series of announcements in his Mansion House speech that may potentially have significant implications on both DB and DC pensions. We first reported on the Chancellor’s speech here. The Mansion House Reforms
More about Part 4 – Mansion House reforms: Grand designs but jury out