02 Feb 2022 Clearing – potential one-year extension to pension schemes exemption, but further extensions unlikely By Edward Karsten, William Sykes The European Securities and Markets Authority (ESMA) has sent a letter to the European Commission (EC) recommending that the temporary...
26 Oct 2021 FCA publishes Long Term Asset Fund final rules By Lora Froud, Gavin Haran The FCA has published its final rules for the Long Term Asset Fund (LTAF). The LTAF is a new authorised fund vehicle that aims to make it...
28 Sep 2021 Official Working Group encourages pension savers to invest in long term assets By Lora Froud, Gavin Haran The Productive Finance Working Group has published its recommendations to UK policymakers to remove barriers to investment by retirement...
16 Jul 2021 The future of UK regulation: the FCA’s new business plan By Andrew Henderson, Gavin Haran The FCA has published its 2021/22 business plan. The publication of the plan was slightly delayed, which is perhaps unsurprising given...
07 Jul 2021 Pension scheme arrangements clearing exemption extended to 2022 By Edward Karsten, William Sykes The temporary clearing exemption for pension scheme arrangements, set out in article 89(1) of EU EMIR (as amended by EMIR Refit), has...
07 May 2021 FCA consults on the LTAF By Lora Froud, Gavin Haran, Tiffany Cox The FCA has published its long awaited consultation on the creation of a Long Term Asset Fund (LTAF). The LTAF is an open-ended...
31 Mar 2021 Pension scheme arrangements clearing exemption – proposed EMIR extension and the UK’s approach By Edward Karsten, William Sykes EU law – current lawEMIR, as amended by EMIR Refit, provides that certain pension scheme arrangements are temporarily exempt from the...
17 Mar 2021 The Pensions Regulator releases draft guidance on its approach to prosecuting new criminal offences By Macfarlanes The Pensions Regulator has published for consultation draft policy guidance outlining its approach to investigating and prosecuting the...
11 Feb 2021 The Pension Schemes Bill 2019-2021 has now received royal assent By Macfarlanes The long-awaited Pension Schemes Bill 2019-2021 has now received royal assent.The Pension Schemes Bill 2019-2021 (the Bill) will now be...
14 Jan 2021 New Pension Schemes Bill won’t apply retrospectively By Macfarlanes The Pensions Minister has confirmed that the new Pensions Regulator’s powers introduced by the Pension Schemes Bill will not apply...
13 Aug 2020 Financial Support Directions: what will the Pensions Regulator consider "satisfactory financial support"? By Camilla Barry, Jessica Lewis Back in May 2018, the Upper Tribunal handed down a significant judgment in the case of ITV plc v The Pensions Regulator. Our previous...
28 May 2020 Upper Tribunal rules that transfers of shares to a pension fund do not qualify for tax relief By Jessica Lewis The Upper Tribunal in HMRC v Sippchoice Ltd [2020] UKUT 0149 (TCC) has ruled that “transfers of non-cash assets made in satisfaction of...
20 Apr 2020 Auto-enrolment under Covid-19 By Camilla Barry During this global pandemic, many businesses have had to resort to furloughing their staff – a measure introduced by the UK Government...
04 Mar 2019 Board pay: Investment Association targets executive pension policies By Rasmus Berglund In the run up to the 2019 AGM season, the Investment Association (IA) is targeting the pension policies of listed companies, urging them...