Chapter 5 of Part 1 of the Pensions Act 20081 makes provision for the establishment of a trust-based occupational pension scheme and for a trustee corporation2. The Secretary of State3 must establish a pension scheme4 and make provision for its administration and management5. Such a scheme is to be treated for all purposes as established under an irrevocable trust6. It must when registered7 be a scheme such that a jobholder's8 employer9, if a participating employer, may comply with an enrolment duty10 by arranging for the jobholder to become an active member11 of the scheme12. The scheme administrator13 must ensure
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IntroductionShari'ah (also Sharia, Shariah or Shari’a) (literally, in Arabic, 'the path towards the watering place') or Islamic law is the legal system of the religion of Islam that sets out a system of duties or code of conduct for individuals to follow so that they may live their life in a
Overlapping insurance policesThere are various reasons why an insured may end up with overlapping insurance cover, whether deliberately or otherwise.Examples include the situation where the insured takes the benefit of other insurance arranged by another party or where, in the commercial world, risk
Produced with input from Rebecca Cousin of Slaughter and May on market practice.This Practice Note summarises the rules and guidance in relation to parties who are, or may be presumed to be, acting in concert for the purposes of The City Code on Takeovers and Mergers (the Code). In particular the
BREXIT: As of exit day (31 January 2020), the UK is no longer an EU Member State. However, in accordance with the Withdrawal Agreement, the UK has entered an implementation period, during which it continues to be subject to EU law. This has an impact on this Practice Note. For further guidance on
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