A money purchase scheme1 that has its main administration in the United Kingdom2 satisfies the quality requirement in relation to a jobholder3 if under the scheme: (1) the jobholder's employer4 must pay contributions in respect of the jobholder; (2) the employer's contribution, however calculated, must be equal to or more than 3 per cent of the amount of the jobholder's qualifying earnings5 in the relevant pay reference period6; (3) the total amount of contributions paid by the jobholder and the employer, however calculated, must be equal to or more than 8 per cent of the amount of the jobholder's
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Commercial Property Standard Enquiries (CPSEs) are industry standard pre-contract enquiries used in commercial property transactions. CPSEs are endorsed by the British Property Federation and are free to use. The CPSEs include specific environmental enquiries at enquiry 15 and there are several
BREXIT: UK is leaving EU on Exit Day (as defined in the European Union (Withdrawal) Act 2018). This has an impact on this Practice Note. For further guidance on the impact of Brexit on e-money requirements, see Practice Note: Impact of Brexit: Payment services and electronic money directives—quick
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
An intention to create legal relations is requiredThere are various situations in which a court will hold that an agreement is not binding because, though supported by consideration, it was made without any intention of creating legal relations (see, eg, Blue v Ashley).Did the parties intend to
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