The following Pensions practice note provides comprehensive and up to date legal information covering:
This Practice Note summarises the key legal developments that are expected to impact pension lawyers within the next 18 months and will continue to track them to their conclusions.
To track developments relating to:
legislation, see Tracker: Legislation tracker—pensions
forthcoming cases, see Tracker: Case tracker—forthcoming cases—pensions
judgments handed down in 2019, see Tracker: Case tracker—judgments handed down in 2019—pensions
consultations, see Tracker: Consultation tracker—pensions
Pensions Ombudsman determinations, see Tracker: Pensions Ombudsman determination tracker
In February 2019, the UK Statistics Authority (UKSA) consulted the Bank of England and the then Chancellor of the Exchequer to stop the publication of the Retail Prices Index (RPI) and, in the interim, address the shortcomings of RPI by aligning it with CPIH. On 4 September 2019, the Chancellor of the Exchequer responded by announcing his intention to consult on the timing of when to bring the methods in CPIH into RPI, effectively aligning the measures, to give users time to prepare for the many complex effects such a change will have.
In a letter to the chair of the House of Lords Economic Affairs Committee on 13 January 2020, the then Chancellor of the Exchequer, Sajid Javid, announced that the joint consultation between the government and UKSA on a proposed change to address the shortcomings in RPI (which was initially expected in
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When defendants are guilty, they have a choice to plead guilty or to put the prosecution to proof. When they plead guilty they may benefit from a reduction in their sentence as a result, see Practice Note: Credit for guilty plea. However, the Sentencing Council's overarching guidelines on reduction
Statutory declaration of solvencyA company enters voluntary liquidation when the members of the company vote to do so by a special resolution. For more information, see Practice Note: What is a members' voluntary liquidation (MVL) and where/when is it typically used?Before the members can vote on a
This Practice Note considers claims for damages for breach of statutory duty. For guidance on claims for damages for a negligent breach of duty of care outside a statutory duty, see Practice Notes:•Negligence—when does a duty of care arise?•Negligence—when is the duty of care breached?Breach of
Background to the Single RulebookHistorically, the European Commission (Commission) favours using Directives (rather than Regulations) to set out its legislation in respect of the financial services sector. However, Directives, allowing Member States greater flexibility in how they implement
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