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PRACTICE NOTES
FORTHCOMING CHANGE: Further to the Government's response to the Ministry of Justice’s and Office of the Public Guardian (OPG)’s consultation Modernising Lasting Powers of Attorney, the Powers of Attorney Bill received Royal Assent on 18 September 2023, becoming the Powers of Attorney Act 2023 (PAA 2023). Most provisions of the Act are not yet in force, pending secondary legislation. When it does come into force, PAA 2023 will introduce changes to the Mental Capacity Act 2005 (MCA 2005) to create a more modern lasting power of attorney (LPA) service. The changes will include: (i) introducing regulations to allow those involved in making an LPA to select whether to sign the LPA digitally or on paper; (ii) removing the ability for attorneys to register an LPA so that only the donor will be permitted to register; (iii) introducing regulations governing identification verification requirements in relation to registration applications; (iv) providing for a single route for registration objections to the OPG and widening the group of people who can lodge an objection
NEWS
The Low Pay Commission (LPC) has launched a consultation seeking evidence to help guide its recommendations on the 2025 national minimum wage (NMW) and national living wage (NLW) rates. LPC estimates that the rate required to meet the government's remit to the LPC is within the range of £11.61 and £12.18, with a central estimate of £11.89. The consultation closes at 11:59pm on 7 June 2024.
NEWS
The Low Pay Commission (LPC) has launched a consultation seeking evidence to help guide its recommendations on the 2026 national minimum wage (NMW) and national living wage (NLW) rates. The consultation closes on 30 June 2025.
NEWS
The Low Pay Commission (LPC) has launched a consultation seeking evidence to help guide its recommendations on the 2027 national minimum wage (NMW) and national living wage (NLW) rates. The consultation closes on 26 June 2026.
NEWS
The Low Pay Commission (LPC) has published its report on the National Minimum Wage (NMW) changes effective 1 April 2025. The report notes that the National Living Wage (NLW) will increase by 6.7% to £12.21, bringing it to two-thirds of the median wage by October 2025 and helping to offset the cost of living and boost household incomes. Furthermore, the number of jobs paying the NLW is expected to increase, from 1.9m to 2.2m. The youth rates of NMW have also seen significant rises in 2025, with the 18-20 year old rate increasing by 16.3% and the 16-17 year old rate by 18%, continuing efforts to reduce the gap between youth and adult rates.
NEWS
On 30 July 2024, the government issued a new remit for the LPC, which applies to the National Minimum Wage (NMW) and National Living Wage (NLW) rates that take effect from April 2025.
LPO
GLOSSARY
legal process outsourcing
NEWS
Local Pensions Partnership Investments (LPPI) has published its insights report, ‘Driving the UK and LGPS forward through partnership’, revealing that the local government pension scheme’s (LGPS) alignment with Canada’s ‘Maple 8’ model could unlock £16bn in UK infrastructure investment.
NEWS
Local Pensions Partnership Investments (LPPI) has published its insights report, ‘Driving the UK and LGPS forward through partnership’, revealing that the local government pension scheme’s (LGPS) alignment with Canada’s ‘Maple 8’ model could unlock £16bn in UK infrastructure investment.
LR
GLOSSARY
See the Listing Rules.
PRACTICE NOTES
ARCHIVED: This Practice Note has been archived and is not maintained. A significant restructuring of the UK listing regime came into effect on 29 July 2024 which included the removal of the premium and standard listing segments and the creation of a single listing category for equity shares in commercial companies. The commercial companies category is heavily disclosure-based and sits alongside other listing categories such as the shell companies, secondary listing and closed ended investment fund categories.  The UK Listing Rules sourcebook came into force to implement the changes and the Listing Rules sourcebook was revoked. For further information see Practice Note: Reform of the UK listing regime—fundamentals. This Resource Note reflects the listing regime prior to 29 July 2024 and has been retained for reference purposes. This Resource Note highlights relevant commentary, analysis and resources to assist with the interpretation of, and provide practical guidance on the application of, Chapter 10 of the former Listing Rules in force prior to 29 July 2024. Materials covered in this Resource
PRACTICE NOTES
ARCHIVED: This Practice Note has been archived and is not maintained. A significant restructuring of the UK listing regime came into effect on 29 July 2024 which included the removal of the premium and standard listing segments and the creation of a single listing category for equity shares in commercial companies. The commercial companies category is heavily disclosure-based and sits alongside other listing categories such as the shell companies, secondary listing and closed ended investment fund categories.  The UK Listing Rules sourcebook came into force to implement the changes and the Listing Rules sourcebook was revoked. For further information see Practice Note: Reform of the UK listing regime—fundamentals. This Resource Note reflects the listing regime prior to 29 July 2024 and has been retained for reference purposes. This Resource Note highlights relevant commentary, analysis and resources to assist with the interpretation of, and provide practical guidance on the application of, Chapter 11 of the former Listing Rules in force prior to 29 July 2024. Materials covered in this