December 2016 Archive

STPs: a year in review

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A herculean effort has gone into drawing up the footprints and working with local authorities and neighbouring care organisations to discern priorities and discuss integrated working. Many of the areas can be proud of what has been achieved amid a backdrop of tough political and economic conditions as well as carrying on with business as usual. More …

A New Code for Ethical Franchising in Britain

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Following a long period of consultation and discussion at European level, the British Franchise Association (BFA) adopted the latest version of the European Code of Ethics for Franchising (ECEF) More …

Brexit High Court ruling reaction: chairman of leading law firm calls for decision to be made to avoid economic instability

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Chairman of Blake Morgan, Bruce Potter commented: "The country voted to leave the European Union, so it comes as no surprise that government are appealing today's decision not to allow them to trigger Article 50 without Parliament’s approval More …

Brexit could leave businesses more open to cyberattacks

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Justin Harrington, a partner at national law firm Blake Morgan specialising in technology, said: "It will be vital for UK businesses to ensure that our security levels are consistent with European cybersecurity measures - the Network and Information Security Directive (NISD) and the reworked EU privacy regime, the General Data Protection Regulation (GDPR). More …

A look at the new EU Data protection requirements in force from 25 May 2018

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A key task for pension schemes is to take proper care of the information they hold about members. From time to time, trustees of pension schemes are faced with specific situations where they need to do this in a way which satisfies data protection law. More …

From education to enforcement – and expectations and flexibilities

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The Pensions Regulator has made a number of statements recently that it is moving from education to enforcement in the context of scheme funding and corporate transactions. More …

GMP equalisation – light at the end of the tunnel

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Many people were expecting that this may never get resolved but the Government is now consulting – until 15 January – on some proposals that would provide a legislative solution to the problem of GMP equalisation (or more correctly unequal benefits arising from unequal GMPs). More …

HMRC extends pension scheme VAT arrangements for a further year

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HMRC announced that employers and trustees will have 12 months to bring their defined benefit pension scheme VAT recovery arrangements into line with the new policy More …

A brief update on the Pensions Ombudsman

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It's over a year since Anthony Arter took over the helm at the Pensions Ombudsman. Now seems an opportune time to look at some of the changes he has made to the organisation, the source of most complaints over the last year and where future complaints are likely to arise. More …

The Court of Appeal dismisses appeal by Barnardo's to switch inflationary index from RPI to CPI for the purposes of applying anti- inflationary protection to pension scheme members

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On 2 November 2016 the Court of Appeal gave its decision in Barnardo's and others v Buckinghamshire [2016]. The appeal was made by Barnardo's and related to the operation of its defined benefit pension scheme. More …