
Publication
Essential Corporate News – Week ending 23 May 2025
The Companies and Limited Liability Partnerships (Annotation) Regulations 2025 and an accompanying Explanatory Memorandum were published on 14 May 2025.
United Kingdom | Publication | April 2024
From April 6, 2024, employees are entitled to a new form of unpaid leave. Employees with dependants having long-term care needs may take up to one week per year as carer’s leave to provide or arrange care.
The provision covers dependants that require care for an illness or injury for a period that is likely to be longer than three months, or for a disability, or those who require care because of old age. The entitlement arises from the first day of employment and may be taken all at once or as full or half days throughout the year.
Under the Carer’s Leave Regulations 2024, all terms and conditions of employment (apart from pay) continue during carer’s leave. This means, unlike during other forms of unpaid leave (additional maternity, paternity or adoption leave), pensions accrual continues during the period of absence, although the regulations do not specifically refer to this aspect of the employee’s rights.
Benefit accrual for such a limited annual period is unlikely to have significant cost implications for employers. However, as carer’s leave is treated differently in law from other forms of unpaid leave, schemes may wish to consider amending their scheme rules to reflect this when the document is next updated.
Publication
The Companies and Limited Liability Partnerships (Annotation) Regulations 2025 and an accompanying Explanatory Memorandum were published on 14 May 2025.
Publication
The Regulator’s annual funding statement for private sector DB schemes was published on April 29, 2025. It is the first such statement since the new DB funding regime came into force from September 22, 2024, onwards.
Publication
On April 29, 2025, Minister for Pensions Torsten Bell confirmed that new regulations will be laid in the autumn to allow for multi-employer collective defined contribution (CDC) schemes to be established. The related press release can be read here.
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