Publication
International Restructuring Newswire
Welcome to the Q2 2025 edition of the Norton Rose Fulbright International Restructuring Newswire.
No Pensions Bill in King's Speech
United Kingdom | Publication | November 2023
Delivered on November 6, 2023, the King’s Speech failed to make any mention of pensions, although there had been suggestions that a new Pensions Bill could build on the Mansion House reforms announced by Chancellor Jeremy Hunt earlier this year.
This means there will be a long “to do” list for an incoming Government after the next General Election. It seems that pensions policy relating to ambition for DC schemes to increase their investment in private equity, thus boosting the UK economy, could remain in limbo or will potentially be delivered without regulatory teeth.
The Chancellor’s Autumn Statement will be delivered on November 22, 2023, but without scheduled legislation, proposals to speed up the consolidation of defined benefit schemes, boost investment in more illiquid assets and enhance value for money in DC schemes could face a frustrating delay.
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Recent publications
Publication
UK MAR: Navigating disclosure obligations in uncertain markets
In the current geopolitical climate, with the imposition of tariffs and associated macroeconomic uncertainty, publicly traded companies across sectors will need to consider the potential impact on their business in the context of their ongoing disclosure obligations.
Publication
Secondary capital raising regime
In July 2022 the UK Secondary Capital Raising Review published its report (Report) setting out a series of bold and wide-ranging recommendations for improving the secondary capital raising regime in the UK designed to make it quicker, more flexible, more inclusive of retail investors and more cost-effective, as well as moving towards digitisation and making better use of technology.
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