
Publication
International Restructuring Newswire
Welcome to the Q2 2025 edition of the Norton Rose Fulbright International Restructuring Newswire.
United Kingdom | Publication | June 2023
In Finishing Touches Cheltenham Ltd v The Pensions Regulator [2023], the First-tier Tribunal upheld the Regulator’s fixed penalty notice issued following an employer’s failure to declare compliance with its auto-enrolment duties.
After reaching its staging date on April 6, 2022, the employer had been due to submit its first declaration of compliance by September 5, 2022, but missed the deadline. On September 14, 2022, the Regulator issued a compliance notice, followed by a fixed penalty notice of £400 on November 9, 2022.
The employer appealed on the grounds that it had delegated its obligations to comply with the auto-enrolment requirements to an accountant. The tribunal rejected the appeal, finding that this did not relieve the employer of its auto-enrolment duties. Ultimately, the requirement to meet the employer’s pensions obligations was its own responsibility. However, the tribunal did accept that if the accountant had failed to adhere to its terms of engagement or to comply with its professional obligations, the employer could have a remedy against the accountant.
Publication
Welcome to the Q2 2025 edition of the Norton Rose Fulbright International Restructuring Newswire.
Publication
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
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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