Publication
Greece
The applicable legislation establishing a national screening mechanism for foreign direct investments (FDI) and implementing Regulation (EU) 2019/452 in Greece is Law 5202/2025, which was adopted on 22 May 2025 (Greek FDI Law).
Pensions UK calls on government to abolish PPF administration levy
United Kingdom | Publication | July 2025
Pensions UK (formerly the PLSA) has called on the Government to abolish the PPF administration levy, in a press release on July 3, 2025.
After a two-year pause, the administration levy has begun to be re-billed to schemes. Pensions UK considers that this could undermine the benefits of proposals in the Pension Schemes Bill 2025 to allow the risk-based PPF levy to be reduced to zero. It also refers to the 2022 departmental review of the PPF, which concluded that the administration levy was an "unnecessary complexity" and should be abolished.
As a result, Pensions UK asks the Government to include provisions in the Pension Schemes Bill 2025 to abolish the administration levy and permit the PPF to meet its operating costs "through its own Fund and substantial surplus".
Partner
Email
lesley.browning@nortonrosefulbright.com
Recent publications
Publication
UK Government’s Department for Transport publishes Maritime Decarbonisation Strategy
The UK Government’s Department for Transport (the DfT) has published its Maritime Decarbonisation Strategy, setting out its plan for decarbonising maritime and new decarbonisation goals for the UK domestic maritime sector.
Publication
Privy Council confirms burden of proof regarding duty to achieve best price reasonably obtainable rests with the mortgagor
On 29 May 2025, in Finlayson v Caterpillar Financial Services Corp [2025] UKPC 24 (The Bahamas), the Judicial Committee of the Privy Council of the United Kingdom (the Privy Council) heard the appeal of Mr Garet O Finlayson and Mr Mark Finlayson (the Appellants) following the Supreme Court of the Bahamas and the Court of Appeal of the Bahamas finding in favour of the respondent, Caterpillar Financial Services Corporation (the Respondent).
Subscribe and stay up to date with the latest legal news, information and events . . .