United Kingdom | Publication | May 2024
The Government has launched a new online service making it easier to check for and fill any gaps in a National Insurance (NI) record to help increase an individual’s state pension.
The Check your State Pension forecast, a joint service by HMRC and the DWP, shows how much a state pension could be increased by detailing the voluntary NI contributions which would be needed to achieve the best pension possible.
Previously, separate telephone calls would be required, first to HMRC to get the NI record updated, then to the DWP for a reassessed state pension entitlement based on improved contribution record, which was a protracted process. However, new capacity at DWP will no doubt be required to process the changes and to avoid a new bottleneck in the system.
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We are delighted to be participating in Posidonia 2024. As one of the landmark events for the global shipping community, and with global shipping and maritime industry at such a pivotal juncture, we look forward to catching up with clients and contacts to continue to discussions with around navigating the current challenges and opportunities.
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On 3rd May 2024, the Hong Kong International Arbitration Centre (HKIAC) introduced new arbitration rules that would come into force on 1 June 2024. The 2018 Administered Arbitration Rules of the HKIAC (the 2018 Rules) have been well-received by users and are widely recognised as a market-leading set of arbitral rules since their releaseThe 2024 Administered Arbitration Rules of the HKIAC (the 2024 Rules) is a refinement of the 2018 Rules but with key changes to reflect advancing social norms of diversity, environmental and technological developments. They also introduce new powers and clarify existing powers of tribunals and the HKIAC.
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