Publication
Competition Act: Expanded private enforcement rights now in force
On Friday, June 20, 2025, Competition Act amendments came into force that significantly expand private parties’ ability to bring cases to the Competition Tribunal.
2024 UK Corporate Governance Code: no changes to pensions provisions
United Kingdom | Publication | February 2024
The 2024 Corporate Governance Code was published by the Financial Reporting Council on January 22, 2024, and is the key source of corporate governance recommendations for companies with a premium listing for financial years beginning on or after January 1, 2025. It consists of 18 Principles of good governance and 41 Provisions.
Provision 38 covers pensions and is unchanged from the previous version of the Code published in 2018. It recommends that only basic salary is pensionable and executive directors’ contribution rates (or payment in lieu) should be aligned with those available to the workforce. Any changes in pensionable remuneration, or contribution rates, should be carefully considered when compared to arrangements for the wider workforce.
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Recent publications
Publication
UK Pensions Briefing | Pension Schemes Bill – highlights for DB arrangements
The Pension Schemes Bill offers the prospect of access to surplus, definitive rules for superfunds, a reduced PPF levy and easier recovery of overpayments. Change is underway.
Publication
Proposed repeal and replacement of NI 43-101: Standards of Disclosure for Mineral Projects: Update
On June 12, the Canadian Securities Administrators published a proposed replacement of National Instrument 43-101 Standards of Disclosure for Mineral Projects and its related companion policy and form of technical report.
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