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.
Partner
Email
lesley.browning@nortonrosefulbright.com
Recent publications
Publication
Upcoming deadlines for complying with federal pay equity legislation
Another compliance deadline is approaching under the federal Pay Equity Act – federally regulated employers are required to file an annual statement with the Office of the Pay Equity Commissioner on or before June 30, 2025, if they posted a pay equity plan in the previous year.
Subscribe and stay up to date with the latest legal news, information and events . . .