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.
Reforms to net pay arrangement reforms: First top-up payments to be made in 2026
United Kingdom | Publication | February 2025
A new system was announced at the Autumn 2021 Budget for HMRC to make direct top-up payments to low-earning individuals saving schemes that obtain tax relief using a net pay arrangement. The Government has confirmed in a parliamentary statement that HMRC are developing an IT solution to identify eligible individuals and make the required payments.
The first payments will be made to eligible individuals in 2026, based on pension contributions made in 2024/25. Approximately one million individuals in net pay schemes will be offered an annual top-up payment of around £70. This will help align low paid members’ outcomes with equivalent savers in pension schemes that use relief at source.
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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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