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Budget 2024
Now the dust is settling on the Budget and the frenzied pre-Budget deal making is behind us, some quick reactions, predictions and...
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Burges Salmon blog Archive
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IHT and protecting "small family farms"
The Budget announcement that APR and BPR are to be capped means that almost all farms (save for low value smallholdings) will have...
Budget 2024 – the great pensions tax overhaul that wasn’t (or was it?)
Moving to flat rate tax relief on employee pension contributions, capping the PCLS at £100,000, introducing NICs on employer pension...
Pensions Savings: Mind the Gap
Since the early 1900s, life expectancy has increased from an average of 46 years to around 80.6 years for people born between 2020 and...
Renters’ Rights Bill 4: Enforcement
As the Renters’ Rights Bill proceeds through Parliament, this is one of a number of articles we are publishing looking at the proposed...
Decisive action against pensions fraud: The Friendly Pensions Limited case
The Pensions Regulator (TPR) has released its Regulatory Intervention Report on Friendly Pensions Limited. Notably this case...
Council of Europe Convention on AI: UK, US, EU Sign First Legally Binding AI Framework
The UK, US and the EU, amongst others, have become signatories to the Council of Europe Framework Convention on Artificial Intelligence (AI
UK Budget and immigration: invest, investment but no investor visa?
For me, the key similarity between the Spring Budget delivered by Jeremy Hunt (see my previous post) and the Autumn Budget announced by...
TPR's Latest Review on TCFD Reporting
Introduction
Following the conclusion of the second year of the Task Force on Climate-related Financial Disclosures (“TCFD”) reporting...
AI Safety Institutes: Characteristics, Functions, and Challenges to date globally
The Institute for AI Policy and Strategy has produced a report titled “Understanding the First Wave of AI Safety Institutes:...
The Securitisation Regulations: What they are and why are they relevant to occupational pension schemes?
The Securitisation Regulations 2024 were published in January (the “Regulations”).
The Regulations were then amended by a set of amending...
Evolution of the Contract for Difference
A Solar Power Portal article makes the case for adapting the existing contract for difference for electricity if we are to meet our clean...
AI and data - a taxonomy
The Open Data Institute - a non-profit seeking to promote trust in data - has produced a taxonomy of the data involved in developing,...
Report: UK AI adoption - cautious optimism and emerging enthusiasm
A global study conducted by consultancy BearingPoint has identified that the ‘UK leads in AI enthusiasm and maturity, yet faces...
Review into the operational effectiveness of the Care Quality Commission confirms significant failings
The final Dash Report and report by Professor Richards commissioned by the CQC sets out recommendations to improve the regulator’s...
AI and Public Services - G20 2024 report
The G20 has published a report on ‘Mapping the Development, Deployment and Adoption of AI for Enhanced Public Services in the G20 Members’
What does the AI Sector in the UK look like? DSIT's study published
On 23 October 2024, the UK's Department for Science, Innovation & Technology (DSIT) published its Artificial Intelligence Sector Study
G7 toolkit for AI in the public sector
The G7 has produced a toolkit for AI in the public sector (here). The G7 is an informal forum that brings together Italy, Canada, France,...
Evaluating frontier AI systems - early lessons from AISI
The UK's AI Safety Institute (AISI) has published a blog post on early lessons from evaluating fronter AI systems (here). AISI is a...
Pioneering regulation enables manufacture of modular and point of care medicines in the UK
Regulation introducing a framework to enable the manufacture of highly personalised medicines and medicines with a very short shelf life,...
Companies House – new powers to issue non-compliance penalties
The Economic Crime and Corporate Transparency Act 2023 and related regulations give Companies House the tools to play an expanded role in...
New Post-Market Surveillance SI published to align UK with EU, subject to key differences for medical device manufacturers
The proposed text of the new Post-Market Surveillance regulations has been published, looking to bring UK PMS requirements for medical...
Law Society sets new AI strategy
The Law Society of England and Wales has announced a new artificial intelligence (AI) strategy (here).
The strategy focuses on three...
UK and Welsh Governments launch an Independent Commission into the water sector
On 23 October 2024, the UK and Welsh Governments announced the launch of an Independent Commission into the water sector and its...
Renters’ Rights Bill 3: Children, Benefits and Pets
As the Renters’ Rights Bill proceeds through Parliament, this is one of a number of articles we are publishing looking at the...
Budget 2024 rumours: what could be in store for public sector pensions?
Its hard to remember the last time a Chancellor’s budget has been so hotly anticipated. With an end to weeks of speculation almost...
Companies House and identity verification - when is it going to happen?
The Economic Crime and Corporate Transparency Act 2023 brings about some of the most significant changes to Companies House since it was...
Ch-ch-ch-changes: more changes on the way for how employers manage tips
This article was co-authored with solicitor, Shannon Willett.
As previously reported here, the Employment (Allocation of Tips) Act 2023
Public Sector Pension Schemes: Procuring AI
The integration of artificial intelligence (AI) into public sector procurement presents significant opportunities and challenges. As...
Much ado about timescales - planning challenges
The recent judgment in Farnham Town Council v Secretary of State for Levelling Up Housing and Communities and another [2024] EWHC 2458...
LGPS pooling and investment reforms - where are we now?
We last considered LGPS investment and pooling reforms in late June, just before the General Election, when we speculated as to what a...
Renters' Rights Bill 2: How to obtain possession if section 21 notices are abolished?
As the Renters’ Rights Bill proceeds through Parliament, this is one of a number of articles we are publishing looking at the...
CMA ISSUES GUIDANCE ON CONSUMER LAW COMPLIANCE FOR FASHION RETAILERS’ ENVIRONMENTAL CLAIMS
The Terrorism (Protection of Premises) Bill / Martyn’s Law
In September 2024 the Government introduced the Terrorism (Protection of Premises) Bill (the "Bill") into Parliament. Dedicated to...
Payments firms take note!...
On 9 October, the FCA published the key findings from its review of implementation of the Consumer Duty by payments firms.
Why now?
New Regulatory Innovation Office aims to speed up approvals for novel technologies
The UK government has launched a Regulatory Innovation Office to help bring new technologies to the public faster by reducing the time it...
The House of Lords reports on the operation of public inquiries
The Statutory Inquiries Committee published its report “Public inquiries: Enhancing public trust”. The headline is that it recognises...
Infrastructure (Wales) Act - Consultation open until 13 December 2024
The long awaited (and lengthy) consultation on the detail needed for the Infrastructure (Wales) Act 2024 (the Act) to become operational...
Updated Compulsory Purchase Process Guidance – key changes
Lights, Camera, (High Court) Action: Cineworld Restructuring Plans Sanctioned
On 30 September the High Court sanctioned the restructuring plans of four entities in the Cineworld group, in so doing declining to grant...
Employment Rights Bill special - read all about it!
The new government promised an Employment Rights Bill within its first 100 days and so it has come to pass. Today the Employment Rights...
When is a thing a thing?
On 11 September 2024, the Property (Digital Assets etc) Bill (the Bill), was introduced into Parliament.
The Bill is the first piece of...
FCA's latest expectations for financial advisers and intermediaries
On 7 October 2024, the FCA published a Dear CEO letter aimed at financial advisers and investment intermediaries.
The letter focuses...
Renters' Rights Bill 1: Residential tenancy changes proposed by the Bill
The Renters’ Rights Bill is due to start its second reading in the House of Commons today (9 October 2024).
The Bill proposes...
Dear CEO letter to Payment Service Providers: New rules on APP fraud reimbursement
Yesterday the CEOs of Payment Service Providers (PSPs) were all sent a letter by the FCA. Signed off by the FCA’s director of “Payments...
UK Cyber Security and Resilience Bill - update
The Government confirmed last week that the new Cyber Security and Resilience Bill (the "Bill") will be introduced to Parliament in 2025....
Preventing sexual harassment at work - new law incoming imminently...
The blog was co-authored with employment solicitor, James Edmonds.
In anticipation of the new duty on employers to take reasonable steps...
Pensions Dashboards Update
Since our last Pensions Dashboards Update in June and our consideration of the industry’s preparation for connection there have...
DC Pension Schemes – Busy times ahead and a compressed market emerging
As we previously reported, Defined Contribution (DC) schemes are very much the focus of attention from the Government and regulators...
Sharing success stories on the road to Net Zero transport
Last month we attended the Cenex Expo 2024 and were pleased to see conversations framed around the benefits and opportunities...
Coming into force very soon..new securitisation rules (part of the UK's 'Smarter Regulatory Framework')
On 30 April 2024, the FCA and PRA published the UK’s new securitisation rules (the “New Rules”). These are firm-facing rules contained in...
The PPF publishes its Levy Consultation 2025/26
Introduction
The Pension Protection Fund (PPF) published its consultation for the 2025/26 levy estimate on 12 September 2024 and confirmed...
Insolvency of ISG - Maximising insurance recoveries for Employers
In the wake of ISG’s insolvency, in addition to the issues raised in the recent article by Jessica Evans (see Top Tips for Navigating...
The Importance of Culture in the Legal Sector: A Strategic Priority
As the legal sector continuously adapts and evolves to embrace the future, one critical element remains a steadfast pillar of a law...
Cabinet Office releases Annual Report on National Security and Investment Act
The Cabinet Office recently released its Annual Report on the National Security and Investment Act (the “Act”) 2021, which covers the...
A third kind of property - digital assets
The new Property (Digital Assets etc) Bill (“the Bill”) had its first reading in the House of Lords on 11 September 2024. In brief, the...
Conversational AI could be coming to Pensions sooner than you think – are you prepared?
At present, when the average person on the street thinks about ‘speaking AI’, their mind will first probably go to the likes of Alexa –...
EU AI Pact: first signatories announced
The EU Commission has announced that over 100 organisations have signed the AI Pact, a series of voluntary commitments to start applying...
AI assurance techniques: UK publishes an updated portfolio
The UK government's Responsible Technology Adoption Unit (a directorate within the Department for Science, Innovation and Technology, and...
SaaS passes “the Ronseal test”
The recent Commercial Court judgment in Kompaktwerk v LivePerson 2024 has provided comfort for Software as a Service (SaaS) providers....
SDR, ESG, SFDR, OFR and other acronyms.....and, how do we deliver clear and sound messages to consumers about sustainable investing?
We hosted a fascinating conference last week in collaboration with TISA, at our offices in London, the “ESG Investing Conference”. It was...
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