News

  Business activities may be impacted by Pensions Regulator’s new powers

The proposed increase in powers for the Pensions Regulator will mean more companies seeking clearance and increased demand for additional contributions from trustees. The new powers mean that normal business activities such as refinancing, dividend payments and restructuring will now be at serious risk of Regulator action.

  Revised Clearance Guidance issued by the Pensions Regulator

Updated Clearance Guidance changes the framework within which employers seek clearance for future business activities and puts more pressure on trustees to seek mitigation.

  New provisions governing pension debts due when employers leave a pension scheme

Pension debts fall due when employers leave a pension scheme. While employers are able to propose arrangements that result in lower debts, trustees have significant power to block such proposals.

  Companies urged to take action now ahead of UK immigration rules implementation

Companies are urged to begin putting into place internal processes to enable them to deal with new UK immigration rules, based on a points based system (PBS), that come into effect incrementally from 29 February 2008.

  Julia Onslow-Cole joins PwC Legal Immigration team

Julia Onslow-Cole has joined PricewaterhouseCoopers Legal LLP as a partner and UK head of global immigration. The appointment of Julia Onslow-Cole is part of the firm’s overall strategy to expand its UK immigration services globally.

  Companies Act 2006

The Companies Act 2006 received Royal Assent on 8 November 2006 and is the largest piece of legislation ever passed in the UK. The next stage of provisions is coming into force in April– are you ready?

  New immigration reform to start in 2008

Following two years of radical planning to reform the UK immigration system, the Government has announced that the implementation of the new points based system (PBS) will come into force from April 2008. What will the changes mean for you?