Past service meaning

Where you are taking over your role from someone else and you are offered a handover Make the most of any chance to connect with your predecessor—even a short telephone call can be invaluable. Even minimal contact can surface practical pointers and context you might otherwise miss. This Checklist is for new in-house lawyers joining an organisation to replace the organisation’s previous in-house lawyer. It highlights key areas to address during any handover, however brief, and should be read alongside Practice Note: Taking up a new role in-house—replacing a previous in-house lawyer. Use what you hear to shape your immediate focus, not to constrain your judgement. That said, the position is now yours and you need not feel compelled to continue exactly as before. There are always several ways to approach matters and you should leave your own imprint on the role. Build on what was handled effectively in the past and, where it is apparent that certain elements were not operating as they should, be ready to...

Loss of earnings claims frequently arise in personal injury matters and can represent the biggest category of compensation in many cases. This checklist sets out the key points to weigh up when assessing historic earnings loss in practice. For guidance on general damages, including pain, suffering and loss of amenity (PSLA), see: Valuing general damages—checklist. Considerations Details Potential evidence Further reading 13-week approach Where the claimant had stable employment, pre-accident net pay is usually derived from the average taken across the three months (13 weeks) immediately preceding the incident, producing a representative net pay figure. Potential evidence: payslips covering the three months/13 weeks before the accident. Further reading: Practice Note: Past loss of earnings; Commentary: Earnings: Butterworths Personal Injury Litigation Service [1303]–[1366]. Alternative approach If a 13-week mean is unsuitable or unrepresentative—such as with seasonal roles, fluctuating pay, bonuses, atypical weeks, holidays or overtime—use a longer look-back, for example the prior 6,...

In this issue: Criminal procedure and evidence Proceeds of crime Appeal and judicial review Sentencing Bribery, corruption, sanctions and export controls Cybercrime and data protection offences Environmental offences Financial services and pensions offences Food safety and hygiene offences Fraud, forgery, tax and theft offences Health and safety and corporate manslaughter offences Local authority prosecutions Money laundering International LexTalk®Corporate Crime: a Lexis®Nexis community Daily and weekly news alerts New and updated content Dates for your diary Trackers Useful information Criminal procedure and evidence Court delays soar as backlogs break records Between April and June 2025, the criminal courts in England and Wales amassed an unprecedented caseload of almost 440,000, with incoming matters exceeding disposals and a system hampered by long-standing funding shortfalls. In response, the Ministry of Justice (MOJ), together with The Rt Hon David Lammy MP, confirmed extra resources to accelerate outcomes for...

In this issue: UK, EU and international regulators and bodies Authorisation, approval and supervision Operational resilience Financial crime and sanctions Consumer protection Complaints, compensation and claims management Investigations, enforcement and discipline Regulation of capital markets Packaged Retail and Insurance-based Investment Products (PRIIPs) Dispute resolution for financial services lawyers Regulation of derivatives Sustainable finance and ESG Investment funds and asset management UK MiFID II EU MiFID II Payment services and systems Fintech and cryptoassets Regulation of AI in FS LexTalk®Financial Services: a Lexis®Nexis community Financial Services Enforcement Database Daily and weekly news alerts Intraday news alerts New and updated content Dates for your diary Latest Q&As No Weekly Highlights on 24 April 2025 UK, EU and international regulators and bodies FCA announces first international presence in US and Asia-Pacific regions The Financial Conduct Authority (FCA) has unveiled its...

Nearly a dozen regulatory measures for the industry have been paused as the civil service enters the pre-election purdah period. Although the two main parties appear broadly aligned on many pensions policy questions, differences persist, and voices across the sector are urging concrete manifesto commitments. “A key uncertainty concerns the destiny of the recently overhauled pensions tax regime, alongside several other unresolved ideas, including the Chancellor’s Mansion House package,” noted Helen Ball, a partner at law firm Sacker & Partners LLP. “At present, it is far from certain how many will make it through the formation of a new government.” Mansion House Over the past year the pensions landscape has shifted markedly and visibly, driven by a strong political impetus, most notably, for retirement savings vehicles to channel more capital into growth assets such as start-ups and infrastructure schemes and projects. In June 2024, Chancellor Jeremy Hunt announced a suite of measures he said would “unlock” investment from pension funds into so-called productive finance, intended to spur economic...

ARCHIVED: This archived Practice Note summarises the Fee-Paid Judicial Pension Scheme (FPJPS), introduced by the Judicial Pensions (Fee-Paid Judges) Regulations 2017, SI 2017/522, arising from O’Brien v Ministry of Justice. It covers the statutory framework, governance, eligibility, contributions and benefit design. This note is not maintained... Statutory framework The Judicial Pension Scheme includes several arrangements: Judicial Pension Scheme 1981 (JPS 1981). Salaried judges appointed before 31 March 1995 will usually be members of this unfunded final salary scheme, created under JPA 1981. Judicial Pension Scheme 1993 (JPS 1993 or JUPRA). Salaried judges appointed between 31 March 1995 and 31 March 2015 will generally be members of this unfunded final salary scheme, established under JPRA 1993. Note that: There is an entitlement to elect to move from JPS 1981 to JUPRA at any point up to six months after retirement. For more information, see Eligibility, below. The Ministry of Justice began an options exercise in October 2023 to...

STOP PRESS: Abolition of non-dom regime and introduction of residence-based IHT regime Finance Act 2025 (FA 2025), which received Royal Assent on 20 March 2025, enacts the ending of the remittance basis of taxation and introduces a residence-based system from 6 April 2025. FA 2025 also removes domicile as the principal criterion for determining inheritance tax liability. Further measures include updates to the rules for excluded property, the ending of protected settlements status for offshore trusts, and revisions to overseas workday relief. For detailed guidance, see Practice Notes: The abolition of the remittance basis of taxation from 2025–26 and A new residence-based regime for IHT from 2025–26. See also: Finance Bill Tracking Service: Key dates (Finance Bill 2025) and Finance Act 2025. Summary of key reporting obligations This Practice Note reviews a range of tax and regulatory frameworks that require trustees—or, in certain instances, the settlor or adviser—of a non-UK resident trust to disclose information about the trust to a UK public body...

THIS PRACTICE NOTE APPLIES IN RELATION TO DEFINED BENEFIT LIABILITIES How defined benefit (DB) liabilities ought to be assessed depends on a number of factors, in particular: the valuation approach to be adopted. Common exercises undertaken comprise the following: scheme-specific funding valuations as required under Part 3 of the Pensions Act 2004 (PeA 2004) solvency (or buy-out) valuations as required by the Occupational Pension Scheme (Scheme Funding) Regulations 2005, SI 2005/337, reg 7 valuations required by the PeA 2004, ss 143 and 179 (often described respectively as s 143 valuations and s 179 valuations) neutral estimates to meet the requirements of Technical Actuarial Standard 300 (Pensions) cash equivalent transfer values (CETV) as specified under the Occupational Pension Schemes (Transfer Values) Regulations 1996, SI 1996/1847 IAS19 and UK GAAP valuations whether the liabilities under review concern past service or future service, as distinct categories This Practice Note sets...

1 The aim of the absence management strategy 1.1 Decrease the annual absence rate from [ insert rate, eg 3.5% ] to [ insert rate, eg 2.0% ]. 1.2 [ Lessen the negative effect on service delivery arising from the firm’s high level of short, irregular absences. ] 1.3 Enhance the handling of long-term sickness so its contribution to the firm’s absence rate is lowered. 2 Key trends and causes of absence over the past 12 months 2.1 [ One member of staff has been away for six months with long-term illness linked to stress (following the breakdown of marriage). No meetings have taken place yet owing to the sensitive nature of the sickness. ]...

This precedent has been produced on the basis that the drafter is acting for the buyer. The following warranties have been prepared for a transaction where: The Buyer will provide pension benefits through its own arrangement or via an appointed provider; and Employees’ past service benefits will not be transferred to the Buyer’s arrangement. You are strongly advised to involve a pensions specialist at the earliest opportunity. 1 Definitions For the purposes of paragraphs 2 to 7 inclusive: Employee means [ [specify as necessary, either by category or by named individuals ]; Pension Scheme [ s ] mean [ s ] [ [ name(s) of scheme(s) ] OR an arrangement or practice for the payment of, or contribution towards, an annuity, pension, lump sum, gratuity or similar benefit to be given on retirement, long-term ill-health or death, or pursuant to a pension sharing order, in relation to the service or historic service of an Employee or any other person, or...

This template is prepared on the footing that the drafter acts for the buyer. The warranties below are framed for a transaction where the Buyer: chooses to mirror pension entitlements for transferring Employees within the same pension scheme by executing a deed of substitution to participate and take on responsibility for the scheme, or agrees to accept a transfer of Employees’ past service benefits from the Seller’s pension scheme into its own scheme. You are strongly advised to engage a pensions specialist at the earliest opportunity. 1 Interpretation and definitions For the purposes of paragraphs 2 to 7 (inclusive): [ Employee means [ define as required, either by class or by naming individuals ]; ] Pension Scheme [s] mean[s] [ [ insert name(s) of scheme(s) ] OR any arrangement or practice for the payment of, or contributions towards, an annuity, pension, lump sum, gratuity or comparable benefit provided on retirement, long-term ill-health or death, or under a...