Savings credit meaning

Liberty Mutual Insurance Europe Se and other companies v Bath Racecourse Company Ltd (and 21 other Claimants listed in Appendix 1 to the Particulars of Claim) and other cases [2025] EWCA Civ 153 What are the practical implications of this case? Composite policies are often adopted as an efficient way to cover multiple insured parties, especially members of corporate groups, within a single policy instrument. The Court of Appeal’s reasoning that such a policy operates as a bundle of distinct insurance contracts between the insurer and each insured, together with its ruling here that each insured enjoyed a separate limit of indemnity, signals that limits in composite wordings will usually be treated as attaching to each individual contract, unless the language expressly provides that the limit is aggregated across all insureds under the composite arrangement. The court’s finding that insureds had to give credit for furlough monies is expected to carry broad market consequences for COVID-19 BI claims. The Court of Appeal’s outcome turned on the construction of...

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In this issue: Public procurement Governance Judicial review Children's social care Social care Social housing Healthcare Planning Pensions LexTalk®Local Government: a Lexis®Nexis community Daily and weekly news alerts New and updated content Public procurement Cabinet Office publishes new and updated Procurement Act 2023 guidance The Cabinet Office has released fresh guidance on the Procurement Act 2023 (PA 2023) for the Plan phase, explaining the meaning of ‘covered procurement’. For the Define phase, it has revised guidance on Dynamic Markets (clarifying when the statutory duty to have regard to the NPPS applies) and on Frameworks (confirming the applicability of that duty). For the Procure phase, it has updated the Remedies guidance to flag provisions in the TCC protocol on service of procurement claims, and refreshed the Procurement Oversight guidance to reflect adjusted publication timings for further information concerning the PRU. The government has also issued Prompt payment policy guidance. See: LNB News...

Advertising and marketing-Brazil-Q&A guide [Archived, 2021 edition] This Practice Note provides a jurisdiction-specific Q&A on advertising and marketing in Brazil, issued within the Lexology Getting the Deal Through series by Law Business Research (October 2021). Authors: IWRCF-Luiz Werneck; Talita Sabatini Garcia. 1. What are the principal statutes regulating advertising generally? the Brazilian Federal Constitution; the Consumer Protection Code (Federal Law No. 8,078/90); the Statute of the Children and Adolescents (Federal Law No. 8,069/90); the Brazilian Advertising Self-Regulation Code; Federal Law No. 5768/71; Decree No. 70,951/1972; Federal Law No. 5,768/71 and Decree No. 70,951/1972 regulate commercial promotions and sweepstakes; National Health Surveillance Agency resolutions. 2. Which bodies are primarily responsible for issuing advertising regulations and enforcing rules on advertising? How is the issue of concurrent jurisdiction among regulators with responsibility for advertising handled? In Brazil, rule-making for advertising is led by the National Advertising Self-Regulation Council (CONAR) and by the government, represented by the House...

Scope of this Practice Note This Practice Note sets out the Financial Conduct Authority’s (FCA’s) competition law powers under the Financial Services and Markets Act 2000 (FSMA 2000), together with associated investigative tools and sanctions for infringements. It also examines the secondary objective on international competitiveness and growth, introduced for the FCA and the Prudential Regulation Authority (PRA) by the Financial Services and Markets Act 2023 (FSMA 2023). In addition, it summarises the FCA’s programme of market studies, calls for input and other competition-focused reviews... Overview of the FCA’s competition law powers Under FSMA 2000, the FCA holds a statutory objective to foster effective competition for the benefit of consumers across markets for regulated financial services and for services supplied by a recognised investment exchange. When pursuing its other two statutory aims—protecting consumers and safeguarding market integrity—it must likewise further effective competition in consumers’ interests. Where markets appear to serve consumers poorly because competition is weak, the FCA may probe those markets and step in where necessary....

What is housing benefit? Housing benefit has traditionally been the support scheme to help people on limited incomes meet their rent. It is now largely superseded by the housing costs element within Universal Credit (UC). Most working-age people can no longer make a fresh claim for housing benefit. Nonetheless, it still applies to two sets of claimants: (a) those over pension age (b) those living in ‘specified’ or ‘temporary’ accommodation Eligibility for housing benefit Entitlement is assessed by looking at the rent due and the claimant’s income and capital (savings, property and investments). Housing benefit can be awarded to people who: pay rent are on a low income, and hold capital under £16,000, although for recipients of certain means-tested benefits, including the guarantee credit of pension credit, capital is disregarded Personal factors matter (such as the age and number of dependants, ownership of additional property, and other income received like maintenance payments or...