Published on: 14 November 2024
Published by a Law360 reporter
In a late-night press notice on 13 November, the government announced plans to bring together the fragmented £392bn Local Government Pension Scheme (LGPS) and the rapidly expanding defined contribution pensions market. Sweeping changes, to be delivered via a new Pension Schemes Bill in 2025, will establish megafunds by amalgamating defined contribution (DC) arrangements and pooling assets held by the 86 individual LGPS administering authorities. The move aims to build Canadian-style megafunds with sufficient financial heft to back what ministers term growth assets, such as start-up companies and infrastructure. These megafunds are expected to be authorised by the Financial Conduct Authority. The proposals will feature prominently in a speech by the Chancellor of the Exchequer, Rachel Reeves, at Mansion House on the evening of 14 November 2024. Alongside the Mansion House address, the government’s assessment of the package is due to appear in the interim publication from phase one of the formal pensions review, launched on 22 July 2024 and led by Pensions Minister, Emma Reynolds. That interim report will set out the government’s analysis of the reforms as part of phase one therein...
When evaluating a general damages claim, the practitioner ought initially to refer to the Judicial College Guidelines (JCG)...
This Practice Note This Practice Note reviews mechanisms used in settling litigation. A Tomlin order consists of a consent order paired with a schedule. It operates to stay proceedings on terms that have been agreed. The provisions contained in the schedule may remain confidential. This Practice Note describes the scope of confidentiality attaching to the schedule and sets out how it differs from a standard consent order. Sample wording for a Tomlin order is included, alongside links to precedents, as well as guidance on court approval. It also addresses varying, setting aside and enforcing a Tomlin order, including the considerations the court will take into account when handling applications for each. Further guidance is provided on interpreting and applying the relevant provisions of the CPR; however, some courts and divisions impose very specific requirements for both drafting and approval, and for approaching the schedule and confidentiality issues. Accordingly, you must consider the particular rules and court guide provisions in the forum where your claim is proceeding when drawing up the Tomlin order...
Date [ date ] Parties [ name of Landlord ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Landlord) [ name of Tenant ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Tenant) [ [ name of Guarantor ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Guarantor) ] [ [ name of Mortgagee ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Mortgagee) ] Definitions Within this Deed, the terms below shall be interpreted as follows: [ Annual Rent • the annual sum reserved under the Lease; ] [ Insurance Rent • the Tenant’s share of the Landlord’s costs of insuring the Property (as set out in the Lease); ] Lease • the lease of the Property dated [ date ], entered into between (1) [ the Landlord OR [ name ...
I, [ name ], of [ address ], solemnly and sincerely state that: [ Matters to be verified, set out in numbered paragraphs ] I make this solemn statement in good conscience, believing it to be true, and pursuant to the provisions of the Statutory Declarations Act 1835. DECLARED at [ details ] this [ day ] day of [ month and year ] Before me ................................................................................ [ signature of the person before whom the declaration is made ] A [ commissioner for oaths OR [ solicitor OR [ insert other qualification ] ] authorised to administer oaths ]...