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UK Private Client round-up—28 August 2025: LPA fee rise, TPR ERI action, HMRC updates, failure to prevent fraud, sham trust ruling, pensions, OSCR updates

Published on: 28 August 2025

Published by a LexisNexis Private Client expert
Legal News
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Article summary

In this issue:

  • Trusts
  • Powers of attorney and advance decisions
  • UK taxes for Private Client
  • HMRC Manuals updates
  • Tax avoidance, evasion and non-compliance
  • Contentious trusts and estates
  • Pensions, insurance and tax-efficient investments
  • Scotland, Wales and Northern Ireland
  • Question of the week
  • Additional Private Client updates this week
  • Daily and weekly news alerts
  • LexTalk®Private Client: a Lexis+® community
  • New and updated content
  • Dates for your diary
  • Trackers
  • Latest Q&A
  • Useful information

Trusts

TPR acts against trustees over ERI breaches involving prohibited loans and loss of scheme funds

The Pensions Regulator (TPR) has issued a report under section 89 of the Pensions Act 2004, emphasising the grave ramifications for trustees who breach the employer-related investment (ERI) rules. It outlines enforcement measures taken against two former trustees of the Worthington Employee Pension Top-Up Scheme (the Scheme) — a trust-based money purchase occupational scheme created in 2006 — after prohibited employer-related loans were found to have been made using Scheme monies. Stephen Smith, one of the trustees, received a ten-month prison sentence, suspended, after admitting to making five unlawful loans to organisations linked to the Scheme’s sponsoring employer, Marcus Worthington and Company Ltd...

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