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Publication
Coming full circle: Closing Loopholes No 2 reinstates the common law tests
On 7 December 2023, Parliament passed the Fair Work Legislation Amendment (Closing Loopholes Act 2023),
United Kingdom | Publication | August 2022
This follows an earlier consultation which applied to former members of the British Steel Pension Scheme (BSPS) where eligible members are due compensation after inappropriate transfers. The general redress scheme will have BSPS-specific features in that it will consider the structure of the BSPS and benefits available under it, had the members not transferred to a DC arrangement. Alongside its review of its methodology, the FCA has published a technical report and manual provided by Deloitte, and a legal opinion from Michael Furness QC.
Publication
On 7 December 2023, Parliament passed the Fair Work Legislation Amendment (Closing Loopholes Act 2023),
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