Publication
Essential Corporate News – Week ending 10 January 2025
On 20 December 2024, the Financial Conduct Authority published PS24/17, Enhancing the National Storage Mechanism (NSM).
United Kingdom | Publication | February 2024
The Pensions (Special Rules for End of Life) Bill 2023-24 is a Private Members' Bill, which was presented to Parliament through the ballot procedure by Laurence Robertson MP on December 6, 2023.
At the start of each new parliamentary year, backbench MPs are invited to enter their names into a ballot those whose names are chosen in the draw may each bring in a Bill of their choosing, known as a Ballot Bill. Ballot Bills take priority over other Private Members' Bills when time is allocated for debates and so have a better chance of becoming law.
The Pensions (Special Rules for End of Life) Bill 2023-24 proposes to extend the period of life expectancy relevant to members receiving certain terminal illness payments from the PPF and Financial Assistance Scheme. For example, the Pensions Act 2008 allows members of the PPF who are terminally ill to claim a lump sum. Both the PPF and FAS use the same definition of terminal illness:
"A person is 'terminally ill' at any time if at that time the person suffers from a progressive disease and the person's death in consequence of that disease can reasonably be expected within 6 months."
The Bill proposes to amend the definition of terminal illness used by both organisations to include people with a life expectancy of up to twelve months, instead of six months.
The Bill was scheduled to have its second reading on February 2, 2024.
Publication
On 20 December 2024, the Financial Conduct Authority published PS24/17, Enhancing the National Storage Mechanism (NSM).
Publication
A recent decision made by the UK's Advertising Standards Authority (ASA) brings into sharp relief the challenges for airlines to strike a balance between marketing their sustainability efforts in an understandable and compelling way, whilst avoiding criticism for “greenwashing”.
Publication
On November 28, 2023, the European Commission (EC) adopted its first list of Projects of Common Interest (PCIs), i.e., projects within the EU territory, and Projects of Mutual Interest (PMIs), i.e., projects connecting the EU with other countries, including 166 projects implementing the European Green Deal.
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