Publication
Transport, Trade and Logistics Update
A new form of security following the declaration of general average (GA) has the market wondering if a real change has occurred.
United Kingdom | Publication | July 2024
At the state opening of Parliament on July 17, 2024, the King’s Speech set out the new Government’s intention to introduce a Bill legislating on several areas of pension policy.
Although the Bill is yet to be published, background briefing notes set out the areas below that are due to be covered by the new legislation. The progress of many of these proposals was halted due to the dissolution of Parliament for the General Election.
Comment
The pensions proposals in the new Bill, which should appear in the next 12 months, were broadly welcomed. The baton has been picked up from the previous administration on many of these measures which were initiated by the previous government under its Mansion House agenda. Overall, the new Government says its intentions are to introduce measures to develop a private pensions market that "encourages consolidation and focuses on value and outcomes for members".
While the background notes to the new Bill make reference to the “huge success” of the auto-enrolment regime, they do not specifically cover its extension self-employed, nor mention any increase in the levels of contributions by all savers. Hopefully, these additional measures will be pursued early in this Parliament.
Publication
A new form of security following the declaration of general average (GA) has the market wondering if a real change has occurred.
Publication
There is much talk currently about South Africa standing at a political cross-roads, in relation to its ability to make the newly formed Government of National Unity work (and to unlock the legion economic and social benefits that would flow from making it work).
Publication
The Lloyd’s Open Form has been the maritime industry’s preferred form of agreement for salvage for over a hundred years. In response to industry concerns and the declining number of LOF contracts being concluded each year, an update to the Form was published in June this year.
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