Ahead of the Chancellor’s speech on Wednesday, our tax and pensions lawyers consider the key measures businesses can expect from Budget 2016. BEPS developments generally, and corporate interest deductions in particular The Base Erosion and Profit Shifting (BEPS) project is a fundamental priority for the international tax community and the...

International legal practice Osborne Clarke has advised 10 Local Government Pension Scheme (LGPS) Funds on the creation of the Brunel Pension Partnership (BPP), which will act as a new £27.5 billion investment pool. At the heart of the pool is a new investment company (BPP Limited). It will be responsible...

New Lifetime ISA announced In his Budget speech the Chancellor announced the introduction of a new Lifetime ISA (LISA) from 6 April 2017, available to any adult under 40, and designed to facilitate saving both for a first home and for retirement. In the run up to this Budget speculation...

A High Court decision, Hughes v Royal London, is of significance in relation to member transfers and possible pension liberation. Schemes may need to adjust their transfer processes given this decision. There are risks that members will make poor decisions but schemes will nevertheless have to agree to make a...

Welcome to the spring 2016 edition of Osborne Clarke’s quarterly trustee update. In here we summarise the latest pensions news of interest to trustees and all those involved with the pensions industry. If you would like to discuss any of the content, or have a subject that you would like...

International legal practice Osborne Clarke has advised the shareholders of Munich-based TomTec Imaging Systems GmbH on its takeover by Dutch-based medical technology manufacturer Philips N.V. A leading provider of intelligent image analysis software, especially for diagnostic ultrasound, TomTec’s software is used by more than 20,000 physicians and 600 health facilities...

“One of the most significant reforms in employment law in the next 12 months is a new obligation for businesses with 250+ employees to disclose the gender pay gap in their organisation. Whilst an employer is not required to report on gender pay under the draft regulations until April 2018...

The government has issued a consultation on the detail of the tax framework for the proposed secondary market which will allow people to sell their annuities in certain circumstances. This follows a previous consultation on the policy framework for a secondary annuity market in 2015, the details of which we...

The government has launched a call for evidence asking for views on “non-compete” clauses which, on the termination of an employment relationship, seek to prevent a former employee competing against his or her former employer for a certain period. (See here) The call for evidence has arisen in light of...