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WBD_Services_Regulatory

Navigating financial regulation in 2021

24 Nov 2020
Finally, the transition period will end on 31 December 2020, and, at the time of writing, negotiations between the UK and EU give no indication that they will be anything other than standard "third countries" to each other from 2021 – albeit third countries with very similar legislation.
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GMP equalisation – transfers out

24 Nov 2020
Judgment in the supplementary Lloyds Bank case was handed down on 20 November 2020, providing some clarification as to the actions which must be taken by trustees of defined benefit pension schemes to address unequal guaranteed minimum pensions (GMP) where that GMP was transferred between occupational pension schemes.
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Court finds no 'classic' bait and switch selling where there is no confusion

20 Nov 2020
'Bait and switch' selling is the act of marketing certain goods, but then substituting alternative goods when such goods are supplied. At its broadest, it is any attempt to get customers to accept something different from what originally attracted them. Such acts may be restrained if they are deemed to constitute an actionable misrepresentation.
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Consenting electricity storage

18 Nov 2020
Electricity storage is a key technology in the transition to a smarter and more flexible energy system. It will play an important role in helping to reduce emissions to Net Zero by 2050.

FAQs - extension to the Coronavirus Job Retention Scheme

17 Nov 2020
On 31 October the Prime Minister announced that the Coronavirus Job Retention Scheme (the Scheme) will be extended until December and the Chancellor announced on 5 November that it will be extended until 31 March 2021. This FAQ deals with the changes to the Scheme that apply from 1 November.