Related insights: Corporate
New PE backing for specialist technical distributor
17 Apr 2024
A distributor of critical products to the process and manufacturing industries has secured new private equity backing.
NVM Private Equity has backed a management buyout at MRO+ Solutions, with the business acquired from Cairngorm Capital Partners.
NVM Private Equity has backed a management buyout at MRO+ Solutions, with the business acquired from Cairngorm Capital Partners.
Pieces of the jigsaw – DWP consults on options for defined benefit schemes
08 Apr 2024
The foreword to the DWP's recently published consultation on options for defined benefit (DB) schemes promises:
"An overhauling of the pensions landscape to provide better outcomes for savers, drive a more consolidated market, and enable pension funds to invest in a diverse portfolio … As part of this work, [the DWP] will ensure that the assets held in UK pension schemes can work harder for scheme members, provide a secure retirement and support the growth of the wider economy".
"An overhauling of the pensions landscape to provide better outcomes for savers, drive a more consolidated market, and enable pension funds to invest in a diverse portfolio … As part of this work, [the DWP] will ensure that the assets held in UK pension schemes can work harder for scheme members, provide a secure retirement and support the growth of the wider economy".
Seeking individuals as investors? Regulatory conditions change again
28 Mar 2024
Womble Bond Dickinson reported in January that the long-overdue update to the conditions under which companies seeking funding could approach individuals without the need to have any promotional communications approved by a financially regulated firm. These changes, which took effect on 31 January, have proved very short-lived, and new limits now apply from 27 March 2024.
Region strongly positioned for energy sector deals
15 Mar 2024
David Ridley, managing associate at Womble Bond Dickinson, highlights the ever-increasing interest in the region's energy sector.
Regional growth in sight as WBD advises on East Midlands acquisition for TradeChoice
11 Mar 2024
Womble Bond Dickinson (WBD) has advised on the latest expansion of a major carpet and flooring distributor with the acquisition of a Nottingham-based company.
The firm's Corporate Finance team, which advises a number of globally-leading consumer brands and retailers, has acted for TradeChoice, a member of the Carpetright group, on the purchase of T&R Floor Covering Distribution, a family-run firm with more than three decades of expertise in the East Midlands.
The firm's Corporate Finance team, which advises a number of globally-leading consumer brands and retailers, has acted for TradeChoice, a member of the Carpetright group, on the purchase of T&R Floor Covering Distribution, a family-run firm with more than three decades of expertise in the East Midlands.
Womble Bond Dickinson experts share their views on Spring Budget at North East Chamber of Commerce event
06 Mar 2024
On 6 March 2024, Womble Bond Dickinson (WBD) experts shared their thoughts following the Chancellor's Spring Budget announcement, at the North East Chamber of Commerce's event.
LTA changes: getting ready for "L-Day"
22 Feb 2024
The Finance Bill issued on the 29 November 2023 introduced draft legislation to repeal the current Lifetime Allowance (LTA) regime and replace it with a new system of lump sum allowances. The changes are set to take effect from 6 April 2024: "L-Day".
However, the Finance Bill is still in draft and has only just passed the public bill committee stage; it could still be subject to further change before it receives Royal Assent. HMRC intends to continue hosting LTA working groups, and to issue communications every two weeks, right up to L-Day.
However, the Finance Bill is still in draft and has only just passed the public bill committee stage; it could still be subject to further change before it receives Royal Assent. HMRC intends to continue hosting LTA working groups, and to issue communications every two weeks, right up to L-Day.
The long-awaited 'General Code'
20 Feb 2024
In January 2024, the Pensions Regulator (the Regulator) at long last published its General (formerly 'Single') Code of Practice (the Code) and consultation response. This fulfils the Regulator's obligation under regulations published back in 2018, to issue a Code of Practice to help pension scheme trustees establish and operate an effective system of governance (the ESOG).
Womble Bond Dickinson advises Bovill on acquisition by Ocorian
12 Feb 2024
Womble Bond Dickinson (WBD) has advised specialist regulatory consultancy firm Bovill on its acquisition by Ocorian, a specialist global provider of financial and corporate administration services and regulatory solutions.
The acquisition of Bovill will enhance Ocorian's global regulatory and compliance platform to meet growing demand from asset managers and financial institutions for regulatory advice and compliance support.
The acquisition of Bovill will enhance Ocorian's global regulatory and compliance platform to meet growing demand from asset managers and financial institutions for regulatory advice and compliance support.
Cyber security in the pensions sector
08 Feb 2024
The risk of suffering a cyberattack is, at this time, high. In 2022, 39% of UK businesses identified a cyberattack, a figure that is said to be underreported, and 21% of those attacks were said to be more sophisticated in nature, such as those involving the use of malware, ransomware or denial of service (DoS) attacks.
Articles in Pensions Age and European Pensions in Autumn 2023 highlighted research which concluded that there had been a 4,000% increase in reported cyber security breaches by UK pension schemes in 2022/23 compared with 2021/22.
Articles in Pensions Age and European Pensions in Autumn 2023 highlighted research which concluded that there had been a 4,000% increase in reported cyber security breaches by UK pension schemes in 2022/23 compared with 2021/22.
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