Worldwide: Government Policy & Public Finance

This weekly update examines the newly enacted Pension Schemes Act 2026 and The Pensions Regulator's latest annual funding statement, which reveals that approximately 90% of defined benefit schemes are now in surplus on a technical provisions basis. The summary also covers emerging evidence on DC consolidation economies of scale, TPR's five-year corporate strategy consultation, and new HMRC guidance on inheritance tax treatment of unused pension pots.

The Pensions Regulator (TPR) has published its 2026 Annual Funding Statement. While targeted at DB schemes undergoing valuations with effective dates between 22 September 2025 and 21 September 2026...

The Government has recently launched the Sovereign Venture Fund ('Sovereign AI'), a £500 million state-backed investment vehicle designed to support early-stage British AI companies with capital, compute...

It is often said that those with the broadest shoulders should bear the heaviest loads. This principle is clearly reflected in the UK tax system, where individuals with a greater ability to pay, contribute a larger share of the overall tax burden.

As we approach the end of the 2025/26 tax year, now is the ideal time to review your personal tax position and assess whether you are making full use of the reliefs and allowances available.

Welcome to BCL's latest sanctions round-up, highlighting key UK and international developments in sanctions law and compliance.

On May 8, 2025, the United States and the United Kingdom announced a significant trade agreement aimed at strengthening economic ties between the two nations.

On 6 May 2025, the United Kingdom and India finalised a landmark Free Trade Agreement, marking a significant milestone in bilateral relations. This agreement, the UK's most substantial post-Brexit trade deal...

Significant changes were introduced to the UK's tax rules for non-domiciled individuals from 6 April 2025. The remittance basis for non-UK domiciled individuals has been replaced with a residency-based system.