LNB News 01/04/2025
Document Information
Issue Date: 01 April 2025
Published Date: 01 April 2025
Jurisdiction(s): England, Northern Ireland, Scotland and Wales
The Pension Scams Action Group (PSAG), supported by The Pensions Regulator (TPR), hosted a fighting pension fraud webinar on 25 March 2025 detailing developments in pension fraud prevention. The session featured City of London Police announcing their new service to replace Action Fraud, alongside the PSAG's strategic overview and fraud prevention updates. The webinar included guidance on TPR's pledge system and new fraud reporting mechanisms, with a 30-minute question and answer session addressing common industry concerns about scam reporting procedures.
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Priority between loss reliefs in loss making companiesWhy does it matter?A company that is a member of a group and has incurred any of the types of losses available for surrender by way of group relief may, without any further rules, have more than one way in which to use the loss. There are a
If a beneficiary signs a deed of disclaimer of their share of an estate and the estate pays their legal fees, will that count as a PET against their estate?A disclaimer is the refusal of a gift prior to acceptance. The refusal of the gift must take place before the beneficiary accepts any benefit
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Can shares in a limited company that have not been paid-up at all be cancelled?A limited company having a share capital may not alter that share capital, except in the ways listed in section 617 of the Companies Act 2006 (CA 2006). Shares in a company cannot simply be cancelled without following an
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