The Chancellor’s Spring Budget coincided with a challenging set of global circumstances. The collapse of Silicon Valley Bank just days prior emphasised the need for economic confidence, investment and growth here in the United Kingdom. Coined as the ’back-to-work’ Budget, the Chancellor’s focus was on incentivising the skilled workforce to remain in work longer. Among… Read More UK Spring Budget: key updates for STEP’s members
The government is reforming the law on making lasting powers of attorney (LPAs) in England and Wales. The main purpose of the legislation is to reform the overall process of making and registering a lasting power of attorney to make it safer, easier and more sustainable.… Read More The Powers of Attorney Bill – Reforming LPAs in England & Wales
There has been a great deal of speculation in relation to potential tax measures that could be announced at the Autumn Statement on 17 November. It has been reported that that the Treasury has been working on a range of options for cutting or abolishing some tax reliefs for the Chancellor, Jeremy Hunt, to consider.… Read More The UK Autumn Statement – will inheritance tax proposals re-surface?
The European Commission has recently adopted and published its latest Supranational Risk Assessment (SNRA) Report.… Read More European Commission launches its Supranational Risk Assessment Report for 2022
The UK government has rejected a call from a cross-party Commons Select Committee to reform law for cohabiting couples. The Women and Equalities Committee called for reform to family law in England and Wales to better protect cohabiting couples and their children from financial hardship due to separation. The Committee holds the government to account… Read More STEP disappointed by government inaction on reforming legal protections for cohabiting couples
Today is World Mental Health Day. This year’s theme is ‘making mental health and wellbeing for all a global priority’. This provides a welcome opportunity for STEP to reflect on how mental health impacts on the work of our 21,000 members in 96 countries.… Read More What is the advisor’s role in relation to mental health and capacity?
Anti-Money Laundering Europe (AME) hosted a webinar on 29 September that was moderated by the chairman of STEP Europe, Paolo Panico TEP.… Read More Anti-Money Laundering Europe (AME) roundtable on the EU’s AML/CFT legislative package
HMRC has introduced new processes for trustees and their agents to register trusts on the Trust Register Service (TRS) in the UK which will be implemented on 1 September 2022. Deadlines for registering a trust The deadline for registering most trusts on the TRS is 1 September 2022. More information on the trusts that need to… Read More HMRC introduces new Trust Register Service processes
The Law Commission of England and Wales published a consultation paper on 28 July seeking views from legal and technology experts in order to examine how existing personal property law should apply to digital assets. The UK government has asked the Law Commission to make recommendations for reform to ensure that the law is capable… Read More England and Wales Law Commission consults on reforming the law relating to digital assets
The UK-based Mental Health Foundation organises Mental Health Awareness Week, which this year has the theme of loneliness. STEP is acutely aware of the impact of loneliness on not just people’s emotional well-being but also their financial security. We covered the issue of predatory marriage in a recent issue of the STEP Journal. Older people… Read More Older people need connection, not just physical safety
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