Insights

Taking effect from 1 September 2026, the Financial Conduct Authority ("FCA") will introduce new rules aimed at aligning conduct standards across banks and non banks in cases of serious non-financial misconduct ("NFM").

A Vulnerable Beneficiary Trust (VBT) is a unique type of UK trust that is intended to make provision for a beneficiary who cannot manage their own financial affairs due to disability, illness or vulnerability. The objectives of the trust are to provide long-term financial security for the beneficiary and to preserve access to important tax advantages.

The Care Quality Commission (CQC) has published a further update on its new assessment approach, confirming that it will run a structured programme of pilots and testing between June and October 2026, with final evaluation due in November 2026.

The update marks an important next step in the CQC's wider work to restore credible and consistent regulation, support provider improvement, and give the public assurance that people are receiving safe, high-quality care.

Acas has reported record demand for its services, while the Senior President of Tribunals has expanded the role of legal officers in employment tribunals.

The Government has published updated Codes of Practice supporting the Employment Rights Act 2025's trade union reforms. The changes provide greater clarity on union access during recognition campaigns and the practical operation of enhanced rights for union representatives.

The EAT ruled that an Acas Code uplift must be reconsidered if a remedy award is reassessed on appeal and upheld a tribunal's decision to defer grossing up where the tax treatment of a complex award was uncertain.