Financial Services in Focus: Carried interest: Key employment considerations

Carried interest is a common financial incentive for individual investment fund managers (Fund Managers). The Fund management team will generally be employees of an entity separate from the Fund (for example, the Fund’s investment advisory or management entity) and will receive an annual salary for providing investment advisory services to the Fund. In addition to […]

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Labour and Conservative manifesto pledges on employment law: What do they mean for employers?

The Labour party launched its 2024 General Election manifesto on 13 June; coming 2 days after launch of the Conservative manifesto, we are now able to assess how the main parties’ respective pledges on workplace rights could affect the employment law landscape. Labour manifesto As heavily trailed, there are not many surprises in Labour’s manifesto.

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Hospitality and Leisure Focus: Franchising: Three common issues

Continuing with our series of articles focussed on issues for employers in the Hospitality and Leisure sector, we are today considering three issues related to franchising. The term ‘franchising’ can be used to describe many different forms of business relationship, including licensing, distributor agreements and agency arrangements. According to the British Finance Association: “in its

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An Introduction to ESG for HR Professionals: Article 1 – Introduction

ESG is a term used to describe a collection of considerations and issues that fall within 3 main themes: ‘Environment, Social and Governance’. It was originally coined as a set of metrics to quantifiably assess ethical investment practices but has since expanded in scope to form a useful basis from which to frame the narrative

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An Introduction to ESG for HR Professionals: Article 2 – Environment

In our previous article we introduced our latest Be Aware series ‘An Introduction to ESG for HR Professionals’. As we dive deeper into the key considerations of each ‘letter’ in the acronym, the first of these ESG pillars we are considering is E for ‘Environment’. It goes without saying that the climate emergency is vast,

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An Introduction to ESG for HR Professionals: Article 3 – Social

The second of the ESG pillars we are considering as part of our series ‘An Introduction to ESG for HR Professionals’ is S for Social. The ‘S’ Pillar relates to the considerations that a company must be aware of when navigating its social environment– this includes its interactions with employees, local communities and the wider

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An Introduction to ESG for HR Professionals: Article 4 – Governance

In recent times, environmental and social considerations have understandably risen to the top of our cultural agenda. The corporate world, driven by an increasing need to satisfy a wider stakeholder base, has followed the trend and as a result, the third pillar of ESG – ‘Governance’ – often finds itself an afterthought in the wider

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Hospitality and Leisure Focus: Distribution of tips and gratuities

As we move into the new legislative and tax year, there are a raft of recent and impending changes which will have significant impact on employers in the Hospitality and Leisure sector. The Employment Group at DLA Piper works with a huge range of employers in this sector, advising on all aspects of the employment

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Financial Services in Focus: FCA and PRA AI Update: Senior Managers’ accountability for the use of AI

Following the publication of the Government’s pro-innovation strategy earlier this year, the Financial Conduct Authority’s (FCA) AI Update last week sets out how its existing regulatory framework maps to the Government’s five principles on Artificial Intelligence (AI) regulation (AI Principles). The Bank of England and the Prudential Regulation Authority (PRA) have also written to the

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April 2024: A summary of employment law changes coming into effect this month

Various changes to employment laws come into effect during April 2024,  largely impacting on family-friendly rights but also on statutory pay rates and holiday pay rules. For information on the changes to holiday pay, in effect from 1 April,  read our separate blog post. The new statutory pay rates,  which apply from 6 April,  can

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The latest changes to holiday pay in the UK and what they mean for employers

In January 2024, the UK government introduced new regulations, The Employment Rights (Amendment, Revocation and Transitional Provision) Regulations 2023 (Regulations). Changes in effect from 1 January 2024 are Changes to the definition of a week’s pay for holiday pay calculations. Changes to carry over of holiday rules. Changes which take effect for holiday years commencing

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UK immigration update: Increase to the minimum salary threshold for Skilled Worker and Global Mobility routes, and other changes to the immigration rules

At a glance On 14 March 2024, the UK Home Office published its changes to the immigration rules. These include an increase to the general and specific thresholds to the Skilled Worker and Global Business Mobility routes. The changes remove the current Shortage Occupation List (SOL) with a shortened Immigration Salary List (ISL). Inclusion on

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UK immigration update: MAC review of the Immigration Salary List

At a glance In a previous post, we discussed the Government’s proposals to overhaul the salary thresholds for the Skilled Worker route. The proposals mean that the current Shortage Occupation List (SOL) would be drastically cut down and the 20% reduction on salary would be removed. The revised list would be known as the Immigration

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Enforcement against the use of biometrics in the workplace

At a glance The ICO has issued an enforcement notice which provides valuable insights into its approach to the use of biometrics in the workplace, and the lawfulness of employee monitoring activities more broadly. On 23 February 2024, the Information Commissioner’s Office (ICO) ordered Serco Leisure Operating Limited (Serco), an operator of leisure facilities, to

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UK immigration update: Illegal working civil penalties are increasing – Is your business compliant?  

At a glance Civil penalties for breaches of illegal working regulations will be tripling on 13 February 2024 to GBP45,000 for a first offence and GBP60,000 for each illegal worker for repeat or significant breaches. From 6 April 2024, all sponsors with a licence expiration date falling on or after 6 April 2024 will no

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