A guide to future employment and immigration law.
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November 2020 to March 2022
December 2021
1 January 2022
Under the new Investment Firms Prudential Regime (IFPR) firms will be required to introduce rules relating to pay for employees who are "material risk takers", including the ability to apply malus or clawback to bonuses in certain circumstances.
April 2022
11 April 2022
The weekly rate of statutory sick pay is set to increase to £99.35 (from the current £96.35).
11 April 2022
The weekly rate of statutory maternity, paternity, adoption and shared parental pay is set to increase to £156.66 (from the current £151.97).
April 2022
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The Government is consulting on proposed changes to non-compete covenants. There are two options under consideration: (i) requiring that the employer pays part of the employee's salary during a non-compete period or (ii) banning non-compete covenants altogether. The consultation closed on 26 February 2021 and the Government's response is awaited.
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The Government is to introduce a new entitlement to up to 12 weeks' neonatal leave and pay for parents of premature babies. No date has yet been given for when this will come into effect.
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The Government has consulted on audit and corporate governance reforms for listed companies and larger private companies which include new directors' duties relating to risk management, and proposals to claw-back directors bonuses if the company collapses or there are serious director failings within two years of the bonus payment. The consultation closed in July 2021.
No date
The Government has announced that it will create a single enforcement body for employment rights which will enforce national minimum wage, labour exploitation and modern slavery, holiday pay for vulnerable workers and statutory sick pay. The timing for this change has not been specified.
January 2021 onwards
Late 2021 onwards
Late 2021 onwards
1 January 2022 onwards
Spring 2022 onwards
Ongoing – phased programme to 2025