John Roberts

Jul 9, 2024 | lexology.com | Mark Harris |Lucas Kowalczyk |John Roberts |Adam L. Deming |Isaiah D. Anderson

When an ambiguity exists in a statute for which Congress has not chosen among the reasonable readings, who decides which possible reading should govern? For nearly four decades, courts have followed the rule of Chevron U.S.A., Inc. v. Natural Resources Defense Council, Inc., 467 U.S. 837 (1984), which held that they should defer to the “permissible” interpretation put forward by the federal agency implementing the statute through regulations.

May 28, 2024 | thetimes.co.uk | John Roberts

The Treasury has grabbed back nearly £60 million of youth funding that was supposed to improve the lives of Britain’s most disadvantaged children. Despite rising child poverty, truancy, children in care and mental ill health, Whitehall has picked the pockets of youngsters who have the least but need our support the most. I have watched in disbelief at how youth services have been gutted across the country. Back in 2000 I set up what has become one of Britain’s largest electrical goods retailers.

Apr 8, 2024 | lexology.com | John Roberts

Our previous post covers the FCA's Business Plan for 2024/25 in overview and the work the FCA plans over the next 12 months to help deliver the commitments in its Strategy. Unsurprisingly, the Consumer Duty is a key element of the FCA's aims and expectations. This includes a reminder that from 31 July 2024 firms need to ensure that both open and closed products are delivering the right outcomes for consumers (as we have explored further in a recent post).

Mar 18, 2024 | lexology.com | John Roberts

As covered in our previous update, new requirements relating to the promotion of certain investment types by unauthorised persons to high net worth and sophisticated individual investors have only recently been introduced. The exemptions in question are commonly used by unlisted companies when fundraising and targeting potential individual investors.

Mar 15, 2024 | lexology.com | John Roberts

The FCA's Chief Executive, Nikhil Rathi, has delivered a speech on the future of pensions, addressing the question of ‘pensions adequacy’ as well as key regulatory initiatives such as the Value for Money Framework and the Advice Guidance Boundary Review. Mr Rathi suggests that we should recognise auto-enrolment for the success it has been, with 88% of workers now having a workplace pension (up from 55% in 2012).