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Publication
Merger law reform in Australia: What next after the Exposure Draft?
As expected, the Australian Commonwealth Treasury released an exposure draft for the proposed new Australian merger regime on 24 July 2024.
United Kingdom | Publication | April 2023
The PPF has published its proposed changes to the assumptions used when valuing a scheme after employer insolvency. The valuations are used in determining whether the scheme enters the PPF or goes on to buy-out with an insurer.
The changes are intended to ensure the PPF’s valuation assumptions better reflect those used by insurers and include: adopting a yield curve approach to determining liabilities in some circumstances; increasing the discount rates for certain tranches of benefit; a new model for mortality projections; and amending the calculation of expenses.
The new assumptions will take effect from May 1, 2023.
Publication
As expected, the Australian Commonwealth Treasury released an exposure draft for the proposed new Australian merger regime on 24 July 2024.
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