Publication
Generative AI: A global guide to key IP considerations
Artificial intelligence (AI) raises many intellectual property (IP) issues.
United Kingdom | Publication | April 2024
The Pension Protection Fund is proposing that smaller schemes – those with liabilities of less than about £50 million – may be permitted to use bespoke discount rates in section 143, 152 and 158 valuations. The proposed change would apply to valuations with effective dates on or after May 31, 2024, and the consultation closes on May 6, 2024.
Under the proposals, a bespoke discount rate would need to be agreed with the PPF. The PPF believes that this approach will provide additional flexibility and the ability for section 143 valuations to "reflect the reality of buy-out quotations, while minimising disruption and additional burden on actuaries and the schemes they advise".
The PPF considers that its existing standard discount rate assumptions remain appropriate for larger schemes. Additionally, the bespoke approach will not be adopted in relation to section 179 valuations since assumptions that varied by scheme size would complicate levy calculations.
Publication
Artificial intelligence (AI) raises many intellectual property (IP) issues.
Publication
On 21 November 2023 and following extensive consultation periods, the amendment to the Climate Delegated Act (Delegated Regulation (EU) 2021/2139 of 4 June 2021) (the Climate Delegated Act) was formally adopted by the European Commission and published in the EU Official Journal (Delegated Regulation (EU) 2023/2485 of 27 June 2023) (the Climate Delegated Act Amendment).
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