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Generative AI: A global guide to key IP considerations
Artificial intelligence (AI) raises many intellectual property (IP) issues.
United Kingdom | Publication | April 2023
On April 13, 2023, the Regulator published a press release announcing its authorisation of the Royal Mail Collective Pension Plan as the UK's first collective defined contribution (CDC) scheme and has published a list of authorised CDC schemes on its website.
The Pension Schemes Act 2021 introduced an authorisation and supervision regime for CDC schemes and this came into force in August 2022. They must meet stringent criteria including fitness and propriety requirements for those that run the scheme, put in place the right systems and processes, show the scheme is financially sustainable and have robust member communications. The Regulator has supervisory powers and may intervene when necessary.
CDC schemes are an alternative to DB or DC arrangements. Under CDC schemes, employers and employees contribute to a collective fund and the income level of savers in retirement can be adjusted to reflect investment returns and the fund assets available.
Currently, CDC schemes can be set up by a single employer for itself, or for employers in the same group of companies. The Act also contains powers to enable further developments of the CDC market, such as schemes for groups of employers who are not legally connected. Earlier this year, the DWP consulted on extending opportunities for CDC schemes and will respond in due course. The Regulator is working closely with the DWP in this area.
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Artificial intelligence (AI) raises many intellectual property (IP) issues.
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The UK remains a world leader in offshore wind, accounting for roughly 20 percent of global offshore wind capacity, with 11.3 GW operational. It is forecast that installed capacity will rise to 19.5 GW by mid 2020s.
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On 21 May 2024, the European Council (or Council) adopted the so-called ‘Hydrogen and decarbonised gas market package’ (the Gas Package). The package contains a recast of the 715/2009 gas regulation (Gas Regulation) and a recast of the 2009/73 gas directive (Gas Directive) aimed at reforming the existing EU regulatory framework to support the deployment of renewable and low-carbon gases, in particular hydrogen. As such, it represents a major development in the EU gas market.
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