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Publication
ASIC approves ABA’s revised Banking Code: What you need to know
The Australian Securities and Investments Commission (ASIC) approved the Australian Banking Association’s (ABA) updated Banking Code of Practice (2025 Code)
United Kingdom | Publication | May 2022
A Bill designed to clarify some known issues in the rules allowing conversion of guaranteed minimum pensions (GMPs) into other pension benefits has become law.
The Pension Schemes (Conversion of Guaranteed Minimum Pensions) Act 2022 received Royal Assent on April 28, 2022. Once in force it will:
Detailed regulations will follow to address key areas, namely:
The Act provisions are not yet in force and we await a commencement date along with the detailed regulations. Given the cross-party support for this Act, we are hopeful that we won’t be waiting long.
Publication
The Australian Securities and Investments Commission (ASIC) approved the Australian Banking Association’s (ABA) updated Banking Code of Practice (2025 Code)
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