Publication
Pensions Regulator announces changes to the DC scheme return for 2024
The Regulator has issued an online announcement about upcoming changes to its DC scheme return.
It is always a bit of a challenge to write a new and fresh introduction to the International Restructuring Newswire. So, for this issue, I decided to seek help from Copilot, the new AI-powered chat mode of Microsoft. Given the profession of many of our readers, I asked Copilot: “what are the prospects for business financial restructuring professionals given the strong US economy coupled with the geopolitical problems around the world?” I really didn’t know what kind of answer to get from our AI friend—but you can judge for yourself:
While the strong economy provides opportunities, geopolitical complexities demand vigilance. Business financial restructuring professionals must stay informed, anticipate risks, and navigate uncertainty. Their role extends beyond numbers—it’s about safeguarding businesses in a dynamic world. Remember, adaptability and foresight are their compass in uncharted waters. – [citing to a KPMG article]
Not bad, but pretty generic and obvious. We offer something different in this issue: articles providing specific analysis of recent developments in the cross-border restructuring world from our lawyers in the US, UK, Netherlands and Canada. Not to shame my friend at Copilot, but I would think the information in these articles will be of greater value as you face real problems in the nonvirtual restructuring world.
I trust that you will agree . . .
Good reading,
Howard Seife
Global Co-Head of Restructuring
New York
Scott Atkins
Global Co-Head of Restructuring
Sydney
Publication
The Regulator has issued an online announcement about upcoming changes to its DC scheme return.
Publication
On July 30, 2024, the Regulator published its market oversight report on how trustees are complying with their environmental, social and governance (ESG) duties, including in respect of climate change.
Publication
We reported last month that the Court of Appeal had agreed with the High Court’s previous judgment that all rule amendments to contracted-out DB schemes between 1997 and 2013 require written actuarial certification. Three pensions professional bodies have now issued a joint statement on the effect of the ruling.
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