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Health Canada identifies lithium-ion batteries, infant bath seats, and water beads as hazards of concern
Health Canada has recently identified three new classes of products that pose a hazard of concern.
United Kingdom | Publication | September 2023
On August 24, 2023, the Regulator updated the following guidance:
The guidance has been updated to help DC pension schemes comply with new regulations designed to ensure they consider all the investment opportunities available to achieve best value for savers.
On the first occasion when the SIP is updated after October 1, 2023, trustees will have to state their policy on investing in illiquid assets in the default SIP. They will also be required to disclose the asset class breakdown for each of their scheme’s default arrangements in the Chair’s statement for the first scheme year ending after October 1, 2023.
Trustees have also been able to exclude certain performance-based fees from the default fund charge cap since April 6, 2023, where they consider this is in members’ interests. Exempted fees are to be disclosed the in Chair’s statement.
The Regulator intends to monitor closely the impact of these changes and trustees’ approach to delivering the best outcome for pension savers.
These changes are an interim update while the Regulator waits for Parliamentary time to scrutinise the new General Code (hopefully this Autumn) which will replace 10 existing Codes of Practice, including the DC Code.
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Health Canada has recently identified three new classes of products that pose a hazard of concern.
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An employer’s ability to ask for a sick note when an employee is absent from work due to illness is becoming increasingly curtailed across Canada.
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Over the past two years, Spain has significantly strengthened its foreign investment screening mechanism, and all acquisitions by foreign investors (as defined below) of a Spanish entity active in a strategic sector are subject to prior authorisation by the Ministry of Industry, Commerce and Tourism (“MoICT”).
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