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June 2024 brings many changes to federal employment laws
June 2024 has seen many changes to employment laws for federally regulated workplaces. Some are effective immediately, and some will come into effect on a future date.
United Kingdom | Publication | July 2023
The Regulator has confirmed that too many DC schemes, especially smaller ones, are failing to meet expectations on assessing value. In the report of the results of its survey of trust-based DC schemes published on July 4, 2023, only 24 per cent of DC schemes met the Regulator's key governance requirement to assess the extent to which member-borne charges and transaction costs provide good value. Larger schemes were found to be more likely to assess value against costs and charges than smaller ones, with only 11 per cent of members in schemes that failed to meet the Regulator's expectations.
The annual survey of trust-based occupational DC pension schemes was carried out between October 25 and December 21, 2022. A total of 342 interviews were completed, including 23 with representatives of master trusts. In addition, on January 30, 2023, the Regulator launched an open consultation jointly with the DWP and the Financial Conduct Authority on a holistic framework for the assessment of value for money.
The Regulator is also undertaking a survey to ensure savers are getting value from their pension savings, separately from the joint consultation.
Publication
June 2024 has seen many changes to employment laws for federally regulated workplaces. Some are effective immediately, and some will come into effect on a future date.
Publication
Since 2022, the Government of Canada has introduced three waves of amendments to the Competition Act (Act), making substantive changes to Canada’s competition laws, with the most recent amendments receiving royal assent on June 20, 2024.
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