Publication
Government Investigations in Singapore 2025
We have contributed the Singapore chapter of Getting the Deal Through, Government Investigations 2025.
United Kingdom | Publication | December 2021
The Financial Conduct Authority (FCA) has published final rules for a "stronger nudge" towards Pension Wise guidance. These will come into force from June 1, 2022 and will mean that providers of contract-based DC schemes (personal and stakeholder pensions) must ensure that members have taken or opted out of Pension Wise guidance before they flexibly access or transfer their DC benefits.
The DWP is due to finalise its own “stronger nudge” rules for occupational pension schemes which are expected to come into force from April next year. Although it has worked closely with the FCA on this, confusingly for members there are small differences between the two stronger nudge regimes. In particular, a member of an occupational pension scheme who has already taken advice will not need to seek Pension Wise guidance before transferring whereas they will need to do this before accessing any personal pensions they may have.
Trustees and personal pension providers may find they receive enquiries from members with both types of pension as a result of these discrepancies.
Publication
We have contributed the Singapore chapter of Getting the Deal Through, Government Investigations 2025.
Publication
The private credit market and direct lending have grown and diversified immensely in the past decade, offering alternative sources and terms of debt compared to those historically provided by the syndicated leveraged loan and public issuance markets. Consequently, they are fast becoming pivotal components in the capital ecosystem, so much so that the Bank of England consider that the private credit market is currently responsible for approximately $1.8 trillion of debt issuance, which is four times its size in 2015. This growth has been particularly pronounced in Europe and the US but there has also been significant activity in Asia.
Publication
The EU’s Artificial Intelligence Regulation, commonly referred to as the AI Act, is expected to come into force during the summer of 2024 (the AI Act). The AI Act will be the first comprehensive legal framework for the use and development of artificial intelligence (AI), and is intended to ensure that AI systems developed and used in the EU are safe, transparent, traceable, non-discriminatory and environmentally friendly.
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