Publikation
Global rules on foreign direct investment (FDI)
Cross-border acquisitions and investments increasingly trigger foreign direct investment (FDI) screening requirements.
Second reading for Pensions Dashboards (Prohibition of Indemnification) Bill
Vereinigtes Königreich | Publikation | Juli 2022
A Private Member’s Bill, supported by the DWP, had its second reading in the House of Commons on July 15, 2022.
The Pensions Dashboards (Prohibition of Indemnification) Bill seeks to correct an oversight in the Pension Schemes Act 2021. Under the current legislation, if the Regulator takes enforcement action for non-compliance, including imposing a financial penalty, there is nothing specifically to prevent trustees from reimbursing themselves from scheme funds and the new Bill proposes to remove this ability.
We will update our April 2022 briefing on dashboard readiness for trustees to reflect the changes above.
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