Publication
UK Pensions Briefing | A shake up of all things DC, starting with retirement options
DC pension saving will see new duties, new standards and greater support for savers. We look at decumulation first.
The growing importance of ESG in mergers and acquisitions
Law360
The concept of environmental, social and governance issues is gaining importance, especially in deals. The buzzword of late, ESG's growing trend is largely due to heightened regulatory focus on disclosure and enforcement by the U.S. Securities and Exchange Commission.
In the growing regulatory framework, acquirers, targets and investors should properly account for ESG in mergers and acquisitions. A company's ESG profile is typically represented by a score that is calculated from data surrounding specific metrics related to intangible assets.
ESG can be considered a corporate social credit score that is gaining more and more attention by investors — individual and institutional.
Morgan Stanley & Co. LLC recently conducted a survey that found over 90% of millennial investors were interested in sustainable investing. As millennials begin to comprise a larger segment of the total pool of investors, we can expect the importance of ESG investing to grow in tandem.
Recent publications
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New co-operation guidance issued by the SFO
The SFO’s new cooperation guidance SFO Corporate Guidance - GOV.UK (published on 24 April) updates the SFO’s original cooperation guidance published in 2019 and comes ahead of the new failure to prevent fraud offence coming into force in September 2025 (see here: Failure to prevent fraud: What should you be doing before September? | Global law firm | Norton Rose Fulbright).
Publication
Supreme Court hands down judgment on definition of “woman” for purposes of the Equality Act 2010
In For Women Scotland Ltd v The Scottish Ministers, the Supreme Court unanimously held that the definitions of “man”, “woman” and “sex” in the Equality Act 2010 refer to a person’s biological sex.
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