United Kingdom | Publication | November 2024
On November 15, 2024, the Information Commissioner’s Office, the Financial Conduct Authority and the Pensions Regulator published a joint statement on data protection and effective communications to consumers.
This follows feedback from retail investment firms and pension providers that they would benefit from further regulatory clarity about how the Regulator’s Code of Practice and guidance on communications requirements and the Authority’s Consumer Duty interact with direct marketing rules under data protection law and regulations.
The statement is designed to provide greater clarity for firms and pension scheme trustees or managers to support their customers’ decision-making through their communications.
For more detail, see our online article here.
Publication
The Court of Appeal has overturned a 2023 High Court decision in Manolete v White [2024], ruling that courts cannot issue injunctions requiring members to draw down their occupational pensions to make them available to judgment creditors.
Publication
The Chancellor presented her maiden Budget on October 30, 2024.
Publication
On October 29, 2024, the PPF published a response to its March 2024 consultation, confirming that it would proceed with its proposal to give actuaries the option of using a bespoke discount rate assumption in s. 143 valuations of smaller pension schemes.
Subscribe and stay up to date with the latest legal news, information and events . . .
© Norton Rose Fulbright LLP 2023