The Pensions Dashboards (Prohibition of Indemnification) Act 2023 received Royal Assent on May 2, 2023. The new Act resolves an oversight in the Pensions Act 2021 and makes it a criminal offence for trustees to reimburse themselves from scheme assets in respect of penalties imposed under the pensions dashboards regulations.

Trustees guilty of such offences may be subject to a fine, imprisonment or both.



Contacts

Lesley Browning
Lesley Browning
Partner
Email
lesley.browning@nortonrosefulbright.com
T: +44 20 7444 2448 / +44 77 1030 3311
Shane O'Reilly
Shane O'Reilly
Partner
Email
shane.o'reilly@nortonrosefulbright.com
T: +44 (20) 74443895

Industry:

Practice area:

Recent publications

digital face

Publication

Prepare for change: How businesses can thrive under the EU AI Act

On February 2, 2024, the Belgian Presidency of the Council of the European Union confirmed that the Committee of Permanent Representatives had signed the Artificial Intelligence (AI) Regulation, referred to as the AI Act. Approval by the EU Parliament followed on 13 March 2024, and the AI Act is likely to appear in the EU’s Official Journal around May 2024. The AI Act aims to establish a stringent legal framework governing the development, marketing, and utilisation of artificial intelligence within the region, thereby marking a significant advancement in the regulation of this burgeoning domain.

Global | July 17, 2024

Artificial intelligence (AI)

Publication

Artificial intelligence and liability: key takeaways from recent EU legislative initiatives

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.

Global | July 10, 2024

Technology
Digital concept of data flow

Publication

Generative AI: A global guide to key IP considerations

Artificial intelligence (AI) raises many intellectual property (IP) issues.

Global | July 09, 2024

Artificial intelligence (AI)
Site search

Subscribe and stay up to date with the latest legal news, information and events . . .

Register now