![Global rules on foreign direct investment](https://www.nortonrosefulbright.com/-/media/images/nrf/nrfweb/knowledge/publications/us_24355_legal-update--fdi-alert.jpeg?w=265&revision=a5124a65-abf9-40e4-8e96-9df39ffdb212&revision=5250068427347387904&hash=96B456347C3246E5649838DF281C5F5D)
Publication
Global rules on foreign direct investment (FDI)
Cross-border acquisitions and investments increasingly trigger foreign direct investment (FDI) screening requirements.
United Kingdom | Publication | October 2023
On October 5, 2023, HMRC published guidance for private sector pension schemes affected by the McCloud judgment.
What is known as the “McCloud remedy” was implemented on October 1, 2023, and is intended to remove the effect of past age discrimination in public sector schemes. It has been recognised that there may be knock-on effects for private sector scheme members as well.
There are possible tax implications where increased usage of LTA in a public sector scheme could retrospectively create an LTA charge where the individual has withdrawn benefits from a private scheme. Schemes may therefore need to re-process benefit crystallisation events where a member has been paid an LTA excess lump sum and all or part of that lump sum is no longer considered “excess” following changes effected earlier this year. The guidance explains how to adjust the LTA charge in the relevant cases.
Publication
Cross-border acquisitions and investments increasingly trigger foreign direct investment (FDI) screening requirements.
Publication
Artificial intelligence (AI) raises many intellectual property (IP) issues.
Publication
Taking place across three webinars, our team of experienced lawyers and consultants, along with industry professionals and regulators, explore the latest ESG developments and trends within financial services regulation. This series takes a cross jurisdictional perspective, covering ESG financial services regulation and trends from across the globe.
Subscribe and stay up to date with the latest legal news, information and events . . .
© Norton Rose Fulbright LLP 2023