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Global rules on foreign direct investment (FDI)
Cross-border acquisitions and investments increasingly trigger foreign direct investment (FDI) screening requirements.
United Kingdom | Publication | August 2023
The DWP has updated its guidance for trustees of relevant occupational pension schemes and their advisers regarding deferred connection to pensions dashboards. The guidance and forms have been updated to reflect changes made by the Pensions Dashboards (Amendment) Regulations 2023, including introducing a single connection deadline of October 31, 2026. The Regulations came into force on August 9, 2023.
The updated guidance explains that a scheme may apply to the DWP to defer its connection deadline for up to 12 months if, before August 9, 2023, they had in good faith embarked on a programme to transfer their scheme's data to a new administrator or had entered into a contract containing an obligation to re-tender their scheme administration in accordance with a reasonable timetable that conflicts with the connection deadline. Changes to the guidance include:
The DWP will contact those who applied to defer their previous staging deadline before August 9, 2023, in order to clarify the status of their application.
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Cross-border acquisitions and investments increasingly trigger foreign direct investment (FDI) screening requirements.
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Artificial intelligence (AI) raises many intellectual property (IP) issues.
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