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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 | March 2024
Under the Occupational Pension Schemes (Administration, Investment, Charges and Governance) (Amendment) Regulations 2021, which came into force in October 2021, trustees of DC schemes with total assets of less than £100 million must carry out a value for members (VfM) assessment.
According to the DWP's statutory VfM guidance, if, having completed the VfM assessment, the trustees conclude that the scheme does not provide value for members, they should look to wind up the scheme and transfer members' rights into a larger occupational or personal pension scheme, or set out the immediate action they will take to make improvements.
In a recent press release, the Regulator reports that its pilot initiative to help drive consolidation is already having an effect. Some 16 per cent of schemes taking part in the exercise, having concluded that their schemes do not offer good value, have opted to wind up.
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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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On 21 November 2023 and following extensive consultation periods, the amendment to the Climate Delegated Act (Delegated Regulation (EU) 2021/2139 of 4 June 2021) (the Climate Delegated Act) was formally adopted by the European Commission and published in the EU Official Journal (Delegated Regulation (EU) 2023/2485 of 27 June 2023) (the Climate Delegated Act Amendment).
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