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Avoiding legal and regulatory pitfalls in digital transformation projects
This article first appeared in the September 2024 issue of Financier Worldwide.
United Kingdom | Publication | April 2023
The Institute for Fiscal Studies has called for a "major review of pension provision" after its recent report raised concerns that the majority of workers are saving insufficiently into pensions arrangements and this will adversely impact their living standards in retirement. Among other points, the report found that:
In light of its findings, the IFS will conduct a joint comprehensive review with Abrdn Financial Fairness Trust of the UK pension system and policy, with a steering group including Alistair Darling (former Chancellor of the Exchequer), David Gauke (former Secretary of State for Work and Pensions) and Joanne Segars (former Chief Executive of the Pensions and Lifetime Savings Association).
The IFS expects to publish its final recommendations and options for reforms in summer 2025.
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This article first appeared in the September 2024 issue of Financier Worldwide.
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The Digital Markets, Competition and Consumers Act (DMCC Act) received Royal Assent on 24 May 2024 and is generally expected to come into force in autumn this year.
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On 26 July 2024, the People’s Bank of China (PBOC) and the State Administration of Foreign Exchange (SAFE) jointly released revised rules in respect of the investments into China’s financial market through the Qualified Foreign Institutional Investor and Renminbi Qualified Foreign Institutional Investor (collectively, QFII) regime (the New Rules).
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