Publication
Government Investigations in Singapore 2025
We have contributed the Singapore chapter of Getting the Deal Through, Government Investigations 2025.
United Kingdom | Publication | August 2023
PASA’s Data Working Group has published guidance for DB schemes in relation to the correct administration procedures in the calculation of scheme benefits. It recommends using a “benefit specification document” for all types of benefit calculations, so that all stakeholders approve and use the same approach, thus reducing the risk of mistakes.
The document should cover the legal basis of benefit calculations under the scheme rules, as well as agreed “house practice” methods used, which may not be explicitly set out in the rules. Different documents may relate to different scheme sections or benefit bases. While benefit calculations are often automated, manual calculations will sometimes be needed where benefits are more complex.
Once completed, PASA recommends undertaking a regular review of the accuracy of benefits put into payment and a “benefits matrix” could help ensure a sufficient cross-section of the membership to give an accurate picture. An independent review and audit of the calculation process can ensure there is an objective view of the document’s effectiveness and could highlight any areas needing improvement.
Publication
We have contributed the Singapore chapter of Getting the Deal Through, Government Investigations 2025.
Publication
The private credit market and direct lending have grown and diversified immensely in the past decade, offering alternative sources and terms of debt compared to those historically provided by the syndicated leveraged loan and public issuance markets. Consequently, they are fast becoming pivotal components in the capital ecosystem, so much so that the Bank of England consider that the private credit market is currently responsible for approximately $1.8 trillion of debt issuance, which is four times its size in 2015. This growth has been particularly pronounced in Europe and the US but there has also been significant activity in Asia.
Publication
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.
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