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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 | June 2022
In light of the ever-changing pensions landscape, the Pensions Administration Standards Association’s (PASA) DC Working Group has updated its Guidance on DC Governance.
The updated guidance provides practical tips for trustees, employers and administration providers on ensuring ‘compliant’ or ‘good’ processes in six key areas, including a newly added section on the Chair’s Statement.
In particular, the guidance notes that scheme data will need to be dashboard ready and provides a set of questions that it is recommend that trustees and employers ask their administrators to ensure that up-to-date and correct data is held.
The newly added Chair’s Statement section includes an overview of the requirements and the resources which trustees may like to consult to ensure the statement is completed correctly.
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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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