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Government Investigations in Singapore 2025
We have contributed the Singapore chapter of Getting the Deal Through, Government Investigations 2025.
United Kingdom | Publication | May 2024
In addition to the 9th progress update report published by the Pensions Dashboards Programme, there have been further publications in relation to the dashboards regime.
As trailed by the PDP in its progress update, new data standards have been produced, and the PDP has published a blog summarising the changes. The standards set out the data requirements for finding and viewing pensions information and how such information must be formatted. Further standards on technical and design issues are to be published once tested by volunteer participants. All pensions dashboard standards are subject to final sign-off from the Secretary of State for Work and Pensions.
The Pensions Administration Standards Association has published an update on its forthcoming dashboards guidance. Imminent publications include:
PASA also intends to provide further guidance on matching data as well as helping schemes with issues related to query handling, and communicating with members. Existing guidance will be updated as required and PASA will continue to work closely with the Pensions Dashboards Programme and regulators.
On May 10, 2024, the National Audit Office published its report on delivery delays by the DWP and Money and Pensions Service on the Pensions Dashboard Programme. Some of the report’s key findings are below.
On the current timetable, all schemes are due to connect to the pensions dashboard by October 2026.
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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.
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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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