![Firm named a "Top Workplace" in US for third consecutive year](https://www.nortonrosefulbright.com/-/media/images/nrf/home/us/dc-1920-x-1080.jpg?w=265&revision=a24af1a7-2cfd-4b31-a159-6ff4190651fe&revision=5250156831147387904&hash=EC2AD9D327A1DEACA81A1B8406E7CDE6)
Publication
PAGA reform finally on the horizon
California Governor Gavin Newsom announced that legislative leadership, in partnership with business and labor groups, reached an agreement on long-needed reforms to the Private Attorneys General Act.
United Kingdom | Publication | December 2023
The PPF has published the 18th edition of The Purple Book, which provides data and analysis of the UK DB pension landscape. According to the report, the net funding position on a section 179 basis improved to a surplus of £358.9bn in the year to March 31, 2023, with more than 80 per cent of schemes in surplus. The findings also revealed that the aggregate funding ratio increased from 113.1 per cent in 2022 to 134 per cent in the same period.
The total number of DB schemes fell slightly from 5,131 to 5,063 as a result of winding-up, mergers or falling into the PPF. However, there remains a “long tail” of small DB schemes in the market.
As regards asset allocation, the PPF notes that the largest shift was the increase in allocations to unquoted/private equity which increased from 21.5 per cent to 29.5 per cent. Investments in UK-quoted equity continued to decrease, falling from 9.9 per cent to 7.6 per cent, while overseas-quoted equities fell from 68.6 per cent to 62.8 per cent.
Publication
California Governor Gavin Newsom announced that legislative leadership, in partnership with business and labor groups, reached an agreement on long-needed reforms to the Private Attorneys General Act.
Publication
Our healthcare lawyers comment on healthcare providers and MCOs that are beginning to experience the financial impacts of the end of continuous Medicaid enrollment and the reductions associated with the enhanced FMAP.
Subscribe and stay up to date with the latest legal news, information and events . . .
© Norton Rose Fulbright LLP 2023