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Keeping your dawn raid guidance current
Unannounced inspections or ‘dawn raids’ are used by antitrust authorities to obtain evidence when there are suspicions that individuals or businesses have infringed the antitrust rules.
United Kingdom | Publication | September 2024
The Regulator has explained in a blog published on August 29, 2024, why trustees of DC schemes must “seize this opportunity to shape one of the biggest revolutions in pensions policy since auto enrolment”.
The Regulator has been working with the Financial Conduct Authority on a value for money framework consultation for contract-based schemes, and the DWP has committed to introducing equivalent legislation for trust-based DC schemes in the upcoming Pension Schemes Bill. Trustees are encouraged to engage with the value for money consultation, which closes on October 17, 2024.
The value for money framework will require schemes to:
The Regulator will encourage master trusts and large single-employer schemes to adopt the framework early in order to shape the legislative regime that will follow in the Pension Schemes Bill.
Publication
Unannounced inspections or ‘dawn raids’ are used by antitrust authorities to obtain evidence when there are suspicions that individuals or businesses have infringed the antitrust rules.
Publication
The EU Foreign Subsidies Regulation, or FSR, is intended to prevent or remedy distortions of the EU internal market caused by “foreign” – meaning non-EU – subsidies benefitting companies active in the EU.
Publication
In July 2024, the English High Court handed down a judgment on whether or not the insurers under a charterer’s liability policy were obliged to indemnify third parties, where the insured went insolvent and had not paid the underlying claim to the third parties.
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