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Publication
Trusts Bill 2024: How will the Trusts Bill affect trustees and people who deal with trusts?
The Trusts Bill 2024 (Qld) (Trusts Bill) was tabled in the Queensland Parliament on 21 May 2024.
United Kingdom | Publication | May 2024
The Regulator’s latest blog encouraging innovation in the DB market to offer savers clear benefits and proper protections.
The blog points out that innovation is “fundamental to delivering better outcomes for savers”, but new market propositions should “provide both a clear benefit to savers, and also have the right protections around them”.
The blog goes on to say that the Regulator welcomes the recent higher profile of superfunds and hopes to see an emerging competitive superfund market. However, it urges caution about a possible new offering paying DB pensions to DC members transferring into such a new vehicle, as the regulatory and supervisory frameworks need to be properly developed.
The Regulator plans to develop its regulatory approach to DB alternative arrangements and publish new guidance on these arrangements to help trustees navigate them. It also expects trustees transferring members into a new type of scheme to engage with its market oversight team.
Publication
The Trusts Bill 2024 (Qld) (Trusts Bill) was tabled in the Queensland Parliament on 21 May 2024.
Publication
The English High Court has given its judgment in the legal battle between FW Aviation (FWA) and VietJet Aviation Joint Stock Company (VietJet). This case revolved around the enforcement of leasing agreements for four Airbus aircraft and the alleged interference by VietJet in the aircraft’s repossession in Vietnam.
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