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Health Canada identifies lithium-ion batteries, infant bath seats, and water beads as hazards of concern
Health Canada has recently identified three new classes of products that pose a hazard of concern.
United Kingdom | Publication | May 2022
The Pensions Regulator has confirmed that it will develop common measurements to allow savers to see which DC schemes offer the best value for money.
Working jointly with the Financial Conduct Authority (FCA), the two regulators will engage with industry and consumer groups in the coming months before publishing a consultation on proposals “towards the end of 2022”.
This statement follows on from a Pensions Regulator and FCA discussion paper in 2021 about how best to measure value for money.
The regulators believe that it is currently hard to compare fees and charges, investment performance and quality of service. They want to achieve consistent data across the pensions industry on investment performance, costs and charges and service standards. The idea is that this greater transparency should improve competition and value.
The Pensions Regulator says that there is clear support across the industry for a consistent approach. However, achieving this will be complex, there are differences of opinion about the best approach and further work is needed on what should be disclosed and how.
For most DC schemes this is likely to mean further disclosure requirements in due course. Trustees should monitor how this initiative develops.
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Health Canada has recently identified three new classes of products that pose a hazard of concern.
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An employer’s ability to ask for a sick note when an employee is absent from work due to illness is becoming increasingly curtailed across Canada.
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Over the past two years, Spain has significantly strengthened its foreign investment screening mechanism, and all acquisitions by foreign investors (as defined below) of a Spanish entity active in a strategic sector are subject to prior authorisation by the Ministry of Industry, Commerce and Tourism (“MoICT”).
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