Publication
Global rules on foreign direct investment (FDI)
Cross-border acquisitions and investments increasingly trigger foreign direct investment (FDI) screening requirements.
United Kingdom | Publication | marzo 2024
On February 20, 2024, the Regulator published its annual report providing an overview of the occupational DB and hybrid pension scheme landscape in the UK.
The report covers scheme status, membership levels and assets under management. The key findings are that the DB and hybrid landscape continues to shrink at a consistent rate and scheme funding levels have improved since 2022. However, updated methodology means that data in this publication cannot be meaningfully compared with previous years.
According to the report, the total number of DB and hybrid schemes has reduced by two per cent from 5,378 in 2022 to 5,297. For schemes within the landscape, the percentage closed to future accrual (excluding those in wind-up) has risen from 70 per cent to 72 per cent. In addition, the number of schemes with 100 per cent or greater technical provisions funding levels increased from 2,565 to 3,620 and the total deficit (of schemes in deficit) reduced from £63.610bn to £27.673bn.
Following the announcement in 2023 of the proposed Mansion House reforms, a consultation is awaited on how schemes might generate and use surpluses investing more in productive assets.
Publication
Cross-border acquisitions and investments increasingly trigger foreign direct investment (FDI) screening requirements.
Publication
Artificial intelligence (AI) raises many intellectual property (IP) issues.
Publication
We are delighted to announce that Al Hounsell, Director of Strategic Innovation & Legal Design based in our Toronto office, has been named 'Innovative Leader of the Year' at the International Legal Technology Association (ILTA) Awards.
Subscribe and stay up to date with the latest legal news, information and events . . .
© Norton Rose Fulbright LLP 2023