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Global rules on foreign direct investment (FDI)
Cross-border acquisitions and investments increasingly trigger foreign direct investment (FDI) screening requirements.
United Kingdom | Publication | juillet 2024
At the state opening of Parliament on July 17, 2024, the King’s Speech set out the new Government’s intention to introduce a Bill legislating on several areas of pension policy.
Although the Bill is yet to be published, background briefing notes set out the areas below that are due to be covered by the new legislation. The progress of many of these proposals was halted due to the dissolution of Parliament for the General Election.
Comment
The pensions proposals in the new Bill, which should appear in the next 12 months, were broadly welcomed. The baton has been picked up from the previous administration on many of these measures which were initiated by the previous government under its Mansion House agenda. Overall, the new Government says its intentions are to introduce measures to develop a private pensions market that "encourages consolidation and focuses on value and outcomes for members".
While the background notes to the new Bill make reference to the “huge success” of the auto-enrolment regime, they do not specifically cover its extension self-employed, nor mention any increase in the levels of contributions by all savers. Hopefully, these additional measures will be pursued early in this Parliament.
Publication
Cross-border acquisitions and investments increasingly trigger foreign direct investment (FDI) screening requirements.
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