Publication
Regulatory investigations and enforcement: Key developments
The past six months have seen a number of key changes in the regulatory investigations and enforcement space.
Pensions (Special Rules for End of Life) Bill introduced into Parliament
United Kingdom | Publication | November 2024
On October 21, 2024, the Pensions (Special Rules for End of Life) Bill received its first reading in the House of Commons.
The text is not yet available, but it is expected that it will amend the definition of terminal illness in relation to compensation payments made under the PPF and the FAS to allow compensation claims for members with less than 12 rather than 6 months to live. This would bring the PPF and FAS into line with the rules governing registered pension schemes.
The second reading is scheduled for January 17, 2025.
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Recent publications
Publication
Pensions Ombudsman rejects claim for scam compensation when trustees had no duty of due diligence
In a recent determination, the Ombudsman rejected a scheme member’s claim that the trustees should have conducted due diligence on the receiving scheme before making a transfer in in 2014, as there was no duty of care on the trustees at the time of transfer.
Publication
Court of Appeal clarifies rules on compensation for "non-material" damage in data protection breaches
The Court of Appeal has confirmed that proof of disclosure to third parties is not required for data protection law breaches and that individuals’ rights are breached by unlawful “processing” alone.
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