Publication
“AI and sustainability - cure or curse?”
While AI can help resolve data issues in sustainable investing, it can create problems such as information breaches and inherent bias in data.
United Kingdom | Publication | April 2024
All occupational schemes, along with personal pension providers, must connect to pensions dashboards by October 31, 2026, at the latest. The DWP has now published guidance setting out a staged timetable, starting with the largest schemes. This phased connection aims to smooth the process of connecting the approximately 3,000 pension schemes and providers in scope by the 2026 connection deadline.
The revised connection timetable runs from April 30, 2025, to October 31, 2026. Key connection dates:
The timetable is not mandatory, but the DWP is encouraging trustees and pension scheme providers to follow the dates in its guidance unless there are exceptional circumstances preventing them from doing so. The guidance includes a checklist for schemes to use in their countdown to connection.
The Pensions Dashboards Programme published a blog on April 9, 2024, which includes links to the DWP guidance, the FCA rules covering stakeholder and personal pensions and the relevant regulations.
In addition, the DWP has published some Financial Reporting Council guidance to assist with turning the value of accrued DC pots into equivalent annual incomes on dashboards. This should help DC savers in understanding how their DC pot will translate into actual income on retirement.Publication
While AI can help resolve data issues in sustainable investing, it can create problems such as information breaches and inherent bias in data.
Publication
In this edition of Regulation Around the World we review recent steps that financial services regulatory authorities have taken as regards investment research.
Publication
We have had a new pension tax regime since April 6, 2024. The underlying legislation is convoluted and almost impossible for a lay person to follow, so you would be forgiven for thinking there was a lot to study. At the very granular level that is true, and your scheme administrators will have a lot of detailed changes to make to systems. However if you zoom out a bit, in many ways life hasn’t changed. We’ve done the poring over densely amended tax legislation for you. Here are the highlights: five things to know and three things to do.
Subscribe and stay up to date with the latest legal news, information and events . . .
© Norton Rose Fulbright LLP 2023