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“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
On April 6, 2024, the new DB scheme funding regulations came into force, setting out the revised DB funding framework which includes the requirement for schemes to have a funding and investment strategy.
Trustees must ensure they have a funding and investment strategy within 15 months of the first scheme valuation dated on or after September 22, 2024. We looked at the new version of the regulations in detail in our February 2024 briefing.
Schemes should note that transitional provisions mean that the current statutory funding objective continues to have effect until a scheme is required under the new legislation to have a funding and investment strategy in place, as above.
Meanwhile, the Regulator is consulting on the form of the trustees’ statement of strategy and has requested responses by April 16, 2024. We also await the new DB funding code, which we understand should be available in May or June this year.
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While AI can help resolve data issues in sustainable investing, it can create problems such as information breaches and inherent bias in data.
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In this edition of Regulation Around the World we review recent steps that financial services regulatory authorities have taken as regards investment research.
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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.
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