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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
The lifetime allowance was abolished with effect from April 6, 2024. HMRC has published two newsletters on the topic, and also confirms that further minor technical changes are to be made in additional regulations later this year.
HMRC’s newsletter 157, published on March 28, 2024, sets out HMRC's responses to 39 frequently asked questions on the LTA abolition. They deal particularly with issues relating to retirements around April 6, 2024, and the transitional certificates for those members’ tax-free amounts.
Newsletter 158, published on April 4, 2024, highlights some key issues about the impact of the regulations that became effective from April 6, 2024. Further regulations will make minor changes, backdated to April 6, so schemes should ensure that members are aware that they may need to wait until these are effective before taking or transferring certain benefits, as their tax position could change.
The main instances for delay in proceeding include:
HMRC has begun the process of updating its online tax manual to reflect the LTA abolition and the new allowances. It has also updated its guidance for scheme administrators.
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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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n a long-running dispute, taking in no less than three arbitrations spanning 26 years cumulatively (involving allegations of state interference in the arbitral process), the Court has provided useful guidance on the ss.67 and 68 challenges, particularly in the context of investor-state claims.
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