Publication
Blue Bonds: Making a splash in the Capital Markets
In 2018, the Republic of Seychelles launched the first-ever “blue bond”, with the support of the World Bank Group and the Global Environment Facility.
Work and Pensions Committee issues call for evidence on future of DB schemes
United Kingdom | Publication | March 2023
The House of Commons Work and Pensions Select Committee has launched a call for evidence relating to its inquiry into the future of DB schemes.
This follows the WPC's September 2022 report found that people with access to a DB pension are more likely to be on track for an adequate income in retirement. However, concerns regarding DB governance and regulation were raised.
The WPC is therefore seeking written submissions in response to certain key questions:
- Is the right regulatory framework in place to enable open DB schemes to thrive?
- Is there sufficient capacity in the buyout market to meet demand from DB schemes? If not, what are the alternatives?
- What should the Regulator do to improve the quality of trustee boards?
- What, if any, further steps should be taken to encourage DB scheme consolidation? And are there any circumstances in which consolidation should be mandatory?
- Do the recent improvements in funding levels change the future role of DB schemes in UK pension provision?
- How should scheme surpluses be treated? For example, should they remain in the scheme or be shared between employers and scheme members? Are the issues different for open and closed schemes?
- What are the implications of improved funding levels for the PPF?
- Should changes be made to the PPF, Financial Assistance Scheme or Fraud Compensation Fund to improve outcomes for members?
The call for evidence closes on April 26, 2023.
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Marine Money Week New York 2025
We are delighted to be participating in Marine Money Week New York 2025. As one of the landmark events for the global shipping finance community, and with the global shipping and maritime industry at such a pivotal juncture, we look forward to catching up with clients and contacts to continue discussions around navigating the current challenges and opportunities.
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The parallel imposition requirement in exclusive distribution systems: key takeaways from the CJEU’s ruling in Beevers Kaas
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