Publication
Greece
The applicable legislation establishing a national screening mechanism for foreign direct investments (FDI) and implementing Regulation (EU) 2019/452 in Greece is Law 5202/2025, which was adopted on 22 May 2025 (Greek FDI Law).
United Kingdom | Publication | June 2025
New guidance on identity management and assurance, which addresses growing risks and challenges across the pension lifecycle, was published by the Pensions Administration and Standards Association on May 22, 2025.
The guidance sets out best practices for scheme administrators to mitigate identity-related fraud, bolster member protection and future-proof processes in an increasingly digital landscape.
PASA sees strong identity management not simply as good practice but as essential protection for pension savers. The guidance aims to raise awareness of schemes’ identity-related vulnerabilities and offers practical, actionable steps administrators can take to safeguard their members and strengthen scheme defences.
The guidance, with which compliance is voluntary, outlines key identity interactions across the pension lifecycle which pose elevated risks, and gives practical examples on how to mitigate those risks.
Four key interaction points between the member and the scheme are highlighted as being particularly important in relation to “protecting identities during high-risk events”: member data changes; transferring pension scheme benefits; when the member retires; and lastly, when the member dies.
Comment
With pension fraud an ever-present danger, this is welcome support for trustees and administrators in the front line of defence against pension scams.
Publication
The applicable legislation establishing a national screening mechanism for foreign direct investments (FDI) and implementing Regulation (EU) 2019/452 in Greece is Law 5202/2025, which was adopted on 22 May 2025 (Greek FDI Law).
Publication
The UK Government’s Department for Transport (the DfT) has published its Maritime Decarbonisation Strategy, setting out its plan for decarbonising maritime and new decarbonisation goals for the UK domestic maritime sector.
Publication
On 29 May 2025, in Finlayson v Caterpillar Financial Services Corp [2025] UKPC 24 (The Bahamas), the Judicial Committee of the Privy Council of the United Kingdom (the Privy Council) heard the appeal of Mr Garet O Finlayson and Mr Mark Finlayson (the Appellants) following the Supreme Court of the Bahamas and the Court of Appeal of the Bahamas finding in favour of the respondent, Caterpillar Financial Services Corporation (the Respondent).
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