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How the new Building Canada Act works
On June 26, Bill C-5, the One Canadian Economy Act, received royal assent. The One Canadian Economy Act introduces two pieces of legislation aimed at bolstering economic development in Canada.
Pensions Regulator posts blog on questions for trustees to ask on investment strategies
United Kingdom | Publication | August 2022
In a blog post on August 16, 2022, Fred Berry, the Regulator’s leading investment consultant, urged trustees to remain vigilant about changing strategic and operational risks. He noted that the Regulator cannot be everywhere at once and that it relies on trustees, as a first line of the scheme’s defence, to ask such questions as: How is the level of risk justified? What were the advisers’ views? How quickly could investments be de-risked if necessary? He said that so-called “silly” questions can sometimes lead to interesting discussions, and that both strategy and operations are important.
While the blog does not set out an exhaustive list of risks to consider, it suggests that trustees may also want to bear in mind the implications of rising interest rates for investment strategy, and whether schemes should be reviewing their liability-driven investment (LDI) strategies in the light of recent events.
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Real estate focus: June 2025
In this edition we report on the Law Commission’s interim statement on 1954 Act reform following its two November consultations. We then examine the facts, judgments and implications of 3 recent cases: Emily Colville comments on the progress of a case determining whether or not a roof top garden should be considered a “storey” for the purposes of the Building Safety Act 2022.
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