
Publication
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.
United Kingdom | Publication | December 2023
On November 24, 2023, the Regulator published a blog Change is coming – we must grasp this opportunity in savers’ interests in which Nausicaa Delfas wrote that pensions are at a moment of significant change, and that the industry is on a journey towards fewer, larger, well-run pension schemes. She believes that this will help to deliver better outcomes for savers.
In a second blog Developments in the defined benefit alternative arrangements market, published on November 27, 2023, the Regulator urged DB scheme trustees considering a “capital backed journey plan” to engage with it sooner rather than later, following “significant activity” in this area. In the blog, Mike Birch, the Regulator’s Director of Supervision, says that such customised plans may be a good option for some schemes and the Regulator is keen to engage with the market on these arrangements.
The blog states that some elements of the Regulator’s DB superfund guidance will be relevant and further guidance will be published in the new year “to help trustees (and employers) navigate alternative arrangements and highlight factors that may be relevant to trustees’ consideration of these offerings”.
Publication
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.
Publication
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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