
Publication
Not so exempt: A cautionary tale for authorised representatives
Navigating the Australian Financial Services Licence (AFSL) regime is not an easy task and can be costly and time consuming.
United Kingdom | Publication | March 2024
On March 4, 2024, ahead of the Budget, Chancellor Jeremy Hunt announced pension fund reforms as another step in the Government’s plan to boost British business and increase returns for savers. The reforms include:
The Regulator and the FCA will have a full range of intervention powers.
The plans, which do not affect DB schemes, build on the “Mansion House Reforms” that encouraged pension funds to invest at least 5 per cent of their assets in unlisted equity. However, it is unclear how the “Britishness” of assets would be defined for these purposes.
Publication
Navigating the Australian Financial Services Licence (AFSL) regime is not an easy task and can be costly and time consuming.
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