- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Ruth Prickett2024-08-08T20:34:00
The U.K. government has signaled new rules for pension trustees and funds consolidation to boost investment, but questions remain on employee financial literacy.
Chancellor of the Exchequer, Rachel Reeves, is planning imminent changes to trustee duties as part of the Pensions Schemes Bill, which forms part of the government’s “big bang of reforms to unlock growth,” she recently announced.
The changes include new duties for trustees of occupational defined contribution (DC) schemes, as well as provisions to make it easier for employees with multiple pension pots to consolidate them, and the introduction of compulsory “value for money” tests for providers. These could come into force early next year.
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2024-07-17T17:53:00Z By Ruth Prickett
The U.K. Financial Conduct Authority is revamping the London Stock Exchange rules, but more changes may be needed to achieve growth and attract initial public offers, experts said.
2024-01-22T13:00:00Z By Ruth Prickett
Lawyers and accountants in the United Kingdom have welcomed the publication of The Pensions Regulator’s new pensions code of practice but warned it might not improve the management of those that are not already well run.
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Considered “feeble” no more, the United Kingdom’s Pensions Regulator is ramping up enforcement actions against individuals or organizations not in compliance with the law.
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The Securities and Exchange Commission has charged cryptocurrency company Unicoin, three top executives, and its general counsel with defrauding investors of $110 million by selling them bogus “rights certificates” in a future cryptocurrency coin.
2025-05-21T14:11:00Z By Aaron Nicodemus
Securities and Exchange Commission Chair Paul Atkins indicated he favors changing the agency’s requirement that only the wealthy can invest in so-called “closed-end” private equity funds and hedge funds.
2025-05-19T14:33:00Z By Adrianne Appel
The Department of Justice (DOJ) has shuttered a special Federal Bureau of Investigation (FBI) unit that focused on public corruption and whose legwork led to the special counsel investigation of President Donald Trump for trying to overturn the 2020 election results.
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