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Delivering legacy life insurance and pension product simplification

The advent of auto-enrolment, ‘Freedom & Choice’ and the regulatory focus on customer outcomes are new challenges facing pension firms.

Year-End Deadline for Regulated Entities' Whistleblowing Procedures

Of primary note, the 2022 Act requires that all entities initially in scope must have and maintain internal reporting channels and investigation procedures that comply with its requirements from 1 January 2023.

Achieving legacy pension product simplification through unilateral contract variation

Moving legacy pension schemes to an updated, modern administration platform should generally be in the interests of all affected customers

Legislation to regulate unfair contract terms in the Bailiwick

It remains to be seen whether legislation regulating this area more widely will follow, perhaps modelled on the LCF Law.

Infrastructure companies’ corporate governance can be improved with TCFD compliance

Good corporate governance practices are essential for businesses seeking to respond to the challenges posed by climate change and the transition to a net zero economy.

How can UK or US courts protect your business from a ransomware or cyber-attack?

Anonymity was granted not only because the business was a victim of blackmail but because of the risk posed by the malicious use that its information could be put to in the wrong hands.

Chambers and Partners Insolvency 2022 Edition

Abel Lyall contributed to the Guernsey chapter and Stephen Alexander and Andrew Bridgeford contributed to the Jersey chapter

Pensions disputes: Ombudsman relies on telephone recordings to make determination

During the telephone calls between Mr A and the provider, the provider strongly recommended that Mr A seek financial advice to inform his decision.

Spanish translation of LCIA rules signals push to promote court across globe

The translation of the LCIA rules, which were updated in 2020, marks the first time that they have been made available in a language other than English.

Latham Advises on Growth Investment for Openly, a Leading Homeowners Insurance Company

The financing will enable the premium homeowner insurance company to enhance its technology offering and expand its geographic footprint.

Flow operational resilience requirements into services contracts

The good news is that many of the provisions that firms already include in contracts in order to meet regulatory requirements on outsourcing or the use of third party providers will help firms satisfy operational resilience requirements.

Red card for John Carew - Ex-Norwegian international footballer jailed for tax evasion

During the relevant period, Carew had submitted Norwegian tax returns which stated that he was resident in the UK for tax purposes.

Non-EU businesses should prepare for new EU rules on sustainability reporting

As a result, more and more countries have started to introduce national legislation in respect of how companies should conduct business to comply with human rights and reduce their impact on the environment.

Germany signs agreement with Switzerland for cooperation between competition authorities

For companies that may be affected, investigations by the cartel authorities could be initiated in the future.

UK Supreme Court blocks Scottish independence referendum legislation

In a unanimous decision (35 pages / 303KB PDF), the Lord Justices held that the proposed Scottish Independence Referendum Bill

UK firms given extended deadline to apply new product safety marking

Zoe Betts of Pinsent Masons said the decision would give industry the flexibility to choose which marking to apply.

How UK and EU strong customer authentication rules differ

In recent months clear differences have begun to emerge between the two as authorities in the UK and EU have begun to update their respective SCA requirements.

Dentons advises UK government on energy prices measures

Dentons mobilised a team of lawyers from energy, public law, and various other disciplines from across our UK firm to undertake this significant project, which is ongoing.

Banking & Finance Trends & Developments in The Bahamas

Their article focused on the trends and developments of the Banking & Finance sector in The Bahamas.

Loans & Secured Financing in The Bahamas

Financial Services Partner, Portia J. Nicholson, in conjunction with Associates, Kamala Richardson, Andre Hill and Dennise Newton authored The Bahamas Chapter for the Loans & Secured Financing Guide published by Lexology GTDT.

Government Regulation