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FCA: financial firms should reconsider consumer duty monitoring and reporting strategies

The FCA also identified that some firms have narrow data reliance

July 2024 Pensions Law Update

The past month has been a busy one for our “cyber security for pensions” specialists who have been out and about speaking at various events.

Changes to NSW work health and safety legislation an important reminder for organisations

These changes highlight the NSW Government’s intention to crack down on those who breach their WHS duties by significantly increasing maximum penalties and jail sentences.

Employment rights from day one – what might this really mean for employers?

The Liberal Democrats will extend parental leave and pay to the self-employed and make this a day one right.

UK employment and labour laws 2024: expert analysis

Global Legal Insights is a leading provider of international legal intelligence

Pensions Ombudsman decisions offer reassurance around risks of providing online systems

If in any doubt about their fund information, they should contact their provider by phone or secure message, rather than rely solely on their provider’s online system.

Buy-sell agreements and estate tax consequences in the US

Buy-sell agreements are commonly used as a part of a succession plan for a family-owned and closely held business.

Further Scottish short-term let amendments needed to lessen regulatory burdens

The amendments address some restrictive aspects of the previous legislation, aiming to provide a more balanced approach.

Revocable trusts, irrevocable trusts, and changing with the times

These powers cannot be so broad as to frustrate the grantor's intent or cause tax issues but can allow for flexibility.

U.S. Supreme Court Rejects Purdue Pharma Opioid Settlement

Claimants that responded to the plan’s solicitation of votes voted overwhelmingly to support the plan, with 97% of voting claimants accepting.

Election Special? Not a special UK election for cohabiting couples

Almost 50% of the public mistakenly believe that 'common law marriage' exists in England and Wales

Whistleblowers under protection

The Act requires companies to implement internal channels for processing whistleblower reports concerning work-related issues.

Cross-Border Activity Notifications in the EEA

New EU rules for cross-border AIFs/UCITS notifications start July 14, 2024. Updated CSSF templates, auto-generated attestations, and email submissions required.

Building bridges, not barriers: setting up Cayman trusts to minimise conflicts

Cayman Islands trusts are known to be backed by extensive legislation

The proceeds of crime law and unregulated trustees

The additional obligations are set out in schedule 10 of the Proceeds of Crime Law

Ogier strengthens ties with The British Land Company plc

The additional scope will increase Ogier Global's real estate division assets under administration by more than £2 billion.

The EU Corporate Sustainability Due Diligence Directive is final: how can companies prepare?

Many companies that will face extensive obligations under the CSDDD will also be subject to requirements pursuant to the Corporate Sustainability Reporting Directive

HSR Act applies to high net-worth individuals

The penalty for ignoring a mandatory HSR filing could be up to $51,744 per day in 2024.

Differences in China’s legislative approach to HR document retention carry complexities for employers

This situation raises the question of how to define ‘purpose’ and when the ‘fulfilment of purpose’ is considered to have been achieved.

EU ministers align on tougher greenwashing rules

The Council’s general approach will form the basis for negotiations with the European Parliament on the final shape of the directive. Negotiations are expected to begin in the new legislative cycle.

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