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Aug 20, 2024 | 
estate-living.co.za | Jonathan Gilmour
Good governance is the backbone of a successful community 3 min read This article explores the significance of governance in community associations, the best practices for implementation, the challenges that may arise, and the different governance models available to associations in South Africa.
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Aug 16, 2024 | 
estate-living.co.za | Jonathan Gilmour
Condonation of late review application And Procedural Fairness In Hearings 3 min read The Lund v. CSOS judgment serves as a critical reminder of the standards required in CSOS conciliations and adjudications. Read MoreEstate management: integrating smart city innovation 9 min read The fusion of smart city innovation, ESG criteria, and resilience engineering may be the answer to the diverse and dynamic global challenges presented to community administrations.
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Jun 28, 2024 | 
medium.com | Jonathan Gilmour
In New York City - and across the country - more people are killed by hot weather than by all other natural disasters combined. An estimated 350 New Yorkers die from extreme heat every year. Of those, seven deaths are directly attributed to heat, and the rest are heat-exacerbated deaths - resulting when high temperatures aggravate underlying health conditions.
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Apr 4, 2024 | 
lexology.com | Susie Daykin |Daniel Gerring |Niamh Hamlyn |David James |Andy Lewis |Dan Naylor | +6 more
IntroductionFunding and Investment modules: overviewWhat's new and what's not included? Next stepsComplying with the Code1. Introduction The Pensions Regulator's General Code of Practice (the Code) took effect on 28 March 2024 and sets out its expectations for good governance in occupational, personal and public service pension schemes. This includes expectations around funding and investment matters.
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Mar 27, 2024 | 
lexology.com | Louisa Chambers |James Longster |Dan Reavill |Helen Reddish |Ben Chivers |Jonathan Rush | +40 more
Our round-up of recent and forthcoming developments in UK law and practice for our international stakeholders.
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Feb 19, 2024 | 
lexology.com | Susie Daykin |Daniel Gerring |Jonathan Gilmour |Niamh Hamlyn |Peter Hughes |David James | +5 more
The Government has laid before Parliament the final regulations concerning the funding and investment strategy requirements to be introduced by the Pension Schemes Act 2021 (the "Regulations"). The Regulations set out new principles that will govern how defined benefit (DB) schemes will have to be funded, alongside an integrated investment strategy, based on a long-term objective for providing benefits (for example buy-out, consolidation or run-off).
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Jan 31, 2024 | 
mondaq.com | Jonathan Gilmour |Peter Hughes |Joseph Wren
Against the backdrop of continued global macroeconomic
volatility, the management and mitigation of uncompensated risks
continues to be a focus for funds. This chapter highlights some key
structural and legal issues that should be considered by a private
capital manager thinking about entering into derivatives
transactions at fund level as part of its risk management.
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Jan 29, 2024 | 
lexology.com | Susie Daykin |Joseph Wren |Jonathan Gilmour |Daniel Gerring |Niamh Hamlyn |David James | +3 more
The Pensions Regulator (the "Regulator") has updated the questions for Defined Benefit ("DB") and Hybrid schemes to answer in this year's Scheme Return (which will need completing by 31 March 2024). As well as detailed additional questions about a scheme's leveraged liability driven investment ("LDI") arrangements, schemes must provide information about their fiduciary managers, investment consultancy providers and Additional Voluntary Contributions ("AVC") providers.
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Aug 30, 2023 | 
mondaq.com | Susie Daykin |Joseph Wren |Dan Naylor |Jonathan Gilmour
On 24 April 2023, The Pensions Regulator (TPR) and the
Financial Conduct Authority (FCA) each issued guidance for UK
defined benefit (DB) pension schemes and their managers on
Liability Driven Investment (LDI) strategies: TPR's guidance is
here, and the FCA's guidance is here.
The new TPR and FCA guidance follows the volatility crisis in
the UK gilts market in late September 2022 and the statements
issued at the time by the two regulators (see our previous
briefing).
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Aug 30, 2023 | 
mondaq.com | Sarah Boon |Susie Daykin |Jonathan Gilmour |Niamh Hamlyn
We are pleased to present the first edition of
"Pensions De-risking", our periodical update on
developments in the pensions de-risking marketplace. This first
edition includes topical content on illiquid investments in the
context of de-risking activity and links to other Travers Smith
content on the increasingly recurring theme of pension scheme
surpluses. We also highlight Travers Smith's recent work in
this area.
