Joseph Wren

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.

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.

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.

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).

Aug 10, 2023 | mondaq.com | Jonathan Gilmour |Peter Hughes |Joseph Wren |Anne Tanney

Following a protracted consultation process, each of the EU and the UK has now finalised its revised requirements for trade reporting under the European Markets Infrastructure Regulation ("EMIR") following the revision of EMIR in 2019 ("EMIR Refit"). All EU or UK users of derivatives will be impacted by these new trade reporting requirements.