Watchdog Receives 38 Applications From Multiemployer Trusts
Law360, London (May 14, 2019, 3:48 PM BST) -- Britain’s pensions regulator said on Tuesday that it has received a total of 38 applications from master trusts hoping to win authorization to provide multiemployer pension schemes in the U.K. under tough new standards aimed at protecting 14 million retirement savers.
The Pensions Regulator said that it has already authorized six of the 38 applicants, including the master trusts belonging to Willis Tower Watson and Legal & General Group PLC. Legislation that came into force in October requires every new and existing multiemployer scheme holding more than £29 billion ($37.5 billion) in assets to apply to the watchdog, known as TPR,...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!
Kirkland & Ellis LLP has redefined what it means to be the biggest of BigLaw — weighing in at 2,116 attorneys by year end 2018 and becoming the first firm since Law360 began tracking law firm head counts to top 2,000 U.S.-based attorneys.