Global Investment Performance Standards meaning

Mercer highlighted three central problems: inadequate retirement saving, modest performance from long-term pots, and limited participation by savers. It called on policymakers to widen auto-enrolment in pension schemes and to lift the statutory minimum contribution rates. According to Mercer — one of the four operating subsidiaries within the global professional services firm Marsh McLennan Companies Inc. — such reforms would raise future retirees’ living standards and strengthen the UK’s economic resilience. Phil Parkinson, the firm’s UK head of wealth, voiced unease about the system’s current path, stressing that many are putting aside too little to secure a comfortable later life. ‘We are inching towards a cliff edge for pensions and long-term saving, yet there remains a chance to tackle these issues,’ Parkinson noted in the years ahead...

UK Finance responds to FCA consultation on aligning sustainability disclosures with ISSB standards UK Finance has issued its reply to the Financial Conduct Authority’s consultation on bringing sustainability-related disclosures into line with international standards, backing the plan to embed the UK Sustainability Reporting Standards within the Listing Rules and to align with the International Sustainability Standards Board baseline, while underlining the need for international consistency and comparability. It supports the proposed ‘comply or explain’ model, yet seeks clearer signalling on the FCA’s next steps, including whether the regime will persist in its current form or shift towards mandatory adherence. The submission also urges consideration of the implications for the competitiveness of UK listings and for the broader corporate reporting landscape, and says the FCA should take a proportionate, supportive supervisory stance, especially during initial implementation, acknowledging that firms may rely on best endeavours as capabilities mature. UK Finance further stresses that using the ‘explain’ option should not be equated with non-compliance, and it does not support introducing...

In this issue: Key developments and materials Air emissions and climate change Contamination and pollution Energy efficiency and buildings Energy for environmental lawyers Environmental disputes and proceedings Environmental enforcement and prosecutions Environmental information ESG and sustainability Hazardous substances and chemicals Marine Nature, biodiversity and habitat conservation Waste Waste producer responsibility regimes Water, flooding and drainage Daily and weekly news alerts New and updated content Key developments and materials End‑of‑year review 2024: the Environment team at LexisNexis® reflect on standout environmental law shifts across the year, spanning chemicals, climate change and related litigation, energy performance of buildings, environmental governance, ESG and sustainability, nature, biodiversity and habitat protection, waste and extended producer responsibility, and water. See News Analysis: Environmental law developments—end of year review 2024. Environment 2024 cases round‑up: this News Analysis highlights notable judgments for environment lawyers, including R (on the application of Friends of the Earth...

Banking & Finance glossary A Auditing and Accounting Organisation for Islamic Financial Institutions (AAOIFI) The foremost Islamic, international, autonomous, independent, not-for-profit corporate body that develops and issues accounting, auditing, governance, ethics and Shari’ah benchmarks and standards for Islamic Financial Institutions (IFIs) and the wider Islamic finance sector. Founded in Bahrain in 1991, it is backed by a number of institutional members across more than 45 countries, including central banks and regulatory authorities, financial institutions, accounting and auditing practices, and legal firms. Its pronouncements are currently applied by leading Islamic financial institutions across the world and have advanced a progressive and gradual harmonisation of global Islamic finance practice. It also delivers professional qualification programmes—notably Certified Islamic Professional Accountant (CIPA), Certified Shari’ah Adviser and Auditor (CSAA), and the corporate compliance programme—in efforts to strengthen the industry’s human capital and governance frameworks. For further details, see Practice Note: Key participants in the Islamic finance industry—Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI). Acceleration Acceleration is the formal action...