Year: 2020

Find out what’s happening at Sackers. Our News section provides information about recent work, press comment and media coverage, and what our people are doing.

Latest News

Are DC schemes really “no strings attached” for employers?

For many employers, the attraction of a DC scheme is that their responsibility starts and ends with making the right contributions. This is particularly the case where the employer uses a group personal pension (“GPP”) or a master...

7 days – 6 July 2020

7 Days is a weekly round up of developments in pensions, normally published on Monday afternoons. We collate this information from key industry sources, such as the DWP, HMRC and TPR. In this 7 Days Coronavirus – Sackers response...

7 days – 29 June 2020

7 Days is a weekly round up of developments in pensions, normally published on Monday afternoons. We collate this information from key industry sources, such as the DWP, HMRC and TPR. In this 7 Days Coronavirus – Sackers response...

Review of default charge cap and cost disclosure

Introduction On 25 June 2020, the DWP published a call for evidence seeking views on the effectiveness of costs, charges and transparency measures in protecting pension member outcomes (“the Call for Evidence”). This Call for Evidence,...

Furloughing – pension contributions and salary sacrifice

Introduction On 17 April 2020, TPR published DC pension contributions: COVID-19 technical guidance for large employers (“the Guidance”). This was updated on 15 June to reflect changes to the Coronavirus Job Retention Scheme’s (“the...

Coronavirus – furlough and automatic enrolment

HMRC’s guidance on its Coronavirus Job Retention Scheme (“the CJRS”) has been updated at various stages to reflect changes to the scheme’s conditions, duration and levels of grant (see “The CJRS – in brief” below)....

7 days – 22 June 2020

7 Days is a weekly round up of developments in pensions, normally published on Monday afternoons. We collate this information from key industry sources, such as the DWP, HMRC and TPR. In this 7 Days Coronavirus – Sackers response CTI...

New interim regulatory regime for Superfunds

Introduction On 18 June 2020, TPR launched a new interim regulatory regime for DB consolidator superfunds (and other new models), pending the establishment of a full legislative framework. The new guidance, which came into effect...