Year: 2021

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

DWP Collective Money Purchase Schemes consultation

Introduction On 19 July 2021, the DWP published a consultation seeking views on the draft Occupational Pension Schemes (Collective Money Purchase Schemes) Regulations 2021 (“the Regulations”) and associated consequential changes that...

7 days – 19 July 2021

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 The Occupational Pension Schemes...

Sackers checklist – GMP equalisation: Essential planning – the questions trustees need to ask – July 2021

Back in 2018, Mr Justice Morgan held in Lloyds No.1 that schemes are under a duty to equalise for the effect of GMPs. More recently, with Mr Justice Morgan once again at the helm, the High Court concluded in Lloyds No.3 that, in certain...

Permitted Charges within DC Pension Schemes – Sackers’ response to consultation

Background The DWP is consulting on the policy around the implementation of a threshold (or de minimis) below which the flat fee element of the combination charge used by pension providers cannot be charged to members. It is also seeking...

7 days – 12 July 2021

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 DWP consultation on “nudge” to...

PASA’s GMP conversion guidance

Introduction The latest addition to PASA’s suite of GMP equalisation guidance was published on 9 July 2021, the eagerly awaited GMP conversion guidance (“the Guidance”). The Guidance “provides examples of how GMP conversion is...

Pension Dashboards – call for input on staging – Sackers’ response to consultation

Background The Pensions Dashboards Programme (“PDP”) has issued a call for input on staging, which outlines the proposals for the order and timing of when data providers (including occupational schemes) will connect to the pensions...

TPR’s Code of Practice on the two new tests (employer resources and employer insolvency) for imposing a Contribution Notice – Sackers’ response to consultation

Background TPR is consulting on changes to its Code of Practice 12 (“the Code”) and the accompanying code-related guidance in relation to two new tests for imposing a Contribution Notice (“CN”). The new tests, the employer...