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Quarterly briefing – September 2021

The Sackers Quarterly Briefing Q3 2021 highlights significant developments in pensions, covering key areas such as pensions reform, regulatory developments, new...

Simplification of annual benefit statements

Earlier this year, the Department of Work and Pensions (the “DWP”) published a consultation on draft regulations introducing new standard requirements for annua...

Future of the DC pension market: the case for greater consolidation

Background In September 2020, in the consultation Improving outcomes for members of defined contribution schemes, the government set out that while consolidatio...

MNT arrangements – time for a re-design?

Trustee boards are required to design and operate member nominated trustee (MNT) arrangements which are appropriate for their scheme. Many boards diligently des...

Increasing the NMPA

Introduction On 20 July 2021, the Government published a consultation on draft clauses for the Finance Bill 2021-22. Among these are clauses which will increase...

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) Regul...

WEBINAR : Quarterly Legal Update – July 2021

The breadth of TPR’s new powers under the Pension Schemes Act 2021 has been hotly debated. Our spotlight will focus on two recent consultations from TPR s...

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...

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