News

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

Consultation on tougher rules on investment governance

Introduction On 29 July 2019, the DWP issued a consultation on draft regulations (“the Consultation” and “the Regulations” respectively) imposing new obligations on trustees in relation to the fiduciary management and investment...

Further changes to SIPs and investment disclosure

Introduction The Shareholders Rights Directive (“SRDII”) had to be transposed into UK law by 10 June 2019. On 6 June 2019, the Government published the Occupational Pension Schemes (Investment and Disclosure) (Amendment) Regulations...

GDPR – one year on

Introduction 25 May 2018 was the dawn of a new era in the protection of personal data, with the GDPR building on and extending existing data protection provisions to create a regime “fit for the digital age”. As the ICO said at the...

GMP equalisation – DWP guidance published on using conversion legislation

Introduction Just in time for Easter, the Government has published its long awaited guidance on using the GMP conversion legislation to help crack the GMP equalisation conundrum. The culmination of work carried out by the DWP’s industry...

Collective DC Schemes get the go-ahead

Introduction The DWP published its response to consultation on “Delivering collective defined contribution schemes” on 18 March 2019. This gives the green light for a particular model of trust-based, collective defined contribution...

Key pension dates and deadlines 2019 – are you ready?

Introduction Whilst all was quiet on yesterday’s spring statement front, and uncertainty remains on what will become of Brexit by the end of March, April as usual heralds a number of changes for pensions. Click here for a PDF of this...

2019 funding statement – TPR’s long-term funding focus

Introduction Picking up the baton from last year’s DB White Paper, TPR’s annual funding statement (published on 5 March 2019, and running to 22 pages) includes a specific focus on long-term funding targets. The summary of key messages...