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

A simplified process for DC scheme consolidation

Introduction The DWP has finalised its proposals to simplify the process for consolidating DC pension schemes while maintaining member protection. The Occupational Pension Schemes (Preservation of Benefit and Charges and Governance)...

The Occupational Pension Schemes (Employer Debt and Miscellaneous Amendments) Regulations 2018

Introduction On 26 February 2018, the DWP published a response to the consultation on the draft Occupational Pension Schemes (Employer Debt) (Amendment) Regulations 2017 together with a final version of the regulations, now called The...

Consultation outcome – Improving disclosure of costs, charges and investments

Introduction On 26 February 2018, the DWP published the response to its consultation on the disclosure of costs, charges and investments in DC occupational schemes, together with a link to the final regulations. Click here for a PDF of...

PPF levy determination for 2018/19

Introduction On 19 December 2017, the PPF published its final levy rules for the 2018/19 levy year. Click here for a PDF of this Alert. In this Alert Key points Type A contingent assets – guarantor strength Contingent assets: standard...

GDPR: countdown to 25 May 2018

Introduction On 25 May this year, new data protection requirements will come into force aimed at creating a regulatory regime fit for the digital age. Much of the General Data Protection Regulation (GDPR) will feel familiar, as the new...

Reminder! Action needed on anti-money laundering

Introduction The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (“the Regulations”) came into force on 26 June 2017. Here we recap on the key action points for trustees. For a...

HMRC issues updated VAT guidance

Introduction After a long wait, HMRC has revised its internal VAT manual to make clear that the VAT treatment for professional fund management costs outlined in Notice 700/17 (the so-called 70/30 recovery method) will no longer be...