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

Call for evidence – Bulk transfers of DC pensions without member consent

Introduction On 20 December 2016, the DWP published a call for evidence seeking views on how the current provisions on the bulk transfer of DC pensions without member consent, in particular from occupational and stakeholder pension...

PPF levy determination for 2017/18

Introduction On 15 December 2016, the PPF confirmed its planned levy rules for 2017/18 which will remain largely unaltered for the third year of this triennium, making it business as usual for the certification / recertification of...

Government consults on measures to combat pension scams

Introduction HMT and the DWP are jointly consulting on a package of measures aimed at tackling three different areas of pensions scams: a ban on cold calling limiting pension scheme members’ statutory right to transfer making it a...

GMP equalisation

Introduction The DWP is consulting on a new methodology for equalising pensions for the effect of inequalities caused by GMPs in private pension schemes. Meanwhile, HMT is separately consulting on how best to treat GMPs for affected...

Autumn Statement 2016

Introduction On 23 November 2016, Philip Hammond delivered his first Autumn Statement as Chancellor of the Exchequer. It will no doubt come as a relief to many that, whilst pensions have not escaped the Chancellor’s attention entirely,...

Capping early exit charges: Government response

Introduction On 15 November 2016, the Government issued its response to the DWP’s May 2016 consultation (“the Consultation”) on capping early exit charges for members of occupational pension schemes that contain “flexible...

Pension Schemes Bill

Introduction The Pension Schemes Bill 2016-17 (“the Bill”) was published on 20 October 2016, receiving its first reading in the House of Lords the previous day. The primary aims of the Bill are to provide for the greater regulation of...