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

Retirement savings and financial advice – changes in the pipeline

Introduction Two consultations and a call for evidence are underway which look set to simplify certain elements of financial advice in the retirement savings context. For a PDF version of this Alert please click here. In this Alert Key...

FCA consults on transaction cost disclosure in workplace pensions

Introduction On 5 October 2016, the FCA published a consultation paper which proposes rules and guidance to improve the disclosure of transaction costs in workplace pensions. For a PDF version of this Alert please click here. In this Alert...

PPF publishes consultation on levy changes for 2017/18

Introduction On 22 September 2016, the PPF published its consultation on changes to the pension protection levy for 2017/18. For a PDF version of this Alert please click here In this Alert Key Points Proposal to minimise impact of FRS 102...

Finance Bill receives Royal Assent

Introduction The Finance Act 2016 received Royal Assent on 15 September 2016. The Act, which introduces provisions announced by the Chancellor in the 2016 Budget, Autumn Statement 2015 and Summer Budget 2015, contains key measures...

PPF compensation cap – increase for long service

Introduction On 15 September 2016, the DWP published a consultation on draft legislation relating to the introduction of a new PPF compensation cap for those with long service. For a PDF version of this Alert please click here. In this...

Government publishes draft legislation to introduce Lifetime ISAs

Introduction In the 2016 Budget, the Government announced that a new long-term savings product, to be known as a Lifetime Individual Savings Account or “Lifetime ISA” (or “LISA”), would be introduced with effect from April 2017...

VAT on professional fund management costs – further extension of transitional period

Introduction On 5 September 2016, HMRC issued Brief 14 (2016), its latest in a long line of updates regarding the recoverability of VAT on professional fund management costs paid in respect of occupational pension schemes. For a PDF...