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.
Introduction On 12 February 2015, TPR published a consultation on guidance for trustees of DB schemes on member requests for transfers from DB to DC schemes. In this Alert Key points Background General issues for trustees Draft guidance...
Introduction On 4 February 2015, the FCA confirmed the final rules requiring firms that operate workplace personal pension schemes to set up and maintain independent governance committees (IGCs). In this Alert: Key points Background Who is...
Introduction On 4 February 2015, the government published the response to its October 2014 Command Paper regarding governance and charges in occupational pension schemes providing DC benefits (see our earlier Alert). The final...
Introduction The Pensions Ombudsman has published decisions in three cases which relate to the refusal by different pension providers to action members’ transfer requests. In each case, the providers had grounds for concern that the...
Introduction On 18 December 2014, the PPF published its levy determination for 2015/16 and associated documents. The PPF’s intention is to retain these new levy rules for a three-year period but it will keep the performance of the new...
Introduction In December 2014, the Incentive Exercise Monitoring Board Technical Group (the “Group”) published a note confirming that the Code of Practice on Incentive Exercises (the “Code”) applies to one-off trivial...
Introduction The DWP is consulting on technical changes to automatic enrolment with a view to further simplifying the automatic enrolment process and reducing the administrative burden on employers. In particular, the DWP wants to ensure...
