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

Combatting pension scams – new conditions on transfers

Introduction On 8 November 2021, regulations designed to protect savers against pension scams were laid before Parliament, alongside new TPR guidance to help guide trustees, pension managers and administrators through the new requirements....

Consultation on changes to climate and investment reporting

Introduction On 21 October 2021, the DWP issued a consultation seeking views on proposals to require trustees of larger occupational pension schemes, authorised master trusts and authorised collective money purchase schemes (together,...

Simpler annual statements – response to consultation and final regulations

Introduction On 19 October 2021, the DWP published its response to the consultation on proposed regulations and statutory guidance to introduce simpler annual statements for members of DC auto-enrolment schemes. Final regulations (“the...

PASA issues anti-franking guidance

Introduction Following requests from the industry to expand upon the section included in its methodology guidance, on 29 September 2021 PASA issued supplemental guidance on allowing for anti-franking when achieving GMP equality (“the...

Key changes in force from 1 October

Introduction Several key changes are coming into effect from 1 October 2021 under the Pension Schemes Act 2021 (“PSA21”) and beyond. Where necessary, trustees and employers should seek advice on what those changes mean for their...

New notifiable events and the declaration of intent

Introduction Against the backdrop of PSA21, on 8 September 2021,  the DWP published a consultation seeking views on changes to the notifiable events regime. In addition, the Government confirmed that it will press ahead with the...

PASA publishes GMP equalisation guidance on historical transfers

Introduction The latest addition to PASA’s suite of GMP equalisation guidance was published today (“the Guidance”).  Aimed at finding “a pragmatic approach to equalising historical transfers”, the Guidance builds on the High...