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

Developing a Retirement Quality Mark

Background The Board of the Pension Quality Mark (PQM) launched a consultation in November 2015 on its proposed new Mark, the Retirement Quality Mark (RQM). The existing PQM is focused on the accumulation phase of retirement saving, with...

Better workplace pensions: Reducing regulatory burdens and minor regulation changes

Background The DWP’s consultation on reducing regulatory burdens and minor regulation changes (published on 12 November 2015) looks at reducing regulatory burdens, and making “small but important” changes to various sets of...

Banning member-borne commission in occupational pension schemes

Background The DWP is consulting on the best way of regulating a ban on member-borne commission payments in relevant occupational pension schemes that provide money purchase benefits and which are being used as qualifying schemes for...

Pension transfers and early exit charges – Sackers’ response to consultation

Background HM Treasury issued a consultation on 30 July 2015, in which it seeks views on options to address possible barriers to individuals wanting to change existing pension arrangements in order to access the new pension freedoms. Among...

Strengthening the incentive to save: a consultation on pensions tax relief – Sackers’ response to consultation

Background On 8 July 2015, HM Treasury published a consultation to examine whether there is a case for reforming pensions tax relief. The Government has asked for views on the potential for reform. While the consultation itself does not...

Proposed changes to FCA transfer rules – Sackers’ response to consultation

Background On 4 March 2015, the FCA published a consultation on proposed changes to its pension transfer rules that are designed to support the new flexible pensions regime which came into force on 6 April 2015. The new regime brings...

DB to DC transfers and conversions – Sackers’ response to consultation

Background 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. Among other things, the draft guidance aims to: help trustees ensure they have...