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

Permitted Charges within DC Pension Schemes – Sackers’ response to consultation

Background The DWP is consulting on the policy around the implementation of a threshold (or de minimis) below which the flat fee element of the combination charge used by pension providers cannot be charged to members. It is also seeking...

Pension Dashboards – call for input on staging – Sackers’ response to consultation

Background The Pensions Dashboards Programme (“PDP”) has issued a call for input on staging, which outlines the proposals for the order and timing of when data providers (including occupational schemes) will connect to the pensions...

TPR’s Code of Practice on the two new tests (employer resources and employer insolvency) for imposing a Contribution Notice – Sackers’ response to consultation

Background TPR is consulting on changes to its Code of Practice 12 (“the Code”) and the accompanying code-related guidance in relation to two new tests for imposing a Contribution Notice (“CN”). The new tests, the employer...

Simpler annual benefit statements: draft regulations and statutory guidance – Sackers’ response to consultation

Background The DWP is consulting on the draft Occupational and Personal Pension Schemes (Disclosure of Information) (Amendment) Regulations 2022 and associated draft statutory guidance (which includes an illustrative template). Together,...

Pension scams: Empowering trustees and protecting members – Sackers’ response to consultation

Background The DWP is consulting on draft regulations intended to deliver on the provisions set out in section 125 of the Pension Schemes Act 2021 in relation to pension transfers to and from both occupational and personal pension schemes....

TPR’s approach to the investigation and prosecution of the new criminal offences – Sackers’ response to consultation

Background The following two new criminal offences are being introduced by section 107 of the Pension Schemes Act 2021 (as new sections 58A and 58B respectively of the Pensions Act 2004): avoidance of employer debt, and conduct risking...

Improving outcomes for members of DC schemes – Sackers’ response to consultation

Background The DWP is consulting on changes to regulations and statutory guidance which are intended to improve DC pension scheme governance, promote the diversification of investment portfolios and signal the Government’s commitment to...