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

A new DC decumulation framework (aka rethinking the pension freedoms)

As part of its Mansion House reforms announced in July, the Government published a consultation (which has since closed) on a new policy framework to support DC members in trust based schemes in decumulation. If I’ve lost you already...

What’s changing on 6 April?

  It’s been hard to miss that pensions was a key area in the Spring Budget, but in all the excitement, it can be easy to lose track of exactly what’s changing.  So here is a quick recap of those changes, along with a reminder of...

DC “Simpler Statement” requirements to apply from October 2022

If you work in pensions and can’t say “I know what simpler annual benefit statements are”, you’ll want to read this. The new legal requirements for a shorter, simpler annual member statement for certain schemes (which we last...

What does high inflation mean for pension schemes?

For most of the past thirty years it is fair to say that if you were lucky enough to have a defined benefit (DB) pension then you didn’t need to worry about inflation too much. With the cost of living soaring this looks set to change....

Stronger (Nudge) than yesterday

Stronger than yesterday. Or at least come 1 June, if your scheme contains DC benefits, you’ll need to be. Why? Because in January the DWP published final regulations[1](the “Regulations”) requiring DC trustees to implement a Stronger...

Facilitating investment in illiquid assets by DC schemes

Introduction On 30 March 2022 the DWP published a consultation seeking views on proposals and draft regulations to improve the accessibility of illiquid assets for DC pension scheme investment. Click here for a PDF of this Alert. In this...

DC briefing – October 2021

The DC briefing (PDF) highlights topical news on DC pensions from a legal viewpoint. In this briefing: VfM changes on the horizon Simpler annual statements Further consolidation on the cards Timeline Stronger nudge to guidance...