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

RPI – No change

Introduction CPAC was asked to consider and comment on the recommendations the ONS developed following their October 2012 consultation on changing the methodology for calculating RPI. This consultation put forward four possible options...

The Government defines its ambition

Introduction On 22 November 2012, the Government unveiled its strategy for “Reinvigorating workplace pensions”. The proposals build on the Coalition Agreement commitment to put in place “arrangements that result in the...

Sackers’ Response to DWP Consultation on Bridging Pensions

Background The DWP is consulting on draft regulations on bridging pensions whichintroduce a power for trustees of schemes which provide bridging pensions to amend their schemes’ rules by resolution to take account of the impact of...

RPI 2.0 – ONS consultation on changing the index

Introduction Pensions trustees could be forgiven for taking a deep breath and thinking “here we go again” as the ONS consults on making changes to RPI. Following Government announcements in the summer of 2010, CPI replaced RPI...

Consultation on draft legislation – bridging pensions

Introduction On 4 October 2012, the DWP published a consultation on draft legislation which will introduce a limited power for trustees of schemes which provide bridging pensions to modify their rules to take account of the impact of...

Consultation on miscellaneous amendment regulations

Introduction The DWP has published a consultation on changes to regulations which affect contracted-out DB schemes and bulk transfers without consent. In this Alert: Key points DB contracting-out Amending contracted-out schemes The...

TPR statement on incentive exercises

Introduction Following the publication of an industry “code of good practice” on incentive exercises (the “Code”)1 TPR has reviewed and replaced its incentives guidance with a short principles-based statement. In...