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

Default Option for DC Schemes consultation: Sackers’ Response

Background The DWP consultation on offering a default option for DC automatic enrolment pension schemes, published on 13 December 2010, seeks views on the design of default options in workplace personal pensions and occupational pensions...

Consultation on switch to CPI: Sackers’ Response

Background The DWP’s consultation, “The impact of using CPI as the measure of price increases on private sector occupational pension schemes” was published on 8 December 2010. The consultation followed the Coalition...

Guidance on incentive exercises / annuities legislation – the pre-Christmas flurry

Introduction The pensions pre-Christmas rush is in full swing. With only 12 shopping days to go, key institutions are racing to get their publications out of the door. The latest festive offerings come from TPR and HM Treasury...

Consultation on consequential amendments resulting from the abolition of protected right: Sackers’ Response

Background On 28 July 2010, the DWP published a consultation, draft consequential legislation in relation to the abolition of contracting out on a DC basis. The four sets of draft regulations are designed to implement certain...

DC Quarter: Conquer the Comms Challenge

Introduction DC member communications are crucial to help employees make appropriate decisions about their pension benefits. However, negotiating the legal restrictions leaves many employers feeling they are prevented from providing the...

Removing the requirement to annuitise by age 75: Sackers’ response

Background Due in part to increasing longevity and the fact that people are working for longer, the Government intends to remove the effective requirement to purchase an annuity by the age of 75 from April 2011.  The consultation was...

Abolition of DC contracting out: consultation on implementing legislation

Introduction On 28 July 2010, the DWP published a consultation on draft regulations in connection with the proposed abolition of DC contracting-out. The draft regulations are designed to implement certain consequential amendments to give...