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.
Introduction On 19 October 2021, the DWP published its response to the consultation on proposed regulations and statutory guidance to introduce simpler annual statements for members of DC auto-enrolment schemes. Final regulations (“the...
Earlier this year, the Department of Work and Pensions (the “DWP”) published a consultation on draft regulations introducing new standard requirements for annual workplace pension benefit statements for members (excluding pensioners)...
Introduction On 19 July 2021, the DWP published a consultation seeking views on the draft Occupational Pension Schemes (Collective Money Purchase Schemes) Regulations 2021 (“the Regulations”) and associated consequential changes that...
Introduction On 17 May 2021, the DWP published a consultation on draft regulations (“the Regulations”) and accompanying draft statutory guidance which will introduce new standard requirements for the length and format of annual...
The Government is “determined” to address the growth in the number of deferred small pots (of less than £1,000) and the impact this has on the consumer. In December 2020, the Small Pots Working Group Report (“the Report”) set out...
Pressure on small schemes to consolidate In a recent consultation response, “Improving outcomes for members of DC pension schemes”, the Government views accelerating the consolidation of the DC market into fewer larger schemes as a...
The DC briefing (PDF) highlights topical news on DC pensions from a legal viewpoint. In this briefing: Improving outcomes for members of DC pension schemes Regulatory update Taking action on climate risk Moves to master trusts increase...
The Pensions Policy Institute (PPI) recently published a briefing document entitled Small pots: what are they and why they matter, setting out the problems associated with small pots and some possible solutions. The aim is to support the...
All occupational pension schemes must prepare an annual report and accounts within seven months of the end of each “scheme year”. However, on and from 1 October 2020, there is a new requirement that annual report and accounts must also...
