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

Consultation outcome – Improving disclosure of costs, charges and investments

Introduction On 26 February 2018, the DWP published the response to its consultation on the disclosure of costs, charges and investments in DC occupational schemes, together with a link to the final regulations. Click here for a PDF of...

Occupational Pension Schemes (Master Trusts) Regulations 2018 – Sackers’ response to consultation

Background The DWP is seeking views on the draft regulations that will fully commence the new authorisation and supervisory regime for Master Trust schemes under the provisions of the Pension Schemes Act 2017 (“the 2017 Act”). In this...

The Occupational Pension Schemes (Preservation of Benefits and Charges and Governance) (Amendment) Regulations 2018

Background The DWP is consulting on draft regulations that are intended to simplify the bulk transfer of DC pensions without member consent. In this response: General comments Removal of the requirement for an actuarial certificate Removal...

Consultation on changes to DC bulk transfers without consent

Introduction Recognising that the current legislation’s drafting is causing problems in practice, the DWP has issued a consultation to seek views on draft regulations (“the Regulations”) to simplify requirements for DC to DC bulk...

DWP consults on the disclosure of costs, charges and investments in DC occupational schemes

Introduction On 26 October 2017, the DWP launched a consultation seeking views on the policy and proposed regulations for how costs and charges information should be published and made available to members; and for members to request...

DC briefing – October 2017

The DC briefing (PDF) highlights topical news on DC pensions from a legal viewpoint. In this briefing: Update on costs and charges TPR finds improvements needed in DC governance Keep your eye on your member communications Spotlight:...

FCA publishes Policy Statement on transaction cost disclosure in workplace pensions

Introduction On 20 September 2017 the FCA published Policy Statement 17/20, on “Transaction cost disclosure in workplace pensions”. Click here for a PDF version of this Alert. In this Alert Key points Background Facilitating the...