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

Security and sustainability in DB schemes

Introduction On 20 February 2017, the DWP published its Green Paper on DB private sector pensions, “Defined benefit pension schemes: security and sustainability”.  The Green Paper, which sets out evidence about key challenges facing...

GMP equalisation

Introduction The DWP is consulting on a new methodology for equalising pensions for the effect of inequalities caused by GMPs in private pension schemes. Meanwhile, HMT is separately consulting on how best to treat GMPs for affected...

Pension Schemes Bill

Introduction The Pension Schemes Bill 2016-17 (“the Bill”) was published on 20 October 2016, receiving its first reading in the House of Lords the previous day. The primary aims of the Bill are to provide for the greater regulation of...

Retirement savings and financial advice – changes in the pipeline

Introduction Two consultations and a call for evidence are underway which look set to simplify certain elements of financial advice in the retirement savings context. For a PDF version of this Alert please click here. In this Alert Key...

PLSA DB taskforce: call for evidence – Sackers’ response to consultation

Background The PLSA’s “DB Taskforce” opened a call for evidence on 9 June 2016, in relation to the challenges facing DB schemes and potential solutions. With DB schemes “swimming against the economic and social tide in order to...

Creating a secondary annuity market

Introduction The Government has published three consultations in connection with the proposed secondary market for annuities (“the New Market”). For a PDF version of this Alert click here. In this Alert Key points Background...

Finance (No.2) Bill 2016

Introduction The Finance (No.2) Bill 2016 (“the Bill”) was published on 24 March 2016. It includes measures which were first published draft in December 2015 (see our Alert) as well as new provisions which were announced in this...