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

Changes coming into force on and from 6 April 2016

Introduction In yet another busy year for pension schemes, the tax rules (see our Alert) are not the only things changing on and from 6 April 2016. A host of other reforms will also come into effect from that date. For a PDF version of...

Abolition of DB contracting-out: statutory modification power

Introduction As a result of the introduction of the new single-tier state pension, DB contracting-out will be abolished with effect from 6 April 2016. Due to consequential changes to legislation in relation to the abolition of DB...

Countdown to abolition of DB contracting-out: Tricky issues

Introduction As a consequence of the introduction of the new single-tier state pension, DB contracting-out will be abolished with effect from 6 April 2016 (“the Abolition Date”). In this Alert we set out some of the trickier issues...

Banning member-borne commission in occupational pension schemes

Introduction On 26 January 2016, the DWP published its response to the consultation, “Better workplace pensions: Banning member-borne commission in occupational pension schemes”.  The response includes a further consultation on the...

Occupational and Personal Pension Schemes and the Pension Protection Fund (Miscellaneous Amendments) Regulations 2016

Background The DWP’s consultation on the draft Occupational and Personal Pension Schemes and the Pension Protection Fund (Miscellaneous Amendments) Regulations 2016 was published on 23 November 2015. It seeks views on a number of...

Developing a Retirement Quality Mark

Background The Board of the Pension Quality Mark (PQM) launched a consultation in November 2015 on its proposed new Mark, the Retirement Quality Mark (RQM). The existing PQM is focused on the accumulation phase of retirement saving, with...

Creating a secondary annuity market: response to the call for evidence

Introduction As part of the March 2015 Budget, the Government announced its desire to extend the retirement flexibilities to annuity holders (see our Alert), publishing a consultation calling for evidence on creating a secondary annuity...