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

Pensions dashboards – DWP publishes connection guidance

Introduction The DWP published its Pensions dashboards: guidance on connection on 25 March 2024 (“the Guidance”). The Guidance sets out a staged timetable for occupational pension schemes and personal and stakeholder pension providers...

LTA-Day – it’s the final countdown

Introduction 6 April 2024 (“LTA-Day”) will mark the end of the LTA and the introduction of new allowances, the “lump sum allowance” (“LSA”) and the “lump sum and death benefit allowance” (“LSDBA”). In this Alert we look...

Spring Budget 2024 and beyond

Introduction The Chancellor, Jeremy Hunt, delivered his Spring Budget 2024 today. Following last year’s announcements of major pensions tax changes, the pensions news this year centres on long-term growth and the further evolution of the...

DB funding – TPR consults on statement of strategy

Introduction TPR today published a consultation on the statement of strategy (the “Statement”) that DB trustees will need to submit as part of planning and managing their scheme’s funding.  It forms part of a wider package of...

Consultation on options for DB schemes

Introduction On 23 February 2024, the DWP published a consultation seeking views on proposals to make it easier to make payments from DB scheme surplus to sponsors and scheme members and a model for a public sector DB consolidator run by...

DWP publishes revised DB funding regulations

Introduction The first document in the new funding regime jigsaw has now been issued in final form. Designed to implement new requirements set out in the PSA21 for DB schemes to have a funding and investment strategy (“the F&I...

The 2024/25 PPF levy determination

Introduction On 14 December 2023, the PPF published its policy statement and formal levy rules for 2024/25. Click here for a PDF of this Alert. In this Alert Key points Changes for 2024/25 Future direction of the levy Next steps Key points...