Year: 2020

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 & investment litigation briefing – December 2020

The Pensions & investment litigation briefing (PDF) reviews recent case law and examines the practical lessons for trustees and employers. In this briefing: Employers under stress TPO Annual Report PIL Autumn training 2020 –...

Reform of RPI

Introduction On 25 November 2020, HMT and the UK Statistics Authority (“UKSA”) published their response to this year’s consultation on the reform of RPI. Click here for a PDF of this Alert. In this Alert Key points Background How RPI...

GMP equalisation and past transfers out – the High Court decides

Introduction Over two years on from its original decision, on 20 November 2020, the High Court handed down its judgment in the latest instalment of the Lloyds saga. It addresses the impact of the need to equalise for the effect of GMPs on...

Protecting schemes from sponsoring employer distress

Introduction On 12 November, TPR published guidance for trustees of all DB schemes, encouraging them to prepare now for the possibility that their sponsoring employer could face financial difficulties in the future. Trustees should also be...

Finance & investment briefing – December 2020

Our Finance & investment briefing (PDF) takes a look at current issues of interest to pension scheme investors. In this briefing: Consultation: taking action on climate risk Confirming compliance with the CMA Order Brexit Legal...

Quarterly briefing – December 2020

Contents The Sackers Quarterly Briefing Q4 2020 highlights significant developments in pensions, covering key areas such as pensions reform, regulatory developments, new legislation and cases. Current legal agenda Hot Topics Superfunds...

Improving outcomes for members of DC schemes – Sackers’ response to consultation

Background The DWP is consulting on changes to regulations and statutory guidance which are intended to improve DC pension scheme governance, promote the diversification of investment portfolios and signal the Government’s commitment to...

TPR issues superfund guidance for prospective ceding trustees and employers

Introduction On 21 October 2020, TPR published guidance for trustees and employers contemplating a transfer to a DB consolidator superfund (or other new model). The guidance sets out TPR’s approach to regulating such transfers, and its...

Master trust briefing – October 2020

Our Master trust briefing (PDF) highlights key issues and developments for the sponsors and trustees of master trusts. In this briefing: Regulatory update Implementation statements Default funds in master trusts: key challenges Government...