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

DC briefing – October 2020

The DC briefing (PDF) highlights topical news on DC pensions from a legal viewpoint. In this briefing: Improving outcomes for members of DC pension schemes Regulatory update Taking action on climate risk Moves to master trusts increase...

Taking action on climate risk: improving governance and reporting by occupational pension schemes – Sackers’ response to consultation

Background The DWP is consulting on changes to occupational pension schemes’ governance of and reporting on climate change. The proposals would require schemes to assess and manage climate risks and opportunities, and to publish a...

Consultation — Improving outcomes for members of DC schemes

Introduction On 11 September 2020, the DWP published its response to the February 2019 consultation, “Investment Innovation and Future Consolidation” (“the 2019 Consultation”). The response includes a further consultation on...

Consultation on the defined benefit funding code of practice – Sackers’ response to consultation

Background The Pensions Regulator (“TPR”) is consulting on a revised defined benefit (“DB”) funding code of practice in two parts. This response relates to the first part of the consultation, which considers: TPR’s proposed...

Consultation: taking action on climate risk

Introduction On 26 August 2020, the DWP published a consultation on pension schemes’ governance and reporting on climate change. Initially, the proposed changes will be targeted at larger schemes, which will need to comply from October...

Review of the Default Fund Charge Cap and Standardised Cost Disclosure – Sackers’ response to consultation

Background This response relates to the Department for Work & Pension’s (“the DWP”) call for evidence, seeking views on the effectiveness of costs, charges and transparency measures in protecting pension member outcomes (“the...

Consultation on the Reform to Retail Prices Index Methodology – Sackers’ response to consultation

Background The UK Statistics Authority (“UKSA”) and HMT are jointly consulting on reforming the methodology of the Retail Prices Index (“RPI”).  RPI has been held to have shortcomings, and the UKSA has recommended changes to it,...

Finance & investment briefing – September 2020

Our Finance & investment briefing (PDF) takes a look at current issues of interest to pension scheme investors. In this briefing: Implementation statements – start preparations! Legal...