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

Quarterly briefing – September 2020

Contents The Sackers Quarterly Briefing Q3 2020 highlights significant developments in pensions, covering key areas such as pensions reform, regulatory developments, new legislation and cases. Coronavirus TPR issues updates on easements...

DC briefing – August 2020

The DC briefing (PDF) highlights topical news on DC pensions from a legal viewpoint. In this briefing: Default fund charge cap under review VfM assessments and IGCs PLSA chair’s statement template – not a one size fits all Regulatory...

Corporate briefing – July 2020

Contents Our Sackers Corporate briefing (PDF) takes a look at the latest developments in pensions for employers and corporate investors. In this briefing: Scheme funding – what employers need to know Employers under strain – pensions...

DB Hot topic: DB superfunds – what trustees need to know

In recent years there has been a lot of discussion about consolidation of DB pension schemes. Drivers for consolidation include improving security of member benefits reducing the cost of running DB schemes, and managing governance and risk...

Corporate Insolvency and Governance Act 2020 – the pensions implications

Introduction Expedited as a result of the COVID-19 pandemic, the Corporate Insolvency and Governance Act 2020 (“the Act”) received Royal Assent on 25 June 2020. The Act is designed to provide businesses in financial difficulties with...

Are DC schemes really “no strings attached” for employers?

For many employers, the attraction of a DC scheme is that their responsibility starts and ends with making the right contributions. This is particularly the case where the employer uses a group personal pension (“GPP”) or a master...

Review of default charge cap and cost disclosure

Introduction On 25 June 2020, the DWP published a call for evidence seeking views on the effectiveness of costs, charges and transparency measures in protecting pension member outcomes (“the Call for Evidence”). This Call for Evidence,...

Furloughing – pension contributions and salary sacrifice

Introduction On 17 April 2020, TPR published DC pension contributions: COVID-19 technical guidance for large employers (“the Guidance”). This was updated on 15 June to reflect changes to the Coronavirus Job Retention Scheme’s (“the...