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.
Back in 2018, Mr Justice Morgan held in Lloyds No.1 that schemes are under a duty to equalise for the effect of GMPs. More recently, with Mr Justice Morgan once again at the helm, the High Court concluded in Lloyds No.3 that, in certain...
Background The DWP is consulting on the policy around the implementation of a threshold (or de minimis) below which the flat fee element of the combination charge used by pension providers cannot be charged to members. It is also seeking...
Introduction The latest addition to PASA’s suite of GMP equalisation guidance was published on 9 July 2021, the eagerly awaited GMP conversion guidance (“the Guidance”). The Guidance “provides examples of how GMP conversion is...
Background The Pensions Dashboards Programme (“PDP”) has issued a call for input on staging, which outlines the proposals for the order and timing of when data providers (including occupational schemes) will connect to the pensions...
Background TPR is consulting on changes to its Code of Practice 12 (“the Code”) and the accompanying code-related guidance in relation to two new tests for imposing a Contribution Notice (“CN”). The new tests, the employer...
Background The DWP is consulting on the draft Occupational and Personal Pension Schemes (Disclosure of Information) (Amendment) Regulations 2022 and associated draft statutory guidance (which includes an illustrative template). Together,...
Introduction On 21 June 2021, the DWP issued its response to two consultations, together with a new call for evidence on “the future of the DC pension market: the case for greater consolidation” in the UK. The response addresses both...
Introduction On 18 June 2021, the High Court handed down its judgment in the Axminster Carpets case. With Mr Justice Morgan once again at the helm, the case helps clarify the arrears and limitations aspects of Lloyds No.1. Click here for a...
