Year: 2021

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

TPR’s approach to the investigation and prosecution of the new criminal offences – Sackers’ response to consultation

Background The following two new criminal offences are being introduced by section 107 of the Pension Schemes Act 2021 (as new sections 58A and 58B respectively of the Pensions Act 2004): avoidance of employer debt, and conduct risking...

Corporate briefing – April 2021

Our Sackers Corporate briefing (PDF) takes a look at the latest developments in pensions for employers and corporate investors. In this briefing TPR’s new powers Our recent experience of the risk transfer market and some tips for...

Pensions & investment litigation briefing – April 2021

The Pensions & investment litigation briefing (PDF) reviews recent case law and examines the practical lessons for trustees and employers. In this briefing Pension Schemes Act 2021 – TPR’s new powers TPO: spotlight on transfers PIL...

Key April dates and issues for your diary

Introduction Whilst we have been living through an unprecedented year, as usual the start of April heralds a number of changes for pensions. Click here for a PDF of this Alert. In this Alert Key dates Off-payroll working – rule changes...

Call for evidence on consideration of social risks and opportunities by occupational pension schemes

Introduction On 24 March 2021, the DWP published a call for evidence seeking views on how pension scheme trustees understand social factors, and how they are included in their environmental, social, and governance (“ESG”) policies....

ESG and climate change for pension funds – A guide to trustee disclosures from 2021

Welcome to our latest guide for pension trustees on ESG investment and climate change. We said in our 2020 guide that nothing stands still in the world of ESG, and that remains as true as ever in 2021. This will be our fifth guide for...

Incorporating performance fees within the DC charge cap

Introduction Further to an announcement in this year’s Budget (see our Alert), on 19 March 2021, the DWP issued a consultation on proposed measures to allow occupational DC schemes to smooth performance fees within the charge cap, and a...

TPR issues consultation on draft single code of practice

Introduction First announced in 2019 (see 7 Days), TPR published the consultation on its draft code of practice on 17 March 2021. Calling for industry views on its efforts to create “a clearer, more accessible single code of practice”,...

TPR consults on new criminal sanctions policy

Introduction TPR today published a consultation, which closes on 22 April 2021, on its proposed policy approach towards investigating and prosecuting two new criminal offences being introduced under the Pension Schemes Act 2021: avoidance...