Year: 2024

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

FCA consults on the new value for money framework

Introduction Building on its work in tandem with the DWP and TPR, the FCA today published a consultation on detailed rules and guidance for a new value for money (“VFM”) framework. Click here for a PDF of this Alert. In this Alert Key...

7 Days – 5 August 2024

7 Days is a weekly round up of developments in pensions, normally published on Monday afternoons. We collate this information from key industry sources, such as the DWP, HMRC and TPR. In this 7 Days TPR reports on ESG compliance TPO...

New DB funding code laid in Parliament

Introduction After months of speculation, the final draft DB funding code (“the Code”) was laid before Parliament today, with TPR hailing it as “a key milestone in delivering the significant package of work to improve the...

7 Days – 29 July 2024

7 Days is a weekly round up of developments in pensions, normally published on Monday afternoons. We collate this information from key industry sources, such as the DWP, HMRC and TPR. In this 7 Days New DB funding code laid in Parliament...

Court of Appeal upholds High Court’s Virgin Media decision on failure to obtain a s37 confirmation

Introduction On 25 July 2024, in the case Virgin Media v NTL Pension Trustees II Limited (and others), the Court of Appeal upheld the High Court’s 2023 decision on the correct interpretation of historic legislation governing the...

7 Days – 22 July 2024

7 Days is a weekly round up of developments in pensions, normally published on Monday afternoons. We collate this information from key industry sources, such as the DWP, HMRC and TPR. In this 7 Days Pension Schemes Bill announced in the...

PSIG consultation: evolution or extinction?

Background On 1 May 2024, the Pensions Scams Industry Group (“PSIG”) issued a consultation to determine the future of the organisation. In this response General comments Responses to specific consultation questions General comments...

Pensions tax – transitional tax-free amount certificates

6 April 2024 (“LTA-Day”) marked the end of the LTA and the debut of two new tax-free lump sum allowances: the “lump sum allowance” (“LSA”) and the “lump sum and death benefit allowance”...

7 Days – 15 July 2024

7 Days is a weekly round up of developments in pensions, normally published on Monday afternoons. We collate this information from key industry sources, such as the DWP, HMRC and TPR. In this 7 Days Changes to the DC scheme return for 2024...