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.
As part of its Autumn Budget 2025, the Government confirmed that tax legislation would be amended to treat surplus payments from ongoing DB schemes to members (or to a dependant after their death) as authorised. Certain conditions will...
Sackers today commented on the DWP consultation on DB surplus flexibilities “Unlocking Value for Employers and Scheme Members”. From 6 April 2027, trustees of ongoing DB schemes will have new powers to release surplus. As a result,...
Dan Traynor, associate, comments on the clarity needed on cohabitation and sharing of future pension benefits. The lack of an agreed start date for cohabitation may make it difficult to distinguish between matrimonial and non-matrimonial...
Collective defined contribution (CDC) is gathering momentum. The authorisation window for multi-employer CDC schemes opened this month and we expect several multi-employer CDC schemes live by mid-2027. Retirement CDC (R-CDC) is also moving...
Helen Ball, partner, comments: “An exciting new chapter of CDC begins on 31 July. Regulations will come into force enabling multi-employer schemes for unconnected employers to become authorised. This will open up CDC to a much broader...
Georgina Jones, partner, comments: “We welcome the DWP’s efforts to refine the transfer regulations and make the process work more effectively for pension savers while maintaining important protections against scams. While the...
Confidence that Collective Defined Contribution (CDC) pension schemes will become widely adopted remains low, despite growing political and regulatory momentum, according to a new webinar survey by Sackers. Polling conducted during a...
Janet Brown, partner, comments: “Hot on the heels of the DWP’s consultation on new regulations for releasing surplus from ongoing DB schemes (issued 10 June), HMRC has joined the summer of surplus consultation party, issuing its own...
