Implementation Statements – what do trustees need to do and by when?

All occupational pension schemes must prepare an annual report and accounts within seven months of the end of each “scheme year”. However, on and from 1 October...

Consultation — Improving outcomes for members of DC schemes

Introduction On 11 September 2020, the DWP published its response to the February 2019 consultation, “Investment Innovation and Future Consolidation” (“the 2019...

Buy-ins, buy-outs and longevity solutions 2020

Practical overviews of topical pensions issues, including checklists, action plans and timelines. Our guides cover risk transfer, ESG and climate change, GMP eq...

Robust trustee decision-making in these difficult times

Consultation on the defined benefit funding code of practice – Sackers’ response to consultation

Background The Pensions Regulator (“TPR”) is consulting on a revised defined benefit (“DB”) funding code of practice in two parts. This response relates to the...

Consultation: taking action on climate risk

Introduction On 26 August 2020, the DWP published a consultation on pension schemes’ governance and reporting on climate change. Initially, the proposed changes...

Review of the Default Fund Charge Cap and Standardised Cost Disclosure – Sackers’ response to consultation

Background This response relates to the Department for Work & Pension’s (“the DWP”) call for evidence, seeking views on the effectiveness of costs, charges...

Consultation on the Reform to Retail Prices Index Methodology – Sackers’ response to consultation

Background The UK Statistics Authority (“UKSA”) and HMT are jointly consulting on reforming the methodology of the Retail Prices Index (“RPI”).  RPI has been he...