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Quarterly briefing – September 2024

The Sackers Quarterly Briefing Q3 2024 highlights significant developments in pensions, covering key areas such as pensions reform, regulatory developments, new...

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 mone...

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 mil...

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...

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...

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” (...

WEBINAR : Sackers Quarterly Legal Update – 18 July 2024

Claire Carey provides an essential overview of significant developments affecting occupational pension provision in the UK, which includes taking a look at what...

General Code Corner – Internal Dispute Resolution Procedure (IDRP)

An IDRP is part of a scheme’s core governing policies. However, is your scheme’s policy compliant with the statutory and General Code requirements? Most occupat...

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