News

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...

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...

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...

TPR publishes annual funding statement 2024

Introduction TPR’s latest annual funding statement was published on 24 April 2024. With the majority of schemes estimated to have improved funding positions, and in light of the Mansion House reforms announced in the year since the last...

LTA-Day – certain members may wish to consider delaying transfers or taking benefits

Introduction Ahead of the LTA’s removal on 6 April 2024 (“LTA-Day”), HMRC’s latest newsletter was published on 4 April 2024 (“Newsletter 158”). Crucially, HMRC states that certain members may wish to delay transferring or...

April 2024 – what’s changing?

Introduction Several changes are coming into effect on and around 6 April 2024 and beyond. Where necessary, trustees and employers should seek advice on what those changes mean for their schemes and on any preparatory steps they should be...

Pensions dashboards – DWP publishes connection guidance

Introduction The DWP published its Pensions dashboards: guidance on connection on 25 March 2024 (“the Guidance”). The Guidance sets out a staged timetable for occupational pension schemes and personal and stakeholder pension providers...