Type: Alerts

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

DWP responds to consultation on trustees and governance

Introduction On 10 November 2026, the DWP responded to its 2025 consultation, announcing a package of “proportionate” measures to strengthen governance in trust-based pension schemes. Click here for a PDF of this Alert. In this Alert...

DWP publishes draft guidance on trustees’ fiduciary duties

Introduction On 5 November 2026, the DWP published draft guidance on “Pension fund investment: fiduciary and related duties of trustees” (the “Guidance”). The consultation will run until 28 January 2027. The Guidance aims...

DWP consults on guided retirement policy and retirement collective pension schemes

Introduction On 3 November 2026, the DWP published a consultation on its guided retirement policy proposals for both contract-based and trust-based schemes, alongside its response to its 2025 consultation and a consultation on draft...

TPR publishes new AI guidance

Introduction On 29 October 2026, TPR published new guidance (the “Guidance”) encouraging trustees of pension schemes to explore how AI could “deliver better member outcomes while understanding and managing risks”. Click here for a...

DWP launches consultation on consolidation of small DC pots

Introduction The DWP published a consultation on 15 September 2026 setting out its proposals for the automatic consolidation of deferred small pots through the establishment of multiple consolidator schemes. This is intended to help tackle...

Making sharing surplus easier – new authorised member payments

Introduction Building on the DWP’s June consultation on new conditions for releasing surplus from an ongoing DB scheme, on 13 July 2026,  HMRC published draft legislation (together with a policy paper) designed to introduce new...

Joint consultation on detailed VFM proposals published

Introduction Setting out a “detailed proposed approach” to VFM, the DWP published a consultation on 13 July 2026, along with draft regulations and draft FCA rules. Click here for a PDF of this Alert. In this Alert Key points Background...

DWP consults on conditions for surplus release

Introduction On 10 June 2026, the DWP published a consultation on the draft Occupational Pension Schemes (Payments to Employer) Regulations 2027 (“the Regulations”), as well as an illustrative surplus journey highlighting the typical...