Type: Consultation Responses

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.

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Joint consultation on detailed rules for a new VFM Framework

Background On 8 January 2026, the FCA, the DWP and TPR published a joint consultation on detailed proposals for the new value for money (“VFM”) framework for DC schemes (the “Framework”). TPR has also published an overview of the...

DWP consultation on “Trustees and governance, building a stronger future”

Background On 15 December 2025, the DWP published a consultation on trustees and governance in trust-based pension schemes. This consultation builds on the 2023 call for evidence, to which we also responded. In this response General...

TPR consultation on extending the CDC code of practice

Background On 19 December 2025, TPR published a consultation on a revised draft code of practice for CDC schemes. It is designed to replace the existing code applicable to single and connected employer CDC schemes in order to cater for...

DWP consultation on creating “Retirement CDC schemes”

Background On 23 October 2025, DWP published a consultation seeking views on policy proposals for the creation of a new type of Collective Defined Contribution (“CDC”) scheme, which is to be used only by pensioner members – a...

HMRC inheritance tax proposals: Sackers’ comments on draft legislation

Background HMRC has published draft legislation to bring most death benefits and unused pension pots within the scope of inheritance tax (“IHT”), and has asked for comments by 15 September 2025. In this response General comments...

Supporting consumers’ pensions and investment decisions: proposals for targeted support

Background On 30 June 2025, the FCA published a consultation on its proposed regulatory framework for “targeted support”.  The consultation also sets out the FCA’s “early thinking and its direction of travel” on simplified...

Advice Guidance Boundary Review – proposed targeted support reforms for Pensions

Background On 12 December 2024, the FCA published a consultation on proposals for “targeted support” in pensions, as part of the wider Advice Guidance Boundary Review being undertaken by the FCA and the Government. General comments We...

HMRC technical consultation – Inheritance Tax on pensions: liability, reporting and payment

Background The HMRC has issued a technical consultation on Inheritance Tax (“IHT”) on pensions: liability, reporting and payment. In this response Responses to specific consultation questions and related comments Responses to specific...