Type: Consultation Responses

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Pension scams: Empowering trustees and protecting members – Sackers’ response to consultation

Background The DWP is consulting on draft regulations intended to deliver on the provisions set out in section 125 of the Pension Schemes Act 2021 in relation to pension transfers to and from both occupational and personal pension schemes....

TPR’s approach to the investigation and prosecution of the new criminal offences – Sackers’ response to consultation

Background The following two new criminal offences are being introduced by section 107 of the Pension Schemes Act 2021 (as new sections 58A and 58B respectively of the Pensions Act 2004): avoidance of employer debt, and conduct risking...

Improving outcomes for members of DC schemes – Sackers’ response to consultation

Background The DWP is consulting on changes to regulations and statutory guidance which are intended to improve DC pension scheme governance, promote the diversification of investment portfolios and signal the Government’s commitment to...

Taking action on climate risk: improving governance and reporting by occupational pension schemes – Sackers’ response to consultation

Background The DWP is consulting on changes to occupational pension schemes’ governance of and reporting on climate change. The proposals would require schemes to assess and manage climate risks and opportunities, and to publish a...

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 first part of the consultation, which considers: TPR’s proposed...

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 and transparency measures in protecting pension member outcomes (“the...

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 held to have shortcomings, and the UKSA has recommended changes to it,...

Simpler annual benefit statements – Sackers’ response to consultation

Background The DWP is consulting on options for the policy approach to the content and presentation of information provided to members through their annual workplace pension benefit statements, including the presentation of information on...

The Pensions Ombudsman: dispute resolution and jurisdiction

Background The DWP is consulting on measures to make new provisions for dispute resolution by The Pensions Ombudsman (TPO). The consultation seeks views on measures to: make new provision for dispute resolution by TPO, in particular a...