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.
The Government has unveiled proposals aimed at making it easier for individuals to keep track of and consolidate their pension savings. In this hot topic, we look at the key aspects of the proposed multiple consolidator system and the...
The first cohort of schemes are due to connect to the dashboards ecosystem by 30 April 2025. Other schemes will then have to follow soon after, in line with a staged timetable set out in the DWP’s connection guidance, ahead of the...
The Economic Crime and Corporate Transparency Act 2023 introduces reforms to the corporate registration framework in the UK. This includes new requirements for company directors and other individuals to verify their identity. In this Hot...
On 28 January 2025, HM Treasury announced plans to lift restrictions on how well-funded, occupational DB schemes that are “performing well” will be able to invest their surplus funds. A response to the DWP’s February 2024...
There is currently no statutory resolution framework for UK insurers, similar to the UK framework for banks. HM Treasury is therefore increasingly concerned that existing processes available to assist struggling insurers are insufficient...
Building on “significant appetite from industry”, the DWP has published a consultation on extending the CDC framework to enable whole-life unconnected multiple employer CDC schemes, including master trusts. This Hot Topic sets...
With the new DB funding regime now in force (albeit with some detail still missing), in this Hot Topic we summarise the new requirements and set out key actions for trustees and employers. In this Hot Topic: The main headlines What’s...
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” (“LSA”) and the “lump sum and death benefit allowance”...
The Finance Act 2024 paves the way for the LTA’s demise from 6 April 2024. But this brings with it a number of complications, the key one being where to draw the dividing line between tax-free lump sums and taxed lump sums. This Hot...
