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.
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...
The Government is engaged in a concerted policy drive on productive finance and aims to make illiquid investment more accessible to DC schemes. Our latest Hot Topic looks at some of the challenges associated with introducing illiquid...
TPR’s new general code of practice is expected to come into force in late March 2024 and contains a new module on cyber controls. With some recent high profile cyber-attacks in the pensions industry, this is a good opportunity for...
The Economic Crime and Corporate Transparency Act (“ECCTA”) received Royal Assent on 26 October 2023. Among other changes, the Act will introduce reforms to the corporate registration framework in the UK. In this Hot Topic:...
TPR’s new single code of practice (the “Code”) is expected to be published in spring 2023. Although we are still waiting to see what the final Code looks like, there are steps trustees can take now to prepare. Read our hot topic...
