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 is “determined” to address the growth in the number of deferred small pots (of less than £1,000) and the impact this has on the consumer. In December 2020, the Small Pots Working Group Report (“the Report”) set out...
In recent years there has been a lot of discussion about consolidation of DB pension schemes. Drivers for consolidation include improving security of member benefits reducing the cost of running DB schemes, and managing governance and risk...
For many employers, the attraction of a DC scheme is that their responsibility starts and ends with making the right contributions. This is particularly the case where the employer uses a group personal pension (“GPP”) or a master...
Introduction On 17 April 2020, TPR published DC pension contributions: COVID-19 technical guidance for large employers (“the Guidance”). This was updated on 15 June to reflect changes to the Coronavirus Job Retention Scheme’s (“the...
HMRC’s guidance on its Coronavirus Job Retention Scheme (“the CJRS”) has been updated at various stages to reflect changes to the scheme’s conditions, duration and levels of grant (see “The CJRS – in brief” below)....
Introduction TPR’s annual funding statement (published on 30 April 2020) acknowledges that these are very challenging times for many businesses (see our Alert). Employers will be relieved to see an emphasis on trustees and employers...
The current global coronavirus pandemic is forcing trustees and their advisers to work remotely on a scale never seen before. All parties have had to rapidly adapt their processes in order to ensure the continuation of business as usual....
The impact of COVID-19 is widespread and significant, presenting challenges for trustees and employers in relation to members’ benefits. There is clearly the potential for a spike in member complaints as a result of the current...
