Archives: Publications

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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Key April dates and issues for your diary

Introduction Whilst we have been living through an unprecedented year, as usual the start of April heralds a number of changes for pensions. Click here for a PDF of this Alert. In this Alert Key dates Off-payroll working – rule changes...

Call for evidence on consideration of social risks and opportunities by occupational pension schemes

Introduction On 24 March 2021, the DWP published a call for evidence seeking views on how pension scheme trustees understand social factors, and how they are included in their environmental, social, and governance (“ESG”) policies....

ESG and climate change for pension funds – A guide to trustee disclosures from 2021

Welcome to our latest guide for pension trustees on ESG investment and climate change. We said in our 2020 guide that nothing stands still in the world of ESG, and that remains as true as ever in 2021. This will be our fifth guide for...

Incorporating performance fees within the DC charge cap

Introduction Further to an announcement in this year’s Budget (see our Alert), on 19 March 2021, the DWP issued a consultation on proposed measures to allow occupational DC schemes to smooth performance fees within the charge cap, and a...

TPR issues consultation on draft single code of practice

Introduction First announced in 2019 (see 7 Days), TPR published the consultation on its draft code of practice on 17 March 2021. Calling for industry views on its efforts to create “a clearer, more accessible single code of practice”,...

TPR consults on new criminal sanctions policy

Introduction TPR today published a consultation, which closes on 22 April 2021, on its proposed policy approach towards investigating and prosecuting two new criminal offences being introduced under the Pension Schemes Act 2021: avoidance...

DC briefing – March 2021

The DC briefing (PDF) highlights topical news on DC pensions from a legal viewpoint. In this briefing: Pension Schemes Act 2021 and DC schemes Costs and charges update Chair’s annual statement review Transfers from property funds 2021 at...

Budget Day 2021

Introduction Rishi Sunak delivered his much trailed second Budget today. Much of his focus was of course on helping the economy bounce back in these “unprecedented” times, by protecting jobs and livelihoods. Measures designed to...

PASA publishes GMP equalisation tax guidance

Introduction The latest addition to PASA’s suite of GMP equalisation guidance notes was published yesterday, the highly anticipated tax guidance (“the Guidance”). Click here for a PDF of this Alert. In this Alert Key points...