News

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.

Latest News

Abolishing the LTA – will this open the door for bulk GMP conversion?

While I very much doubt that Jeremy Hunt considered the impact of abolishing the LTA on GMP equalisation and conversion, the ramifications of the recent Budget announcement could be fairly significant for GMP equalisation exercises and...

The DC deluge

Introduction With all eyes on the possible publication of the single code, on 30 January 2023 the DWP published a package of documents including one consultation response (on broadening investment opportunities), statutory guidance (on...

Response to consultation on improving outcomes for members of DC schemes and new call for evidence

Introduction On 21 June 2021, the DWP issued its response to two consultations, together with a new call for evidence on “the future of the DC pension market: the case for greater consolidation” in the UK. The response addresses both...

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...

Review of default charge cap and cost disclosure

Introduction On 25 June 2020, the DWP published a call for evidence seeking views on the effectiveness of costs, charges and transparency measures in protecting pension member outcomes (“the Call for Evidence”). This Call for Evidence,...

Consultation outcome – Improving disclosure of costs, charges and investments

Introduction On 26 February 2018, the DWP published the response to its consultation on the disclosure of costs, charges and investments in DC occupational schemes, together with a link to the final regulations. Click here for a PDF of...

FCA publishes Policy Statement on transaction cost disclosure in workplace pensions

Introduction On 20 September 2017 the FCA published Policy Statement 17/20, on “Transaction cost disclosure in workplace pensions”. Click here for a PDF version of this Alert. In this Alert Key points Background Facilitating the...