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.
Background On 14 November 2024, the DWP issued a consultation on reforms to the DC pension market to build scale and put savers first. In this response General comments Responses to specific consultation questions We welcome the...
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...
Background In September 2020, in the consultation Improving outcomes for members of defined contribution schemes, the government set out that while consolidation is, to some degree, already happening, the rate at which this is occurring is...
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...
Introduction On 21 October 2020, TPR published guidance for trustees and employers contemplating a transfer to a DB consolidator superfund (or other new model). The guidance sets out TPR’s approach to regulating such transfers, and its...
Introduction On 11 September 2020, the DWP published its response to the February 2019 consultation, “Investment Innovation and Future Consolidation” (“the 2019 Consultation”). The response includes a further consultation on...
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...
Introduction On 18 June 2020, TPR launched a new interim regulatory regime for DB consolidator superfunds (and other new models), pending the establishment of a full legislative framework. The new guidance, which came into effect...
On 7 December 2018, the DWP published its latest consultation promised by this year’s White Paper (see our Alert), setting out its proposals for a new legislative framework for authorising and regulating DB “superfund” consolidation...
