Tag: Consultation

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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New contribution notices under PSA21 – TPR consults on code of practice changes

Introduction On 27 May 2021, TPR published a consultation on draft changes to Code of Practice 12 (to be titled “Contribution Notices: Circumstances in relation to the material detriment test, the employer insolvency test and the...

Simpler annual statements – consultation on draft regulations

Introduction On 17 May 2021, the DWP published a consultation on draft regulations (“the Regulations”) and accompanying draft statutory guidance which will introduce new standard requirements for the length and format of annual...

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....

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...

Consultation on climate change regulations and guidance

Introduction On 27 January 2021, the DWP published its response to the August 2020 consultation, “Taking action on climate risk: improving governance and reporting by Occupational Pension Schemes” (see our Alert), together with a...

Improving outcomes for members of DC schemes – Sackers’ response to consultation

Background The DWP is consulting on changes to regulations and statutory guidance which are intended to improve DC pension scheme governance, promote the diversification of investment portfolios and signal the Government’s commitment to...

Taking action on climate risk: improving governance and reporting by occupational pension schemes – Sackers’ response to consultation

Background The DWP is consulting on changes to occupational pension schemes’ governance of and reporting on climate change. The proposals would require schemes to assess and manage climate risks and opportunities, and to publish a...