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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Consultation — Improving outcomes for members of DC schemes

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...

Consultation on the defined benefit funding code of practice – Sackers’ response to consultation

Background The Pensions Regulator (“TPR”) is consulting on a revised defined benefit (“DB”) funding code of practice in two parts. This response relates to the first part of the consultation, which considers: TPR’s proposed...

Consultation: taking action on climate risk

Introduction On 26 August 2020, the DWP published a consultation on pension schemes’ governance and reporting on climate change. Initially, the proposed changes will be targeted at larger schemes, which will need to comply from October...

Review of the Default Fund Charge Cap and Standardised Cost Disclosure – Sackers’ response to consultation

Background This response relates to the Department for Work & Pension’s (“the DWP”) call for evidence, seeking views on the effectiveness of costs, charges and transparency measures in protecting pension member outcomes (“the...

Consultation on the Reform to Retail Prices Index Methodology – Sackers’ response to consultation

Background The UK Statistics Authority (“UKSA”) and HMT are jointly consulting on reforming the methodology of the Retail Prices Index (“RPI”).  RPI has been held to have shortcomings, and the UKSA has recommended changes to it,...

Simpler annual benefit statements – Sackers’ response to consultation

Background The DWP is consulting on options for the policy approach to the content and presentation of information provided to members through their annual workplace pension benefit statements, including the presentation of information on...

Consultation: delivering CDC schemes

Introduction On 6 November 2018, the DWP published its consultation on “Delivering collective defined contribution pension schemes”. Click here for a PDF of this Alert. In this Alert Key points History of CDC What is a CDC scheme? New...

The 2019/20 PPF levy consultation

Introduction The PPF has published a consultation and draft levy rules which set out the basis on which it intends to charge the pension protection levy for the 2019/20 levy year. Click here for a PDF of this Alert. In this Alert Key...