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.
Following on from my August 2021 blog post on the DWP’s plans to introduce simpler annual benefit statements, we have now had some time to digest the DWP’s response in October to its consultation and the finalised Regulations, which...
Earlier this year the Pension Schemes Act 2021 provided the long awaited statutory framework for Collective Money Purchase (“CMP”) schemes, commonly referred to as Collective Defined Contribution (or “CDC”) in the UK. This was...
Introduction On 19 October 2021, the DWP published its response to the consultation on proposed regulations and statutory guidance to introduce simpler annual statements for members of DC auto-enrolment schemes. Final regulations (“the...
Earlier this year, the Department of Work and Pensions (the “DWP”) published a consultation on draft regulations introducing new standard requirements for annual workplace pension benefit statements for members (excluding pensioners)...
Introduction On 19 July 2021, the DWP published a consultation seeking views on the draft Occupational Pension Schemes (Collective Money Purchase Schemes) Regulations 2021 (“the Regulations”) and associated consequential changes that...
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...
The Government is “determined” to address the growth in the number of deferred small pots (of less than £1,000) and the impact this has on the consumer. In December 2020, the Small Pots Working Group Report (“the Report”) set out...
