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

Reclassifying DC benefits – Sackers’ response to consultation

Background The DWP’s consultation on the draft Regulations that provide transitional, supplementary and consequential measures supporting the commencement of section 29 of the Pensions Act 2011 seeks views on the Government’s...

The Government redefines its ambition

Introduction On 7 November 2013, the DWP unveiled its plans for “Reshaping workplace pensions for future generations”.  The consultation, which follows the DWP’s November 2012 paper on Reinvigorating workplace pensions (see...

Response to consultation on disclosure

Introduction The DWP has published its response to the consultation on the disclosure requirements for occupational and personal pension schemes. In this Alert: Key points  Background Response to consultation Principles based...

Lifetime Allowance – the Government consults on individual protection

Introduction With the LTA set to reduce to £1.25 million in 2014, the Government has published proposals for new protections aimed at giving individuals who have built up pension savings based on the current LTA “greater...

Revised codes and guidance on late payment of contributions

Introduction Following a consultation in autumn 2012,1 TPR has published revised codes and guidance on reporting late payment of contributions to occupational DC (no.5) and personal (no.6) pension schemes (together the...

Budget 2012: the pensions story

Introduction After much speculation that pensions tax relief would again be hit, the 2012 Budget may come as some relief to the industry. In this Alert: Key points State Pension Investment Taxation of pensions Key points SPA will be...

Consultation on Early Access to Pension Savings: Sackers’ Response

Background We are concerned that HMT’s consultation on “Early access to pension savings”, published in December 2010, is unduly negative towards the idea of allowing early access to pensions savings. As the consultation makes...