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

Occupational and Personal Pension Schemes and the Pension Protection Fund (Miscellaneous Amendments) Regulations 2016

Background The DWP’s consultation on the draft Occupational and Personal Pension Schemes and the Pension Protection Fund (Miscellaneous Amendments) Regulations 2016 was published on 23 November 2015. It seeks views on a number of...

Developing a Retirement Quality Mark

Background The Board of the Pension Quality Mark (PQM) launched a consultation in November 2015 on its proposed new Mark, the Retirement Quality Mark (RQM). The existing PQM is focused on the accumulation phase of retirement saving, with...

Creating a secondary annuity market: response to the call for evidence

Introduction As part of the March 2015 Budget, the Government announced its desire to extend the retirement flexibilities to annuity holders (see our Alert), publishing a consultation calling for evidence on creating a secondary annuity...

Draft Finance Bill 2016 – any tidings of comfort and joy?

Introduction On 9 December 2015, the Government published draft clauses for the Finance Bill 2016 (“the Bill”) for consultation, with a view to introducing a number of provisions that were announced by the Chancellor in the Summer...

Finance (No.2) Act 2015

Introduction The Finance (No. 2) Bill 2015 (“the Bill”) received Royal Assent on 18 November 2015 and is now known as the Finance (No. 2) Act 2015 (“the Act”). The Act, which introduces a number of provisions that were announced by...

Pension transfers and early exit charges: consultation

Introduction The Government issued a consultation on 30 July 2015, seeking views on options to address possible barriers to people switching their pensions to access the new DC freedoms including, excessive early exit penalties, the...

Abolition of DB contracting-out: Countdown to April 2016

Introduction Alongside the introduction of a new single tier state pension, contracting-out on a DB basis will come to an end with effect from 6 April 2016.  In preparation for this, regulations to preserve certain contracted-out rights...