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.
New regulations (with accompanying regulatory guidance from TPR) came into force on 30 November introducing significant changes to the statutory transfer regime, to empower trustees to halt suspicious transfers. Whilst administration is...
New regulations came into force on 30 November introducing significant changes to the statutory transfer regime. Whilst administration is clearly important to the transfer process, this isn’t just an admin issue and trustees will need to...
Introduction On 8 November 2021, regulations designed to protect savers against pension scams were laid before Parliament, alongside new TPR guidance to help guide trustees, pension managers and administrators through the new requirements....
Introduction The latest addition to PASA’s suite of GMP equalisation guidance was published today (“the Guidance”). Aimed at finding “a pragmatic approach to equalising historical transfers”, the Guidance builds on the High...
Introduction Over two years on from its original decision, on 20 November 2020, the High Court handed down its judgment in the latest instalment of the Lloyds saga. It addresses the impact of the need to equalise for the effect of GMPs on...
Introduction Recognising that the current legislation’s drafting is causing problems in practice, the DWP has issued a consultation to seek views on draft regulations (“the Regulations”) to simplify requirements for DC to DC bulk...
Background The DWP has called for evidence on how the current provisions on the bulk transfer of defined contribution pensions without member consent, in particular from occupational and stakeholder pension schemes, could be improved. In...
