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.
Administering occupational pension schemes is a tough gig. The past few months have seen a steady stream of new legislation which has meant administrators have had to make significant changes to their processes, systems and documentation...
The Pensions Regulator (TPR) consulted earlier this year on its proposed new single code of practice (the Code). The Code is to combine 10 of TPR’s existing 15 codes of practice into an updated and online format, and with content that...
Background TPR is consulting on changes to its Code of Practice 12 (“the Code”) and the accompanying code-related guidance in relation to two new tests for imposing a Contribution Notice (“CN”). The new tests, the employer...
On 30 March 2021 the Financial Conduct Authority (FCA) and the Pensions Regulator (TPR) issued updated joint guidance for employers and trustees on “providing support with financial matters without needing to be subject to FCA...
Background The following two new criminal offences are being introduced by section 107 of the Pension Schemes Act 2021 (as new sections 58A and 58B respectively of the Pensions Act 2004): avoidance of employer debt, and conduct risking...
Introduction TPR today published a consultation, which closes on 22 April 2021, on its proposed policy approach towards investigating and prosecuting two new criminal offences being introduced under the Pension Schemes Act 2021: avoidance...
So, the much discussed Pension Schemes Bill has finally received Royal Assent and we will now start to see the Pensions Regulator’s (TPR) new powers in practice. Or will we? In the past, TPR has been criticised for using its powers...
For those wanting to get a good overview of the Pension Schemes Bill 2019 – 2021, you could do a lot worse than read the briefing paper published in the House of Commons Library. If you managed to make it to page 32, you would see that...
Over the last few months, TPR has granted a raft of temporary easements in order to support employers and trustees through “these challenging times” and let them concentrate on the immediate risks the pandemic posed to their schemes. A...
