Tag: Transfers

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.

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Stronger Nudge to pensions guidance

Introduction On 17 January 2022, the DWP published its response to the July 2021 consultation, together with final regulations, on proposals to implement a “Stronger Nudge” to pensions guidance. Click here for a PDF of this Alert. In...

Transfers – top tips for trustees

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...

Are you ready? The new statutory transfer regime

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...

Combatting pension scams – new conditions on transfers

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....

GMP equalisation and past transfers out – the High Court decides

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...

The draft Contracting-out (Transfer and Transfer Payment) (Amendment) Regulations 2018 – Sackers’ response to consultation

Background The DWP is consulting on draft regulations which are designed to enable bulk transfers of contracted-out rights to take place in certain circumstances without member consent, to schemes that have never been contracted-out. In...