All Sackers articles
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OpinionBreaking up is hard to do: Managing master trust moves
With the Value for Money regime on the horizon, Sackers senior counsel Emma Martin explores how trustees and employers can navigate changing master trust provider.
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NewsM&G completes £286m Northern Bank BPA deal
The transaction is the second with M&G's insurance subsidiary Prudential since it returned to the BPA market.
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NewsL&G completes £1.8bn buy-in of United Utilities schemes
Legal & General has completed buy-in with the trustees of two pension schemes sponsored by United Utilities, in a deal that covers around two thirds of their liabilities.
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NewsInterserve Pension Scheme agrees £400mn buy-in
On the go: The Interserve Pension Scheme has agreed a £400mn buy-in with Aviva, securing the benefits of more than 7,000 members.
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NewsDWP details conditions for schemes to defer dashboards deadline
Pension funds will only be allowed to defer their dashboards staging deadline if they are transferring data to a new administrator or are in the process of retendering their scheme administration, new guidance has revealed.
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NewsTPR threatens £50,000 fines for dashboards non-compliance
The Pensions Regulator will impose fines of up to £50,000 for non-compliance over pensions dashboards.
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OpinionHow to apply for dashboards staging deadline deferral
With the legal framework expected to come into force in December, the countdown has begun for connecting to the pension dashboards.
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OpinionTPR’s single code: Where is the finish line?
Sackers senior associate Emily Whitelock outlines what trustees can and should be doing in advance of the regulator’s new single code of practice coming into force in the autumn.
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NewsEDS scheme secures £1.1bn full buy-in
On the go: The £1.5bn EDS 1994 Pension Scheme has secured a £1.1bn full buy-in with Pension Insurance Corporation.
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NewsEAPF invests in sustainable credit, most schemes plan for net zero
ESG spotlight: A roundup of the latest news on environmental, social and governance initiatives, including investment in sustainable private credit by the £4.3bn Environment Agency Pension Fund, nearly three-quarters of schemes set to have net zero plans, and a pair of ESG guides issued for trustees.
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PodcastsPodcast: Natural capital can improve scheme returns but concerns remain
Podcast: Natural capital can improve scheme returns but trustees should not forget to consider their fiduciary duties of being able to pay pensions in the future and have a defensive investment strategy, argue Alina Donets, portfolio manager at Lombard Odier Investment Managers, and Stuart O’Brien, partner at Sackers.
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NewsSchemes retaliate over Russia’s invasion of Ukraine
Some of the UK’s most prominent pension schemes are dialling down their exposure to Russian assets in response to its attack on Ukraine.
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NewsHigh Court confirms Irish pension exclusion from bankruptcy case
On the go: Former property developer Michael McNamara has been allowed to shield his savings in an Irish pension scheme from creditors after the High Court confirmed its own 2020 ruling.
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NewsNorthern Bank agrees two buy-ins, Phoenix signs reinsurance deals
Riskwatch: A roundup up of the latest derisking transactions, including Northern Bank Pension Scheme’s two buy-in transactions with Aviva, and Phoenix Group’s two longevity reinsurance transactions with a MetLife subsidiary.
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NewsHow will the new pension transfer restrictions work?
The new pension transfer rules coming into force on November 30 will bring added duties for pension scheme trustees, and will not be a panacea to prevent scams, specialists warn.
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NewsReuters scheme agrees full buy-in with L&G
On the go: The Reuters Supplementary Pension Scheme has agreed a circa £310m full buy-in with Legal & General Assurance Society.
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NewsMetal Box completes £2.2bn full buy-in with PIC
On the go: The Metal Box Pension Scheme has completed a full £2.2bn buy-in with Pension Insurance Corporation, with plans to convert this to a buyout in November 2021.
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NewsStatements season could cause mayhem for admins, PASA warns
On the go: The creation of a statements season could cause “significant difficulties, additional and unnecessary costs, and adverse implications” for schemes and administrators if a route of a common valuation date is chosen, the Pensions Administration Standards Association has warned.
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PodcastsPodcast: Market capacity may be barrier to DC scheme consolidation
Podcast: There may be limited capacity in the master trust market to take on a rush of defined contribution pension funds as the government continues with its consolidation push, according to Kim Gubler, chair of the Pensions Administration Standards Association, and David Saunders, senior partner elect at Sackers. In this episode, our panellists also discuss Aon and Willis Towers Watson’s abandoned merger, new developments in the pensions dashboards project and the regulator’s review of schemes eligible for the Fraud Compensation scheme.
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PodcastsPodcast: Treasury ‘ignored advice’ in public sector pension reforms
Podcast: A report from the Public Accounts Committee about the public sector pensions reform has showed that Treasury ignored advice that could have prevented the McCloud case, argues Ian Neale, co-founder of Aries Insight. He is joined by Sackers partner Claire Carey, in an episode also covering industry consultation fatigue and the new Task Force on Climate-related Financial Disclosures reporting requirements.