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.
In High Court proceedings, it is vital for trustees to have the comfort and protection of knowing that they may recover the legal costs incurred in the proceedings from the scheme, whether prosecuting or defending a claim and regardless of...
The Bribery Act 2010 came into force on 1 July 2011. It aims to update and simplify the UK’s anti-corruption laws. The Act creates 4 offences: offering, promising or giving a bribe (active bribery); requesting, agreeing to receive or...
A “buy-in” is simply an annuity held in the trustees’ name. By contrast a “buy-out” is an annuity held in the member’s name. Buy-ins are simply another scheme investment and are attractive to employers...
A buy-out is the bulk purchase of annuities in respect of some (partial) or all (full) of the members of a pension scheme. The difference between a buy-out and a buy-in is that, in the former, the annuities are purchased in the names of...
When a member of a DB pension scheme leaves, having completed at least 2 years’ pensionable service, they become entitled to a preserved (or deferred) pension in respect of their accrued benefits. Legislation currently requires such...
Under a salary sacrifice arrangement the scheme becomes effectively “non contributory” with the employee “sacrificing” an equivalent amount of salary. In return for this, their employer will make a contribution to the scheme on...
The trustees of an occupational DB pension scheme are required to prepare, and from time to time review and if necessary revise, a schedule of contributions. The schedule sets out the rates of the contributions payable to the scheme and...
