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.
Introduction Several years in the making, the Pension Schemes Act (“the Act”) finally received Royal Assent on 11 February 2021. Key elements of the new Act include beefing up TPR’s powers, changes in relation to scheme funding, and...
Introduction On 26 January 2021, the PPF published its final levy rules for the 2021/22 levy year. Click here for a PDF of this Alert. In this Alert Key points Brexit – overseas guarantors Other changes COVID-19 The Corporate Insolvency...
Introduction On 27 January 2021, the DWP published its response to the August 2020 consultation, “Taking action on climate risk: improving governance and reporting by Occupational Pension Schemes” (see our Alert), together with a...
Introduction On 25 November 2020, HMT and the UK Statistics Authority (“UKSA”) published their response to this year’s consultation on the reform of RPI. Click here for a PDF of this Alert. In this Alert Key points Background How RPI...
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 On 12 November, TPR published guidance for trustees of all DB schemes, encouraging them to prepare now for the possibility that their sponsoring employer could face financial difficulties in the future. Trustees should also be...
Introduction On 21 October 2020, TPR published guidance for trustees and employers contemplating a transfer to a DB consolidator superfund (or other new model). The guidance sets out TPR’s approach to regulating such transfers, and its...
