News

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.

Latest News

Abolition of DB contracting-out: statutory modification power

Introduction As a result of the introduction of the new single-tier state pension, DB contracting-out will be abolished with effect from 6 April 2016. Due to consequential changes to legislation in relation to the abolition of DB...

Countdown to abolition of DB contracting-out: Tricky issues

Introduction As a consequence of the introduction of the new single-tier state pension, DB contracting-out will be abolished with effect from 6 April 2016 (“the Abolition Date”). In this Alert we set out some of the trickier issues...

Pension transfers and early exit charges: consultation response

Introduction On 10 February 2016, the Government published a response to its consultation on options to address possible barriers to people switching their pensions to access the new DC freedoms. For a PDF version of this Alert please...

Revised Code of Practice on Incentive Exercises

Introduction On 1 February 2016, the Incentive Exercises Monitoring Board (“IEMB”) published version 2 of the Code of Good Practice on Incentive Exercises (“Version 2”). For a PDF version of this Alert please click here. In this...

Banning member-borne commission in occupational pension schemes

Introduction On 26 January 2016, the DWP published its response to the consultation, “Better workplace pensions: Banning member-borne commission in occupational pension schemes”.  The response includes a further consultation on the...

PPF confirms levy determination for 2016/17

Introduction On 17 December 2015, the PPF confirmed its levy rules for 2016/17. For a PDF version of this Alert please click here. In this Alert Key points Changes for 2016/17 Last man standing schemes Next steps Key points Following...

Creating a secondary annuity market: response to the call for evidence

Introduction As part of the March 2015 Budget, the Government announced its desire to extend the retirement flexibilities to annuity holders (see our Alert), publishing a consultation calling for evidence on creating a secondary annuity...