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

Integrated risk management: TPR’s guidance

Introduction Integrated Risk Management (IRM) is the focus of TPR’s latest guidance. Published on 8 December 2015, it sits alongside the code on funding defined benefits, which applies to schemes with effective valuation dates from 29...

Draft Finance Bill 2016 – any tidings of comfort and joy?

Introduction On 9 December 2015, the Government published draft clauses for the Finance Bill 2016 (“the Bill”) for consultation, with a view to introducing a number of provisions that were announced by the Chancellor in the Summer...

TPR consults on revised DC Code of Practice

Introduction On 24 November 2015, TPR issued a consultation on a revised Code of Practice on the governance and administration of occupational DC trust based schemes (“the Draft Code”). The purpose of the Draft Code is to “set out...

Finance (No.2) Act 2015

Introduction The Finance (No. 2) Bill 2015 (“the Bill”) received Royal Assent on 18 November 2015 and is now known as the Finance (No. 2) Act 2015 (“the Act”). The Act, which introduces a number of provisions that were announced by...

VAT on professional fund management costs – latest news

Introduction On 26 October 2015, HMRC issued its latest missive in the long running saga regarding the recoverability of VAT on professional fund management costs paid in respect of occupational pension schemes. In this Alert Key points...

Employers: Countdown to the abolition of DB contracting-out

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. With only six months to go, below we set out the issues which sponsoring employers...

Trustees: Countdown to the abolition of DB contracting-out

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. With only six months to go, below we set out the issues which the trustees of...