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

Budget 2013 heralds a new objective for TPR

Introduction In a Budget that generally contains little that is new for workplace pension schemes, the Chancellor has announced the introduction of a new objective for TPR. In this Alert: Key points A new statutory objective for TPR...

Top Tips in Misstatement and Overpayment Cases

Introduction Despite the best efforts of trustees and administrators, the misstatement and overpayment of benefits is not an uncommon event. These cases can often lead to protracted member complaints, many of which result in a complaint to...

Miscellaneous Amendment Regulations – The Government Responds

Introduction The DWP has issued its response to two 2012 consultations, together with draft legislation. Since all the changes will come into force on 1 April 2013, it has merged all the amendments into one set of regulations (the...

No VAT Exemption for Workplace Pensions

Introduction The European Court has rejected a claim that workplace DB pension schemes in the UK should be exempt from paying VAT on investment management services. In this Alert: Key points Background Appeal to the First Tier Tribunal...

PPF: Assessment of Guarantor Strength & the Impact of Insolvency

Introduction In December 2012, the PPF revised its contingent assets guidance (the “Guidance”) for the levy year 2013/14, with the aim of giving schemes “a better steer” on what to consider when planning to use...

Survivors’ Benefits and Same Sex Partners

Introduction With the Marriage (Same Sex Couples) Bill currently before Parliament and an ET decision1 at the end of last year deciding it is unlawful for pension schemes to provide anything other than a full survivor’s pension to...

Disclosure Consultation 2013 – Third time Lucky?

Introduction The latest DWP consultation1 revisits the disclosure requirements for occupational and personal pension schemes, with a view to harmonising the requirements where possible and updating them in line with changes in...