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

Finance Bill 2013

Introduction The draft Finance Bill 2013 was published for consultation on 11 December 2012. The Bill includes a number of measures for pensions, including provisions to implement the changes to pensions tax relief announced in...

New code aims to provide clarity on DC charges

Introduction A new non-statutory “joint industry” code of conduct on DC pension charges (the “Code”) was published on 28 November 2012. In this Alert: Key points Scope Key elements Unbundled trust-based schemes...

Autumn Statement 2012

Introduction The Chancellor, George Osborne, delivered his Autumn Statement on 5 December 2012. While the Government takes comfort from the latest economic and fiscal outlook,1 believing that it is “on course” to meet its...

Six steps to reducing your PPF levy

Introduction The PPF levy invoice will be one of the most significant bills landing on a pension scheme’s doorstep each year. Given the current economic climate and the increase in the levy this year, it is likely that achieving...

The Government defines its ambition

Introduction On 22 November 2012, the Government unveiled its strategy for “Reinvigorating workplace pensions”. The proposals build on the Coalition Agreement commitment to put in place “arrangements that result in the...

Governance Spotlight: all I want for Christmas is accuracy

Introduction TPR’s deadline of 31 December 2012 for complying with its targets for standards of data in pension schemes is fast approaching. Our recent Pensions Managers’ Forum proved that many schemes are keen to hear what...

2013/2014 PPF levy consultation

Introduction The PPF’s recent consultation document sets out the basis on which it intends to charge the Pension Protection Levy (the “Levy”) for the 2013/14 levy year. In this Alert: Key points Why is the levy rising?...