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 Overpayments (and underpayments) typically happen by mistake. But even if the member has received an overpayment in good faith, it does not mean they are entitled to it. Indeed, trustees may be under a duty to recover the...
Introduction With the standard LTA reducing to £1.5 million from 6 April 2012, individuals with existing pension savings need to consider whether to apply to HMRC for “Fixed Protection”. However, care needs to be taken to...
Introduction DC contracting-out will be abolished on 6 April 2012. Employers and trustees should use the run-up to that date to check that they are prepared for its demise. In this Alert: Key points Background What will happen to protected...
Introduction After years of speculation, the DWP has finally published proposals for dealing with the intrinsic inequality of GMPs. As well as a consultation on draft regulations, the DWP is also consulting on a “possible method...
Introduction The PPF has strengthened the certification requirements for Type A contingent assets1 in response to concerns that, under the previous arrangements, some guarantors did not have the financial resources to meet their guarantee...
Introduction When doing due diligence on a transaction, lawyers tend to breathe a sigh of relief when they discover the target only has a DC pension scheme. This is because, in theory, in a DC scheme the employer should not be exposed to...
Introduction On 15 December 2011, the DWP published plans aimed at ensuring that “money saved into a pension stays in a pension”. With a view to supporting the commencement of automatic enrolment in 2012, the Government wants...
