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

Guidance on incentive exercises / annuities legislation – the pre-Christmas flurry

Introduction The pensions pre-Christmas rush is in full swing. With only 12 shopping days to go, key institutions are racing to get their publications out of the door. The latest festive offerings come from TPR and HM Treasury...

The switch from RPI to CPI – consultation published

Introduction The Government published its long awaited consultation on the switch from RPI to CPI for increases to pensions in payment and in deferment on 8 December 2010. Widely reported as a potential reduction in liabilities for the...

Employer Covenant: Final Guidance

Introduction TPR’s guidance on “Monitoring employer support: Covenant, contingent assets and other security” (the Guidance) was finalised on 30 November 2010. The tenor of the guidance has not changed significantly since the draft...

Employer Related Investments: TPR’s Statement

Introduction TPR has today published a statement on the self investment restrictions that apply to occupational pension schemes. The wording of parts of it may cause concern, if not alarm, amongst some trustees and employers. This alert...

Disclosure requirements enter the electronic age!

Introduction On 8 November 2010, the DWP published Regulations which make amendments to the disclosure requirements for personal, occupational and stakeholder pension schemes. Principally, these allow schemes to communicate with members...

NEST comes home to roost!

Introduction Plans for the introduction of automatic enrolment and the new national pension scheme (NEST) got the green light yesterday, following the publication of findings from an independent review “Making automatic enrolment...

Preserving powers to refund surplus: DWP clarification

Introduction Section 251 of the PA04 has been troubling both trustees and employers. It appears to prevent a payment being made to an employer out of scheme assets unless, before 6 April 2011, an appropriate trustee resolution has been...