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 2009 – limited relaxation of transitional provisions

On 22 April 2009, Alistair Darling surprised the pensions industry by announcing that, from 2011, the country’s highest earners will no longer benefit from tax relief on all pension contributions at their marginal rate. The...

The importance of being equal

The highly anticipated Court of Appeal decision in Foster Wheeler Limited v Hanley & others (the latest in a long line of equalisation cases) was handed down on 8 July 2009. The judgment has been hailed as a good result for schemes as...

Trivial commutation regulations published!

Although the Budget 2009 has been grabbing the headlines, promises made in last year`s Budget to ease the administrative burden on occupational pension schemes are finally coming into fruition. Coming into force on 1 June 2009, the...

Material detriment code revisited

Largely, in response to fears that the Pensions Regulator’s (TPR) anti-avoidance powers were not sufficient to tackle risks posed to members’ benefits by “new business models” and the like, the Pensions Act 2008...

Budget 2009: “Building Britain’s future”

In the midst of what the Treasury describes as the “worst global finanical crisis for generations”, Alistair Darling delivered his credit crunch Budget on 22 April 2009. As the Budget focuses on support for individuals and...

The Taming of Pension Sharing?

The technical area of pension sharing has been ripe for reform for some time. In the sights of the 2007 Deregulatory Review1, a handful of changes aimed at simplifying sharing came in from 6 April 2009. There has also been an interesting...

US class actions

News that Cherie Booth QC is to help represent two local authority pension funds seeking to bring a US class action against the Royal Bank of Scotland has dominated the media over the last day or so. US securities class actions are big...