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.
The Pensions Act 2004 (PA 2004) will require that at least one-third of the total number of trustees of occupational pension schemes are member-nominated trustees or directors (MNTs). The current proposal is that this moves up to 50% in...
On 12 July 2005, the Board of the Pension Protection Fund (PPF) published its proposals for the introduction of the risk-based levy for all schemes potentially eligible for the PPF. The risk-based levy will apply from the financial year...
From 6 April 2006, employers and trustees contemplating changes to occupational pension schemes will have to contend with a significantly revamped section 67 of the Pensions Act 1995. The source of the new sections 67 through to 67I is the...
From 6 April 2006, members who leave occupatioanl pension schemes with at least three months’ pensionable service, but without having reached the scheme’s threshold for providing accrued (or vested) benefits, will have new...
Age discrimination laws, due to come into effect in October 2006, came a step closer this month with the publication of long-awaited Regulations. Whilst still in draft at this stage, far from requiring fundamental changes, they include...
The obligation on employers to consult employees regarding major pension scheme changes from 6 April 2006 is the focus of the latest consultation to emerge from the DWP. The driver behind the requirements to consult is the EC Directive on...
With just over nine months to go until A-Day trustees and employers need to ensure that their schemes are shipshape for tax simplification. Although a uniform set of allowances will apply across the board from 6 April 2006, in many...
