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.
It has been a long time coming but we now have the Government’s thinking on life after the minimum funding requirement (MFR). It will be replaced by a Statutory Funding Objective (SFO), which is designed to reflect the funding...
Amid the Pensions Act 2004 maelstrom, on 17 March 2005 the Pensions Regulator (TPR) pbulished a draft code of practice for consultation on trustee knowledge and understanding (TKU). The consultation period runs until 10 June 2005. The TKU...
In his last Budget before the general election, on 16 March 2005 the Chancellor Gordon Brown confirmed that “a package of supplementary measures” will form part of the tax simplification provisions coming into force in April...
Back in July 2002, the Pickering report put forward a radical rethink of compulsory increases on pensions in payment because of concerns that they were “disproportionately expensive”. With the Government keen to maintain some...
Having been watered down by successive European Court decisions, the pensions exemption under TUPE will face a radical shake-up from 6 April 2005. The changes are being brought under the Pensions Act 2004 and will finally fulfil the...
The Inland Revenue has announced a futher package of measures which will form part of the tax simplication changes due to come into force on 6 April 2006 (A-Day). Many of the new measures stem from on-going “liaison” with the...
Under the Pensions Act 2004, pension scheme trustees must have sufficient knowledge and understanding (TKU) of pensions and trusts law to run their schemes properly. Trustees should also be conversant with scheme documents. On 4 February...
