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.
In an attempt to protect further the position of members whose defined benefit scheme is winding-up, the Government has published proposals to change the winding-up legislation. The main changes focus on raising the level of debt triggered...
Proposed amendments are on the cards to help smooth the transition from the minimum funding requirement (“MFR”) to the new statutory funding objective set out under the Pensions Bill 2004. Here we summaries the main...
In the countdown to “A-Day” (6 April 2006), a major concern for employers and trustees of occupational pension schemes is the need to communicate the new system to members. High earners are likely to be a priority because of...
So-called “pension liberation” or “trust busting” sounds dramatic but what does it mean? And what are trustees expected to do about it when making transfer payments? Opra recently published Update 8 to help trustees...
The Finance Bill officially became an Act when it received Royal Asset on 22 July 2004. The Act paves the way for pensions tax simplification from A-Day, 6 April 2006, when the current eight pension tax regimes will be replaced by a single...
Sometimes pensions issues scupper corporate deals. A recent high profile example of this is WHSmith, where trustee intervention led to the withdrawal of a bid by joint venture company Permira to take over the scheme’s sponsoring...
From “A-Day” (6 April 2006), the eight tax regimes applicable to occupational and personal pensions will be replaced by a single uniform set of allowances. But what effect will stripping away current Inland Revenue limits have...
