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.
Background The DWP’s consultation, “The impact of using CPI as the measure of price increases on private sector occupational pension schemes” was published on 8 December 2010. The consultation followed the Coalition...
Background We are concerned that HMT’s consultation on “Early access to pension savings”, published in December 2010, is unduly negative towards the idea of allowing early access to pensions savings. As the consultation makes...
Background The joint HMT / HMRC consultation (published on 30 November 2010 ) on “Options for meeting high annual allowance charges from pension benefits” (the Consultation), sets out two broad options (aimed primarily at DB schemes)...
Background The Green Paper “Towards adequate, sustainable and safe European pension systems” was published by the European Commission on 7 July 2010. The paper, in particualr, asks what an equivalent solvency regime for pension funds...
Background A BIS / DWP consultation on the proposed phasing out of the DRA was published on 29 July 2010. Having a pivot age (i.e. a fixed point at which benefits are expected to come into payment) for pension purposes is, in our view,...
Background On 28 July 2010, the DWP published a consultation, draft consequential legislation in relation to the abolition of contracting out on a DC basis. The four sets of draft regulations are designed to implement certain...
Background TPR published draft guidance on transfer incentives for consultation on 13 July 2010. We use the term “transfer incentives” in line with the way it is used in the draft guidance. That is, as a broad term for the practice...
