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 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Background TPR published draft guidance on transfer incentives for consultation on 13 July 2010. We use the term “transfer incentives” in line with the way it is used in the draft guidance.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...
Background The draft guidance issued for consultation by the Pensions Regulator on “Defined benefit multi-employer schemes and employer departures: guidance for trustees” is easy to read and does a good job of explaining the different...
Background Due in part to increasing longevity and the fact that people are working for longer, the Government intends to remove the effective requirement to purchase an annuity by the age of 75 from April 2011. The consultation was...
Background The draft “Guidance on monitoring employer support: covenant, contingent assets and other security”, published on 15 June 2010, draws together a number of strands from TPR’s existing publications with a specific focus on...
Background From April 2011, the Government’s intention is that tax relief on pension savings should be reformed – to reduce the complexity introduced by the former Labour Government’s plans for restricting pensions tax relief,...
