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.
Introduction Concerned by their increase in popularity, TPR has issued for consultation draft guidance on transfer incentives.1 It builds on the 2007 guidance on Inducement Offers2 and aims to strengthen TPR’s position. An inducement...
Introduction In June’s Emergency Budget the Coalition Government announced it intended to use the Consumer Prices Index (CPI) rather than the Retail Prices Index (RPI) as the measure for applying increases (both in deferment and to...
COMMITTEE OF EUROPEAN INSURANCE AND OCCUPATIONAL PENSIONS SUPERVISORS (CEIOPS) Financial Stability Report: Spring 2010 DEPARTMENT FOR WORK AND PENSIONS Government proposal to use CPI as the measure of price inflation for occupational...
Introduction Public sector pensions are firmly in the spotlight this summer, with the Hutton Commission charged by the Government with reviewing public sector pension provision.1 In this alert we focus on two other recent developments –...
Introduction When a company exits an underfunded multi-employer DB scheme, its share of any deficit generally becomes a debt due to the trustees (“the employer debt” or “section 75 debt”). Since September 2005, the...
LEGISLATION Coalition Government Finance Bill 2010 DEPARTMENT FOR WORK AND PENSIONS Freedom Bill HM REVENUE & CUSTOMS Pension transfers for people aged 50 to 55 FINANCIAL REPORTING COUNCIL (FRC) First UK Stewardship Code published NEST...
Introduction Under the Age Regulations, it is lawful for an employer to dismiss an employee aged 65 or over by reason of retirement, this is known as the default retirement age (DRA). The DRA has been under threat ever since the High...
