News

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.

Latest News

Pensions Act 2008 – the road to 2012

With the summer’s success at the Beijing Olympics still ringing in its ears, the Government is knuckling down to preparations for the London Games in 2012. And faced with a similar timetable for Personal Accounts, its other big...

All Things Being Equal

Just a few weeks ago, the latest equalisation decision was handed down by the High Court in Foster Wheeler Limited v Hanley & others. Although it is now over 18 years since the ECJ’s decision in Barber, in our inaugural eNews we look...

GMP Conversion: Sackers’ response to consultation

Background We are writing in response to the consultation on the draft The Occupational Pension Schemes (Contracting-out)(Amendment) Regulations 2009 published on 2 September 2008. In this response: DC Schemes with GMP Underpin Transfers...

Anti-avoidance powers – update

On 14 April 2008, the Government announced sweeping changes to the Pension Regulator’s anti-avoidance powers. These were designed to tackle “new business models” in pensions which, in severing the link between sponsor and...

TKU – updating the knowledge

Like London cabbies, in order to be roadworthy occupational pension scheme trustees must do “The Knowledge” by demonstrating that they have trustee knowledge and understanding (TKU) of pensions and trusts. They must likewise be...

Calm in the eye of the storm

As the current turbulence in the financial markets unfolds, occupational pension schemes are in for a bumpy ride over the next few months. Schemes which had exposure to Lehman (either through equity or bond investments or as counterparty)...

Conflicts Guidance – the high five survives

Following consultation, the Pensions Regulator published its final conflicts of interest guidance for trustees on 1 October 2008. The final version bears a striking resemblance to the draft guidance, with the five high level principles for...