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

Age-Day – focus on DB schemes

It is now only a matter of weeks until the new Employment Equality (Age) Regulations 2006 come into force on “Age-Day” (1 October 2006). Although the Regulations automatically exempt a number of pension practices from being...

Life Cover Only Members – the final instalment

Some topics just seem to run and run – we have already been in contact on the topic of life cover only members. It has been unclear, following the implementation of the European Pensions Directive into UK legislation, whether it is...

Focus on funding – Summary funding statements

As part of the revamped scheme funding provisions under the Pensions Act 2004, the Occupational Pension Schemes (Scheme Funding) Regulations 2005 introduced a requirement for defined benefit (DB) schemes to issue “scheme funding...

They think it’s all over – it is now!

The recent House of Lords’ decision in Preston has brough the last of the remaining part timer claims to an end. Most of the issues arising out of the original House of Lords’ Preston case were resolved by a series of decisions...

The Pensions White Paper

After a number of leaks in the press and alleged horse-trading behind the scenes, the Pensions White Paper was finally published today. The White Paper gives us the Government’s thinking on the future of UK state pensions. We can now...

Trigger happy TPR?

The Pensions Regulator’s Code of Practice on scheme funding is at pains to stress that the new statutory funding objective (SFO) is not just “son of MFR”, but is scheme specific with the trustees taking the leading role....

Cracking the MNT code!

The Pensions Act 2004 will require that at least one-third of the total number of trustees of occupational pension schemes are member-nominated trustees or directors (MNTs). The current proposal is that this moves up to 50% in 2009. The...