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.
In this Newsletter we take a fresh look at the often difficult area of setting the employer’s contribution rate in a defined benefit (DB) scheme. We focus, in particular, on the issues for trustees. Download...
In October 2002, Opra announced plans to review its guidance for statutory whistleblowers, i.e. the scheme auditors and actuaries appointed by trustees. Earlier this year, Opra consulted on a revised Opra Note 1 (reporting to Opra)...
The Government’s Green Paper of 17 December 2002 set out numerous possibile changes to the statutory winding-up priority order for defined benefit schemes so as to try to ensure a fairer sharing of assets where a scheme which is...
It is clear from both the Government’s Green Paper published on 17 December 2002 and it “Action Plan” published on 11 June 2003, that it has been pondering what to do about simplifying guaranteed minimum pensions (GMPS)...
As a method of controlling costs in defined benefit schemes, some employer/trustees are looking afresh at the provisions of early retirement pensions. Scheme rules commonly allow members to retire early upon reaching a minimum age (often...
Money purchase member communication presents a significant challenge to trustees and employers alike. Members need to have a broad spectrum of information to be able to participate effectively in the scheme. But trustees and employers must...
The Occupational Pension Schemes (Winding-Up Notices and Reports etc) Regulations 2002 gave Opra new powers to monitor and intervene in the winding-up of occupational pension schemes and came into force on 1 April 2002. Based on its...
