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.
So-called “pension liberation” or “trust busting” sounds dramatic but what does it mean? And what are trustees expected to do about it when making transfer payments? Opra recently published Update 8 to help trustees...
The Finance Bill officially became an Act when it received Royal Asset on 22 July 2004. The Act paves the way for pensions tax simplification from A-Day, 6 April 2006, when the current eight pension tax regimes will be replaced by a single...
Sometimes pensions issues scupper corporate deals. A recent high profile example of this is WHSmith, where trustee intervention led to the withdrawal of a bid by joint venture company Permira to take over the scheme’s sponsoring...
From “A-Day” (6 April 2006), the eight tax regimes applicable to occupational and personal pensions will be replaced by a single uniform set of allowances. But what effect will stripping away current Inland Revenue limits have...
On 17 May 2004, Opra published new guidance to trustees of defined benefit (DB) pension schemes who are considering compromising an employer’s debt. Agreements to compromise the employer’s debt have become increasingly...
On 12 May 2004, Opra issued a revised Opra Note 6 which offers guidance to non-statutory (or voluntary) whistleblowers on reporting breaches to Opra. This follows the publication of a reworked Opra Note 1, Opra’s guidance for...
A second draft of the Pensions Bill has been published. Following its first publication on 12 February 2004, the Bill has been extensively reviewed during the House of Commons’ Committee Stage. A number of amendments, ranging from...
