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

The Pension Protection Fund

In the Pensions Bill published in February 2004, the Government unveiled its plans for a pensions compensation scheme. The Pension Protection Fund (PPF) is aimed at members of underfunded defined benefit (DB) schemes whose employer goes...

Winding-up priority order regulations laid

Regulations amending the statutory priority order on the winding-up of an occupational pension scheme were laid on 19 April 2004 and will come into force on 10 May 2004. The Government’s Green Paper of 17 December 2002 put forward...

Pensions tax simplification shapes up

On 8 April 2004, the Government published the Finance Bill 2004 which sets out the mechanics for achieving pensions tax simplification. This follows Gordon Brown’s Budget announcement that he would proceed with his plans to replace...

Corporate governance and shareholder activism – the role of trustees

Corporate governance and shareholder activism are becoming increasingly hot topics. There are a number of voluntary initiatives for achieving good corporate governance, including the NAPF 2004 Corporate Governance Policy. A new report by...

New rights for same sex couples

On 31 March 2004, the Government published its long anticipated Civil Partnership Bill. (The Bill follows a consultation paper published on 30 June 2003). The Bill proposes that same sex couples who register their partnership will gain...

Pensions Tax Simplification delayed to 2006

In his Budget speech, the Chancellor, Gordon Brown, confirmed that he will proceed with his plans to replace the current eight pensions tax regimes with one set of uniform rules applicable to all. His announcement follows the publication...

Employer debts and multi-employer hybrid schemes

The recent Pitmans case shed some judicial light on the rarely litigated area of section 75 of the Pensions Act 1995. The action by the trustees to recover a debt from the (last remaining) employer concerned the winding up of the BETEC...