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 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...

Winding-up – full buy-out for solvent employers

On 23 February 2004, the Regulations requiring solvent employers of defined benefit (DB) schemes which are winding up to buy all members’ benefits out in full were finally laid before Parliament. The Regulations, which were first...

The Pensions Bill has landed

More than 18 months after the publication of the Pickering report on the simplification of pensions, on 12 February 2004 the Pensions Bill was published. Much of the Bill is dedicated to the new Regulator and the Pension Protection Fund....