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

Finance & investment briefing – September 2014

The Finance and investment briefing takes a look at current issues of interest to pension schemes and investors. In this Briefing: Top five custody tips for pension scheme trustees Legal update Making the most of your de-risking...

Risk mitigation for OTC Derivative contracts: Sackers’ response

Background Sackers’ has responded to the European Securities and Markets Authority (ESMA) on it’s Consultation Paper, Draft regulatory technical standards on risk-mitigation techniques for OTC-derivative contracts not cleared...

Fiduciary duties of trustees and others

Introduction On 1 July 2014, the Law Commission published its report on the Fiduciary Duties of Investment Intermediaries. Following the publication of the Kay Review of equity markets, BIS and the DWP asked the Law Commission...

TPR statement on incentive exercises

Introduction Following the publication of an industry “code of good practice” on incentive exercises (the “Code”)1 TPR has reviewed and replaced its incentives guidance with a short principles-based statement. In...

Employer Asset-Backed Contributions: The final piece of the ABC jigsaw?

Introduction The Finance Act 2012, which received Royal Assent this week1, brings into force legislation on employer-asset backed contributions (ABCs) to occupational pension schemes, aimed at clamping down on arrangements that deliver...

New Code of Practice on Incentive Exercises

Introduction In November 2011, Steve Webb, the Pensions Minister, confirmed his intention to “crack down” on bad practice in relation to incentive exercises (“IEs”). To achieve this, he tasked an industry working...

Contingent assets 2012/13: is your guarantor good for the money?

Introduction The PPF has strengthened the certification requirements for Type A contingent assets1 in response to concerns that, under the previous arrangements, some guarantors did not have the financial resources to meet their guarantee...