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.
Background Three options are proposed in on the DWP’s consultation on “Meeting future workplace pension challenges: improving transfers and dealing with small pension pots”: minor changes to the current system to make...
Introduction With the standard LTA reducing to £1.5 million from 6 April 2012, individuals with existing pension savings need to consider whether to apply to HMRC for “Fixed Protection”. However, care needs to be taken to...
Introduction Generally, if a company exits an underfunded multi-employer DB scheme, its share of the deficit (if any) becomes a debt due to the trustees (the “employer debt”). To assist with the management of employer...
Introduction The Autumn Statement was delivered on 29 November 2011.1 Against the backdrop of the continuing economic crisis, the Chancellor, George Osborne, announced a number of measures aimed at maintaining economic stability and...
Introduction Having run out of time in the summer session, the Pensions Bill 2010-11 finally received Royal Assent today. The Pensions Act 2011 (the “Act”) brings into force several important changes, including the controversial...
Introduction In July 2011, TPR issued a statement: Identifying your Statutory Employer. It reminds trustees that they should “identify and assess the legal obligations of each of the scheme’s employers, as well as the nature and extent...
Background We note that the DWP’s consultation on employer debt, published on 28 June 2011, is aimed at addressing concerns that the Employer Debt Regulations still unnecessarily inhibit corporate activity, in particular the ability...
