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

New Year, New Pensions Bill

Introduction Published on 13 January 2011, the Pensions Bill (the “Bill”) deals with several of the changes to pensions policy announced by the Coalition Government last year; primarily the increase in SPA, amendments to the automatic...

Guidance on incentive exercises / annuities legislation – the pre-Christmas flurry

Introduction The pensions pre-Christmas rush is in full swing. With only 12 shopping days to go, key institutions are racing to get their publications out of the door. The latest festive offerings come from TPR and HM Treasury...

The switch from RPI to CPI – consultation published

Introduction The Government published its long awaited consultation on the switch from RPI to CPI for increases to pensions in payment and in deferment on 8 December 2010. Widely reported as a potential reduction in liabilities for the...

Employer Covenant: Final Guidance

Introduction TPR’s guidance on “Monitoring employer support: Covenant, contingent assets and other security” (the Guidance) was finalised on 30 November 2010. The tenor of the guidance has not changed significantly since the draft...

TPR’s consultation on Employer Debt Guidance: Sackers’ Response

Background The draft guidance issued for consultation by the Pensions Regulator on “Defined benefit multi-employer schemes and employer departures: guidance for trustees” is easy to read and does a good job of explaining the different...

Guidance on monitoring employer support: Sackers’ comments

Background The draft “Guidance on monitoring employer support: covenant, contingent assets and other security”, published on 15 June 2010, draws together a number of strands from TPR’s existing publications with a specific focus on...

Pension Increases – the change from RPI to CPI

Introduction In June’s Emergency Budget the Coalition Government announced it intended to use the Consumer Prices Index (CPI) rather than the Retail Prices Index (RPI) as the measure for applying increases (both in deferment and to...