Tag: Defined Benefit

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

What does high inflation mean for pension schemes?

For most of the past thirty years it is fair to say that if you were lucky enough to have a defined benefit (DB) pension then you didn’t need to worry about inflation too much. With the cost of living soaring this looks set to change....

Decumulation – changing DC pension savings into something you can spend

“Houston, we have a problem”. Although the DC mission to help employees save up for a pension has been going well with auto enrolment, it is about to stall, unless we find a better way of turning those savings into retirement income....

Spare a thought for your pension administrators

Administering occupational pension schemes is a tough gig. The past few months have seen a steady stream of new legislation which has meant administrators have had to make significant changes to their processes, systems and documentation...

Member Communications: Does it need a legal review?

Trustees issue lots of communications to their beneficiaries. Some are day to day comms, others are a one-off. Some go to the whole membership and others go to one beneficiary. Some are just for information, others require the recipient to...

Checklist
Whose decision is it anyway?

Running a pension scheme involves making lots and lots of decisions of all shapes and sizes. Decisions which affect just one member through to decisions which affect the whole scheme. Trustees put a lot of time and effort into making good...

Cool (pension scheme) runnings – working with your administrator

Cool (pension scheme) runnings – working with your administrator Administering a pension scheme is not easy and the bar keeps getting higher with new requirements such as the statutory transfer checks and the stronger nudge to guidance....

The 2022/23 PPF levy determination

Introduction On 16 December 2021, the PPF published its policy statement and formal levy rules for 2022/23. Click here for a PDF of this Alert. In this Alert Key points Covid-19 Alternate Covenant Schemes (“ACSs”) Next steps Key points...

Corporate briefing – November 2021

Our Sackers Corporate briefing (PDF) takes a look at the latest developments in pensions for employers and corporate investors. In this briefing New notifiable events and the declaration of intent Transferring risk – buy-out on the menu?...

New notifiable events and the declaration of intent

Introduction Against the backdrop of PSA21, on 8 September 2021,  the DWP published a consultation seeking views on changes to the notifiable events regime. In addition, the Government confirmed that it will press ahead with the...