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

Corporate briefing – July 2020

Contents Our Sackers Corporate briefing (PDF) takes a look at the latest developments in pensions for employers and corporate investors. In this briefing: Scheme funding – what employers need to know Employers under strain – pensions...

DB Hot topic: DB superfunds – what trustees need to know

In recent years there has been a lot of discussion about consolidation of DB pension schemes. Drivers for consolidation include improving security of member benefits reducing the cost of running DB schemes, and managing governance and risk...

Corporate Insolvency and Governance Act 2020 – the pensions implications

Introduction Expedited as a result of the COVID-19 pandemic, the Corporate Insolvency and Governance Act 2020 (“the Act”) received Royal Assent on 25 June 2020. The Act is designed to provide businesses in financial difficulties with...

New interim regulatory regime for Superfunds

Introduction On 18 June 2020, TPR launched a new interim regulatory regime for DB consolidator superfunds (and other new models), pending the establishment of a full legislative framework. The new guidance, which came into effect...

DB scheme funding and investment: TPR’s COVID-19 guidance for trustees

Update: On 16 June 2020, TPR published a “major rewrite” of this Guidance, designed to consolidate various strands of its guidance, to provide an update on TPR’s view of the impact of Coronavirus, to explain how TPR will continue to...

TPR publishes first part of consultation on revised code for scheme funding

Introduction Today, TPR published the first stage of a “major” consultation on its revised code of practice for DB funding. Running to 175 pages, this first consultation sets out TPR’s initial proposals for a “clearer, more readily...

The Pension Schemes Bill returns

Introduction Originally published in October (see our Alert), the Pension Schemes Bill (“the Bill”) has been reintroduced to Parliament. The Bill is in substantially the same form as the October version (which fell as a result of the...