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 On 8 July 2015, HM Treasury published a consultation to examine whether there is a case for reforming pensions tax relief. The Government has asked for views on the potential for reform. While the consultation itself does not...
Section 67 of the PA95 applies whenever a power to modify an occupational pension scheme is exercised to make a change (known as a “regulated modification”) which would or might adversely affect a member’s subsisting rights. ...
The Bribery Act 2010 came into force on 1 July 2011. It aims to update and simplify the UK’s anti-corruption laws. The Act creates 4 offences: offering, promising or giving a bribe (active bribery); requesting, agreeing to receive or...
Introduction On 1 October 2015, provisions will come into force which are intended to ban DC short service refunds. In this Alert Key points Background How is the change being made? Effect of right to refund under the rules? Problem of...
Introduction Subject to certain exceptions, on and from 6 April 2015 new governance standards apply to all occupational DC schemes and the DC elements of hybrid schemes (see our Alert for details). Trustees are now required to include an...
We asked more than 50 of the UK’s top pension schemes how they are dealing with the new flexibilities which came into force on 6 April 2015. Here is what they told us: Sackers Flexibilities Survey – summary of findings...
Background On 4 March 2015, the FCA published a consultation on proposed changes to its pension transfer rules that are designed to support the new flexible pensions regime which came into force on 6 April 2015. The new regime brings...
