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.
Introduction The Finance Act 2015 received Royal Assent on 26 March 2015. The Act extends the new rules for taxing pensions and lump sums on death, as announced in the Autumn Statement 2014. In this Alert Key points Background Annuities...
Why is this important? From April 2015 new minimum quality standards will affect DC schemes. Trustees must assess the extent to which an occupational DC scheme’s charges and transaction costs represent “good value”. (This new duty...
Background On 12 February 2015, TPR published a consultation on guidance for trustees of DB schemes on member requests for transfers from DB to DC schemes. Among other things, the draft guidance aims to: help trustees ensure they have...
Introduction On 5 March 2015, TPR published a new draft essential guide which aims to help pension scheme trustees communicate with their members about the impact and possible risks of their DC retirement choices. In this Alert Key points...
Welcome to the latest edition of our DC briefing, which highlights topical news on DC pensions from a legal viewpoint. DC schemes should offer members “value for money”. That’s easy to say and difficult to disagree with, but from...
Introduction With Government reforms allowing DC pension savers greater freedom and choice over their retirement options set to come into force on 6 April 2015, the DWP has published three sets of draft regulations which will make a number...
Introduction HMRC has published draft legislation and explanatory notes on pension flexibility and annuities for a technical consultation. The new provisions are designed to ensure that payments of annuities to beneficiaries can be made...
