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 With the standard LTA reducing to £1.5 million from 6 April 2012, individuals with existing pension savings need to consider whether to apply to HMRC for “Fixed Protection”. However, care needs to be taken to...
Introduction DC contracting-out will be abolished on 6 April 2012. Employers and trustees should use the run-up to that date to check that they are prepared for its demise. In this Alert: Key points Background What will happen to protected...
Introduction When doing due diligence on a transaction, lawyers tend to breathe a sigh of relief when they discover the target only has a DC pension scheme. This is because, in theory, in a DC scheme the employer should not be exposed to...
Introduction On 15 December 2011, the DWP published plans aimed at ensuring that “money saved into a pension stays in a pension”. With a view to supporting the commencement of automatic enrolment in 2012, the Government wants...
Introduction When doing due diligence on a transaction, lawyers tend to breathe a sigh of relief when they discover the target only has a DC pension scheme. This is because, in theory, in a DC scheme the employer should not be exposed to...
In a DC scheme there will generally be a range of investment funds for the member to choose from, including a default fund. Trustees must formally and regularly review the range and appropriateness of investment funds available. However,...
Introduction Changes introduced by the Finance Act 2011 are set to remove the requirement for individuals with DC funds to secure an income by age 75. In addition, NEST is just around the corner and TPR’s focus is on promoting higher...
