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...
Introduction George Osborne, the Chancellor of the Exchequer, used the last Budget of this Parliament to extend the new DC retirement freedoms to around 5 million people who have already bought an annuity. The other pensions headline is...
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 Among other things, the draft guidance aims to: help trustees ensure they have...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 4 March 2015, the DWP published a response to the consultation on the Occupational Pension Schemes (Power to Amend Schemes to Reflect Abolition of Contracting-out) Regulations (“the Response” and “the Regulations”...
Introduction The Pension Schemes Act 2015 (the “Act”) received Royal Assent on 3 March 2015. Originally designed to introduce a framework for defined ambition (DA) (see our Alert), these provisions are now somewhat overshadowed by...
Introduction With the Government’s reforms allowing DC pension savers greater freedom and choice over their retirement options due to come into force from 6 April 2015, the DWP has published a further set of draft regulations designed to...
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...
