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 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...
Background On 17 October 2014, the DWP published a Command Paper which includes its response to the consultation on minimum governance standards and certain questions on transparency. The Command Paper DWP is now consulting on draft...
Background The FCA is consulting on proposed standards for delivery partners (CP14/11) in connection with the “Guidance Guarantee” that was announced at Budget 2014. This forms part of the package of changes to the pensions tax rules,...
Introduction On 6 August 2014, HMRC published for consultation draft guidance and legislation which will implement the changes to the pension tax rules announced in the Budget 2014 (please see our Alert for details). In this Alert:...
Introduction Published alongside the 2014 Budget, HMT’s consultation “Freedom and choice in pensions” proposed a general overhaul of the tax rules relating to DC benefits, with the intention of giving individuals greater flexibility...
Introduction The Finance Act 2014, which received Royal Assent on 17 July 2014, introduces measures to put in place certain changes announced in this year’s Budget. The changes to DC decumulation which are due to come into force in...
Introduction Last week, the Government published its response to the consultation on “Reshaping workplace pensions for future generations” (see our Alert) and a new Pension Schemes Bill (the “Bill”). The main purpose of the...
