News

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.

Latest News

Budget 2014: Never a quiet year for pensions

Introduction Having been expected to give pensions a wide berth, George Osborne’s fourth Budget as Chancellor (delivered on 19 March 2014) heralded some significant changes for DC schemes aimed at generating flexibility for members...

Draft Finance Bill 2014 published

Introduction On 10 December 2013, the Government published the draft Finance Bill 2014(“the Bill”).  The Bill includes provisions which will introduce a new form of transitional protection from a potential LTA charge, to be known...

Autumn Statement 2013

Introduction Pensions are once again headline news, as the Chancellor announced in theAutumn Statement on 5 December 2013 measures that will see faster increases in SPA. But aside from a number of changes to the state pension, the...

Sackers’ Response to Consultation on Individual Protection 2014

Background The joint HMT/ HMRC consultation on Individual Protection from the Lifetime Allowance Charge seeks to assist those with pension savings in excess of the new LTA when it reduces to £1.25m on 6 April 2014. IP14 will enable...

Finance (No.2) Bill is Published

Introduction Following a consultation on draft provisions at the end of 2012,1 the Government has formally published the Finance (No.2) Bill) (the “Bill”) together with a set ofExplanatory Notes. In this Alert: Key points...

No VAT Exemption for Workplace Pensions

Introduction The European Court has rejected a claim that workplace DB pension schemes in the UK should be exempt from paying VAT on investment management services. In this Alert: Key points Background Appeal to the First Tier Tribunal...

Finance Bill 2013

Introduction The draft Finance Bill 2013 was published for consultation on 11 December 2012. The Bill includes a number of measures for pensions, including provisions to implement the changes to pensions tax relief announced in...