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 On 29 April 2020, TPR published guidance on communicating to members during COVID-19. It is designed to help members avoid making hasty decisions during these uncertain times. Click here for a PDF of this alert. In this Alert...
Update: As of June 2020, the Guidance has been updated to recognise that: from 1 July 2020, furloughed employees may work part-time and from 1 August 2020, employers will no longer be able to claim a grant for pension contributions. In...
Update: On 16 June 2020, TPR published a “major rewrite” of this Guidance, designed to consolidate various strands of its guidance, to provide an update on TPR’s view of the impact of Coronavirus, to explain how TPR will continue to...
Introduction Today, TPR published the first stage of a “major” consultation on its revised code of practice for DB funding. Running to 175 pages, this first consultation sets out TPR’s initial proposals for a “clearer, more readily...
Introduction On 10 February 2020, TPR published its response to its consultation on the future of trusteeship and governance. Most notably, TPR will not require pension scheme boards to engage a professional trustee. Instead, it will...
Introduction The long-awaited Pension Schemes Bill (“the Bill”) has been published. As might be expected, several clauses and schedules are devoted to laying the groundwork for “collective money purchase benefits” and pensions...
Introduction Picking up the baton from last year’s DB White Paper, TPR’s annual funding statement (published on 5 March 2019, and running to 22 pages) includes a specific focus on long-term funding targets. The summary of key messages...
