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 TPR’s latest annual funding statement, along with the accompanying analysis, was published on 29 April 2025. With the majority of schemes now in surplus, TPR expects most schemes to shift their focus from deficit recovery to...
Introduction Several changes are on the horizon for pension schemes. A new Pension Schemes Bill is expected before the summer recess and the date for the first schemes to connect to the dashboards ecosystem is looming. Looking ahead,...
Introduction Hailed by TPR as the “last piece of the jigsaw to help schemes carry out valuations under the new DB funding code”, yesterday TPR published its revamped covenant guidance (“the Guidance”). Building on the detail in the...
Introduction The Chancellor, Rachel Reeves, delivered her first Mansion House speech on 14 November 2024. Following the avalanche of pensions reforms announced by former Chancellor Jeremy Hunt in 2023, this year’s speech confirmed plans...
Introduction The first female Chancellor, Rachel Reeves, delivered the new Government’s Autumn Budget on 30 October 2024. Rumours of subjecting employer pension contributions to NI proved unfounded, with pension changes crucially...
Introduction Just before the LTA’s removal on 6 April 2024 (“LTA-Day”), HMRC issued Newsletter 158 warning that certain members may wish to delay transferring or taking benefits pending regulations to fix issues in the tax...
Introduction Building on its work in tandem with the DWP and TPR, the FCA today published a consultation on detailed rules and guidance for a new value for money (“VFM”) framework. Click here for a PDF of this Alert. In this Alert Key...
Introduction After months of speculation, the final draft DB funding code (“the Code”) was laid before Parliament today, with TPR hailing it as “a key milestone in delivering the significant package of work to improve the...
Introduction On 25 July 2024, in the case Virgin Media v NTL Pension Trustees II Limited (and others), the Court of Appeal upheld the High Court’s 2023 decision on the correct interpretation of historic legislation governing the...
