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 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...
Introduction On 11 February 2019, the Government published a response to its consultation on bolstering TPR’s powers which it believes will help TPR “to meet [its] ambition to be ‘clearer, quicker, and tougher’”. Click here for a...
Introduction On 12 December 2018, the PPF published its final levy rules for the 2019/20 levy year. Click here for a PDF of this Alert. In this Alert Key points Commercial consolidators GMP equalisation and insolvency risk scores...
On 7 December 2018, the DWP published its latest consultation promised by this year’s White Paper (see our Alert), setting out its proposals for a new legislative framework for authorising and regulating DB “superfund” consolidation...
Introduction On 6 November 2018, the DWP published its consultation on “Delivering collective defined contribution pension schemes”. Click here for a PDF of this Alert. In this Alert Key points History of CDC What is a CDC scheme? New...
Introduction The High Court handed down its highly anticipated decision in Lloyds Banking Group Pensions Trustees Ltd v Lloyds Bank plc and others on 26 October 2018, concluding that benefits do need to be equalised for the effect of GMPs....
Introduction On 23 October 2018, the DWP published two sets of regulations designed to implement the second European Pensions Directive (“IORP II”) – the Occupational Pension Schemes (Governance) (Amendment) Regulations 2018 (“the...
Introduction The PPF has published a consultation and draft levy rules which set out the basis on which it intends to charge the pension protection levy for the 2019/20 levy year. Click here for a PDF of this Alert. In this Alert Key...
