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 23 February 2024, the DWP published a consultation seeking views on proposals to make it easier to make payments from DB scheme surplus to sponsors and scheme members and a model for a public sector DB consolidator run by...
Introduction The first document in the new funding regime jigsaw has now been issued in final form. Designed to implement new requirements set out in the PSA21 for DB schemes to have a funding and investment strategy (“the F&I...
Introduction On 14 December 2023, the PPF published its policy statement and formal levy rules for 2024/25. Click here for a PDF of this Alert. In this Alert Key points Changes for 2024/25 Future direction of the levy Next steps Key points...
Introduction TPR published its long-awaited new general code of practice (the “Code”) and consultation response on 10 January 2024. Previously known as the “single code” and first announced in 2019, a draft version of the Code was...
Introduction Among the Autumn Statement’s 110 growth measures, the Chancellor of the Exchequer, Jeremy Hunt, announced a “comprehensive package of pension reform that will provide better outcomes for savers, drive a more consolidated...
Introduction Following on from this year’s Spring Budget, on 11 July 2023 the Finance (No.2) Bill received Royal Assent and, just a week later, draft clauses for inclusion in the next Finance Bill to deal with abolishing the LTA were...
Introduction As widely trailed in the press, the Chancellor, Jeremy Hunt, delivered his Mansion House speech last night. Being guided by three golden rules, including seeking to secure the best possible outcomes for pensions savers, he...
Introduction On 16 June 2023, in the case Virgin Media v NTL Pension Trustees II Limited (and others), the High Court ruled on the correct interpretation of historic legislation governing the amendment of contracted-out DB schemes. Click...
Introduction TPR’s latest annual funding statement (the “statement”) was published on 27 April 2023. With the majority of schemes estimated to have improved funding positions, TPR encourages trustees to consider if their long-term...
