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

DC hot topic – Asset security

For a PDF version of this hot topic click here Following the introduction of automatic enrolment and an increasing regulatory focus on DC governance, DC asset security is now in the spotlight. However, not all trustees feel comfortable...

PPF compensation cap – increase for long service

Introduction On 15 September 2016, the DWP published a consultation on draft legislation relating to the introduction of a new PPF compensation cap for those with long service. For a PDF version of this Alert please click here. In this...

7 days – 12 September 2016

7 Days is a weekly round up of developments in pensions, normally published on Monday afternoons. We collate this information from key industry sources, such as the DWP, HMRC and TPR. In this 7 Days Government publishes draft legislation...

21st Century Trusteeship and Governance – Sackers’ response to consultation

Background As part of its work to examine how trustee boards can meet the challenge of pension scheme governance in the 21st Century, TPR issued a discussion paper on 22 July 2016, setting out what it is doing to educate and support...

Government publishes draft legislation to introduce Lifetime ISAs

Introduction In the 2016 Budget, the Government announced that a new long-term savings product, to be known as a Lifetime Individual Savings Account or “Lifetime ISA” (or “LISA”), would be introduced with effect from April 2017...

VAT on professional fund management costs – further extension of transitional period

Introduction On 5 September 2016, HMRC issued Brief 14 (2016), its latest in a long line of updates regarding the recoverability of VAT on professional fund management costs paid in respect of occupational pension schemes. For a PDF...

DC hot topic – TPR’s guide to the trustee board

For a PDF version of this hot topic click here TPR’s revised Code of practice on the governance and administration of occupational trust-based schemes providing money purchase benefits came into force on 28 July 2016. To coincide with...