7 Days
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: New DC retirement options and other key...
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 The Finance Act 2015 received Royal Assent on 26 March 2015. The Act extends the new rules for taxing pensions and lump sums on death, as announced in the Autumn Statement 2014. In this Alert Key points Background Annuities...
Why is this important? From April 2015 new minimum quality standards will affect DC schemes. Trustees must assess the extent to which an occupational DC scheme’s charges and transaction costs represent “good value”. (This new duty...
Introduction George Osborne, the Chancellor of the Exchequer, used the last Budget of this Parliament to extend the new DC retirement freedoms to around 5 million people who have already bought an annuity. The other pensions headline is...
Background On 12 February 2015, TPR published a consultation on guidance for trustees of DB schemes on member requests for transfers from DB to DC schemes. Among other things, the draft guidance aims to: help trustees ensure they have...
