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

Protecting the PPF – reporting notifiable events

As part and parcel of the Pensions Regulator’s (TPR) responsibilities towards protecting against unnecessary calls upon the Pension Protection Fund (PPF), new reporting duties came into effect on 6 April 2005. Those on the hook for...

Pensions Act 2004 – Internal Dispute Resolution Procedures

Amendments contained in the Pensions Act 2004 (PA 2004) will allow trustees of occupational pension schemes to operate a simplified one stage internal dispute resolution procedure (IDRP) under section 50 of the Pensions Act 1995. Whilst a...

Anti-avoidance – guidance issued on Clearance Statements

Amongst the new Pensions Regulator’s “super powers”, the anti-avoidance provisions are aimed at preventing employers from dodging pension scheme liabilities. Anyone concerned that their actions might fall foul of the...

Pensions Act 2004 – in force from 6 April

Parts of the Pensions Act 2004 come into force on 6 April 2005. In the lead up, we thought it would be helpful to provide you with a quick recap of the areas coming into force. Download...

Tax simplification – Finance Bill 2005

Following Gordon Brown’s Budget confirmation that “a package of supplementary measures” on tax simplification was in the pipeline, the Finance Bill 2005 was published on 24 March 2005. The amending provisions are...

Scheme funding – consultation published

It has been a long time coming but we now have the Government’s thinking on life after the minimum funding requirement (MFR). It will be replaced by a Statutory Funding Objective (SFO), which is designed to reflect the funding...

Trustee knowledge and understanding – draft code of practice published

Amid the Pensions Act 2004 maelstrom, on 17 March 2005 the Pensions Regulator (TPR) pbulished a draft code of practice for consultation on trustee knowledge and understanding (TKU). The consultation period runs until 10 June 2005. The TKU...