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

Pensions Tax Simplification delayed to 2006

In his Budget speech, the Chancellor, Gordon Brown, confirmed that he will proceed with his plans to replace the current eight pensions tax regimes with one set of uniform rules applicable to all. His announcement follows the publication...

Employer debts and multi-employer hybrid schemes

The recent Pitmans case shed some judicial light on the rarely litigated area of section 75 of the Pensions Act 1995. The action by the trustees to recover a debt from the (last remaining) employer concerned the winding up of the BETEC...

Winding-up – full buy-out for solvent employers

On 23 February 2004, the Regulations requiring solvent employers of defined benefit (DB) schemes which are winding up to buy all members’ benefits out in full were finally laid before Parliament. The Regulations, which were first...

The Pensions Bill has landed

More than 18 months after the publication of the Pickering report on the simplification of pensions, on 12 February 2004 the Pensions Bill was published. Much of the Bill is dedicated to the new Regulator and the Pension Protection Fund....

Informed choices for working and saving

Building further on the aims set out in the Green Paper and the “Action Plan” for encouraging individuals to save for their retirement, the Government published its latest pensions paper on 3 February 2004. The main focus of...

Part-timers – the TUPE twist

The latest decision in the Preston part-timer saga was handed down by the Employment Appeal Tribunal (“EAT”) in December 2003, with the EAT reversing the earlier decision of the Employment Tribunal on the impact of TUPE on...

Opra Update 5 – relaxing the rules on reporting late payment of contributions

As part of its aim to adopt a more risk-based approach to dealing with breaches of the Pensions Act, on 23 January 2004 Opra announced a relaxation in its requirements for trustees reporting late payment of contributions by employers....