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

Allonby v Accrington & Rossendale College and others – Access to occupational pension schemes for the self-employed?

On 2 April 2003, the Advocate General delivered his opinion in the case of Allonby v Accrington & Rossendale College and others which was referred to the European Court of Justice by the Court of Appeal. Download...

Managing risk – some essential steps

For various reasons, including the current economic climate and greater scrutiny of occupational pensions, trustees and employers face more and more risks in running schemes. This is borne out, in part, by the Pensions Advisory...

New family friendly rights applicable to employees from 6 April 2003

Irrespective of her length of service, for all women whose expected week of child-birth is on or after 6 April 2003, Ordinary Maternity Leave (“OML”) is increased from 18 weeks to 26 weeks. In addition, a woman may be entitled...

DB schemes – increasing member contributions

Over the last few months, many household names struggling to counter scheme deficits have taken the significant step of increasing member contributions. This measure can offer employers, trustees and employees alike a more palatable...

Statutory money purchase illustrations (“SMPIs”) – impact on occupational pension schemes

From 6 April 2003, all schemes which provide “money purchase benefits” must supply members with an annual illustration of them. In this newsletter we consider the new requirements set out in the Occupational and Personal...

Proposed relaxation of provisions governing the reduction of transfer values

Under the Occupational Pension Schemes (Transfer Values) Regulations 1996, there are limited circumstances in which an individual’s cash equivalent transfer value can be reduced. There is also a prescribed time-frame for providing...

Bankrupt members – what happens to their pensions?

In May 2000 and April 2002, new legislation came into force dealing with the pension rights of a bankrupt member. Orders made before the statutory changes remain embroiled in a minefield of legal uncertainty. Against this background, we...