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.
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...
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...
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...
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...
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...
Further convictions at Oxford Crown Court this month highlight the huge sums being lost in trust busting scams. In this case a 20% commission was deducted from transfers resulting in a lost to the Inland Revenue of over £1m. Last year...
