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.
Update: As of June 2020, the Guidance has been updated to recognise that: from 1 July 2020, furloughed employees may work part-time and from 1 August 2020, employers will no longer be able to claim a grant for pension contributions. In...
The impact of COVID-19 is widespread and significant, presenting challenges for trustees and employers in relation to members’ benefits. There is clearly the potential for a spike in member complaints as a result of the current...
Update: On 16 June 2020, TPR published a “major rewrite” of this Guidance, designed to consolidate various strands of its guidance, to provide an update on TPR’s view of the impact of Coronavirus, to explain how TPR will continue to...
Introduction After only a few weeks in the job, the Chancellor, Rishi Sunak, today delivered his first Budget. Whilst much of his focus was on shoring up the NHS, the economy, and business during unprecedented times, key changes to the...
Environmental, Social and corporate Governance (ESG) factors in pension scheme investing continue to dominate headlines and trustee duties. Our new guide for 2020, ESG and climate change for pension funds, considers how trustees should...
The DC briefing (PDF) highlights topical news on DC pensions from a legal viewpoint. In this briefing: Future of trusteeship and governance revealed The Pension Schemes Bill returns Costs information and “investment pathways” in...
Introduction Today, TPR published the first stage of a “major” consultation on its revised code of practice for DB funding. Running to 175 pages, this first consultation sets out TPR’s initial proposals for a “clearer, more readily...
A guide for trustees 2020 2019 was another record-breaking year for the industry and we are delighted to have advised on some of the most significant transactions. These included 13 separate bulk annuity transactions, with an aggregate...
Introduction On 20 February 2020, HMRC released long-awaited guidance (“the Guidance”) on some of the pensions tax issues arising when equalising benefits for the effect of GMPs. The Guidance focuses specifically on the so-called...
