The Government today published its highly anticipated response to last year’s DB options consultation. Subject to certain safeguards, the key headline is that it is pressing ahead with plans to give trustees power to pass a resolution...
The Cancer Research UK Pension Scheme, sponsored by Cancer Research UK has successfully concluded a £280m bulk purchase annuity transaction with Standard Life. This buy-in transaction covers c. 2,800 members. Sackers advised the trustees...
Today Sackers announced the results of our most recent webinar survey*. The results reveal that 54% of respondents support giving trustees the flexibility to determine whether – and on what terms – surplus funds can be paid to...
Pensions dashboards have been years in the making. Pensions dashboards will, for the first time, allow employees to access all their pensions information, including their state pension, online in one place. Ferdy Lovett, partner, details...
Emily Forrest, partner, comments: “As with any major project, the dashboards journey hasn’t always been plain sailing. Since the concept of a pensions dashboard was initially recommended by the FCA back in 2014, we have lived through a...
TPR today published its Annual Funding Statement 2025, the first under the new DB funding regime. Lucy Dunbar, partner, comments: “Whilst DB schemes are continuing to see strong funding positions, with 85% estimated to be in surplus on...
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