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.
Introduction As a result of the introduction of the new single-tier state pension, DB contracting-out will be abolished with effect from 6 April 2016. Due to consequential changes to legislation in relation to the abolition of DB...
Background Legislation to be introduced in the Finance Bill 2016 is set to include consequential changes to ensure that, following the introduction of the new single tier State Pension from 6 April 2016, the tax rules on bridging pensions...
Introduction On 1 February 2016, the Incentive Exercises Monitoring Board (“IEMB”) published version 2 of the Code of Good Practice on Incentive Exercises (“Version 2”). For a PDF version of this Alert please click here. In this...
Introduction On 17 December 2015, the PPF confirmed its levy rules for 2016/17. For a PDF version of this Alert please click here. In this Alert Key points Changes for 2016/17 Last man standing schemes Next steps Key points Following...
Introduction Integrated Risk Management (IRM) is the focus of TPR’s latest guidance. Published on 8 December 2015, it sits alongside the code on funding defined benefits, which applies to schemes with effective valuation dates from 29...
Background On 8 July 2015, HM Treasury published a consultation to examine whether there is a case for reforming pensions tax relief. The Government has asked for views on the potential for reform. While the consultation itself does not...
Career Average Revalued Earnings Schemes (known as CARE schemes) are a form of DB pension arrangement adopted by employers seeking greater costs control than may be achieved under a traditional final salary scheme. For an employer looking...
