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.
The scheme funding provisions contained in the PA04 require trustees to prepare a statement of funding principles (SFP) for ensuring, amongst other things, that the statutory funding objective (SFO) is met. The SFO requires a DB scheme to...
Introduction Alongside the introduction of a new single tier state pension, contracting-out on a DB basis will come to an end with effect from 6 April 2016. In preparation for this, regulations to preserve certain contracted-out rights...
Background On 4 March 2015, the FCA published a consultation on proposed changes to its pension transfer rules that are designed to support the new flexible pensions regime which came into force on 6 April 2015. The new regime brings...
Background On 12 February 2015, TPR published a consultation on guidance for trustees of DB schemes on member requests for transfers from DB to DC schemes. Among other things, the draft guidance aims to: help trustees ensure they have...
Introduction The PPF is concerned that schemes have been misreporting their structure. For this reason, all schemes that have identified themselves as last man standing (LMS) in their latest scheme return will receive an email from TPR,...
Introduction On 4 March 2015, the DWP published a response to the consultation on the Occupational Pension Schemes (Power to Amend Schemes to Reflect Abolition of Contracting-out) Regulations (“the Response” and “the Regulations”...
Introduction The Merchant Navy case concerned an application by the trustee (the “Trustee”) of the Merchant Navy Ratings Pension Fund (the “Scheme”) for approval of an amendment to the Scheme to introduce a new deficit repair...
