News

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.

Latest News

New interim regulatory regime for Superfunds

Introduction On 18 June 2020, TPR launched a new interim regulatory regime for DB consolidator superfunds (and other new models), pending the establishment of a full legislative framework. The new guidance, which came into effect...

DB scheme funding and investment: TPR’s COVID-19 guidance for trustees

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...

TPR publishes first part of consultation on revised code for scheme funding

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...

The Pension Schemes Bill returns

Introduction Originally published in October (see our Alert), the Pension Schemes Bill (“the Bill”) has been reintroduced to Parliament. The Bill is in substantially the same form as the October version (which fell as a result of the...

The 2020/21 PPF Levy Determination

Introduction On 16 December 2019, the PPF published its final levy rules for the 2020/21 levy year. Click here for a PDF of this Alert. In this Alert Key points Addressing the impact of GMP equalisation Type A contingent assets –...

GMP equalisation – DWP guidance published on using conversion legislation

Introduction Just in time for Easter, the Government has published its long awaited guidance on using the GMP conversion legislation to help crack the GMP equalisation conundrum. The culmination of work carried out by the DWP’s industry...

Key pension dates and deadlines 2019 – are you ready?

Introduction Whilst all was quiet on yesterday’s spring statement front, and uncertainty remains on what will become of Brexit by the end of March, April as usual heralds a number of changes for pensions. Click here for a PDF of this...