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 On 1 October 2015, provisions will come into force which are intended to ban DC short service refunds. In this Alert Key points Background How is the change being made? Effect of right to refund under the rules? Problem of...
Introduction Subject to certain exceptions, on and from 6 April 2015 new governance standards apply to all occupational DC schemes and the DC elements of hybrid schemes (see our Alert for details). Trustees are now required to include an...
We asked more than 50 of the UK’s top pension schemes how they are dealing with the new flexibilities which came into force on 6 April 2015. Here is what they told us: Sackers Flexibilities Survey – summary of findings...
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...
Introduction The Finance Act 2015 received Royal Assent on 26 March 2015. The Act extends the new rules for taxing pensions and lump sums on death, as announced in the Autumn Statement 2014. In this Alert Key points Background Annuities...
Why is this important? From April 2015 new minimum quality standards will affect DC schemes. Trustees must assess the extent to which an occupational DC scheme’s charges and transaction costs represent “good value”. (This new duty...
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 Among other things, the draft guidance aims to: help trustees ensure they have...
