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 When doing due diligence on a transaction, lawyers tend to breathe a sigh of relief when they discover the target only has a DC pension scheme. This is because, in theory, in a DC scheme the employer should not be exposed to...
In a DC scheme there will generally be a range of investment funds for the member to choose from, including a default fund. Trustees must formally and regularly review the range and appropriateness of investment funds available. However,...
Introduction Changes introduced by the Finance Act 2011 are set to remove the requirement for individuals with DC funds to secure an income by age 75. In addition, NEST is just around the corner and TPR’s focus is on promoting higher...
Background The DWP consultation on offering a default option for DC automatic enrolment pension schemes, published on 13 December 2010, seeks views on the design of default options in workplace personal pensions and occupational pensions...
Background The DWP’s consultation, “The impact of using CPI as the measure of price increases on private sector occupational pension schemes” was published on 8 December 2010. The consultation followed the Coalition...
Introduction The pensions pre-Christmas rush is in full swing. With only 12 shopping days to go, key institutions are racing to get their publications out of the door. The latest festive offerings come from TPR and HM Treasury...
Background On 28 July 2010, the DWP published a consultation, draft consequential legislation in relation to the abolition of contracting out on a DC basis. The four sets of draft regulations are designed to implement certain...
