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 DC member communications are crucial to help employees make appropriate decisions about their pension benefits. However, negotiating the legal restrictions leaves many employers feeling they are prevented from providing the...
Background Due in part to increasing longevity and the fact that people are working for longer, the Government intends to remove the effective requirement to purchase an annuity by the age of 75 from April 2011. The consultation was...
Introduction On 28 July 2010, the DWP published a consultation on draft regulations in connection with the proposed abolition of DC contracting-out. The draft regulations are designed to implement certain consequential amendments to give...
Background The Government’s consultation on the proposals and draft regulations relating to the strengthening of the administration regime for insurers which were published by HMT on 25 March 2010, are aimed at improving the protection...
Introduction If an underfunded scheme goes into wind-up or enters a PPF assessment period, DC members of hybrid schemes generally expect that their benefits (technically, money purchase benefits1) will be fully protected and will not fall...
Introduction Sackers’ Public Sector Unit has wide experience of working with organisations on the complex legal and compliance issues that face public sector schemes and broadly comparable “passport” schemes. In this newsletter...
