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

Employer Asset-Backed Contributions: The final piece of the ABC jigsaw?

Introduction The Finance Act 2012, which received Royal Assent this week1, brings into force legislation on employer-asset backed contributions (ABCs) to occupational pension schemes, aimed at clamping down on arrangements that deliver...

Bank downgrades: implications for derivatives arrangements

Introduction With the hotly anticipated results of Moody’s ratings review of 17 global banks expected in June, we concentrate on the impact any rating downgrades may have on derivatives arrangements that Trustees have. (Of course,...

Consultation on employer asset-backed contributions

Introduction Following a trailer in this year’s Budget,1on 24 May 2011 the Government issued a consultation on changing the tax rules relating to employer asset-backed contributions to DB pension schemes. In this Alert: Key points...

Europe serves up OTC reprieve

Introduction The EU’s proposed legislation on OTC derivatives hit the headlines again on Tuesday when the European Parliament’s EAC approved the Commission’s proposals. The proposed legislation originated with concerns about the...

IGG consultation on the investment governance of DC schemes: Sackers’ response

Background The consultation proposals for best practice guidance relating to the investment governance of DC pension schemes, was published by the Investment Governance Group (IGG) on 10 February 2010 . Given the increasing numbers of...