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

PPF confirms levy determination for 2016/17

Introduction On 17 December 2015, the PPF confirmed its levy rules for 2016/17. For a PDF version of this Alert please click here. In this Alert Key points Changes for 2016/17 Last man standing schemes Next steps Key points Following...

PPF consults on 2016/17 pension protection levy

Introduction On 21 September 2015, the PPF announced that the 2016/17 levy estimate will be set at £615 million and published the 2016/17 PPF levy consultation document. The consultation closes on 22 October 2015. In this Alert Key points...

Is your scheme last man standing?

Introduction The PPF is concerned that schemes have been misreporting their structure.  For this reason, all schemes that have identified themselves as last man standing (LMS) in their latest scheme return will receive an email from TPR,...

PPF levy determination for 2015/16

Introduction On 18 December 2014, the PPF published its levy determination for 2015/16 and associated documents. The PPF’s intention is to retain these new levy rules for a three-year period but it will keep the performance of the new...

PPF announces levy estimate for 2015/16 and conclusions on the levy’s future

Introduction On 6 October 2014, the PPF announced that the levy estimate for 2015/16 would be set at £635 million, nearly 10% lower than the estimate for 2014/15.  At the same time, the PPF published the conclusions of its consultation...

PPF consultation on definition of “money purchase” – Sackers’ response to consultation

In this response: Background General Internally annuitised pensions Guaranteed investment returns Other underpins Background We are responding to the PPF consultation document, Money Purchase Benefits published in May 2014.  The...

PPF consults on plans for next three years’ levy

Introduction On 29 May 2014, the PPF published a consultation on the second “PPF Levy Triennium”. The new triennium will run from 2015 and will cover the levy years 2015/16, 2016/17 and 2017/18.  As for the first triennium, the PPF...