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

What might an extension to the commercial property eviction ban mean for pension schemes?

The current commercial property “eviction ban” (more accurately, but less headline-grabbing, it’s a moratorium on a landlord’s right of re-entry or forfeiture for non-payment of rent) is due to expire at the end of March. It has...

Corporate Insolvency and Governance Act 2020 – the pensions implications

Introduction Expedited as a result of the COVID-19 pandemic, the Corporate Insolvency and Governance Act 2020 (“the Act”) received Royal Assent on 25 June 2020. The Act is designed to provide businesses in financial difficulties with...

The Occupational Pension Schemes (Employer Debt and Miscellaneous Amendments) Regulations 2018

Introduction On 26 February 2018, the DWP published a response to the consultation on the draft Occupational Pension Schemes (Employer Debt) (Amendment) Regulations 2017 together with a final version of the regulations, now called The...

Consultation on the draft Occupational Pension Schemes (Employer Debt) (Amendment) Regulations 2017 – Sackers’ response to DWP consultation

Background The DWP is seeking views on proposed changes to employer debt legislation for employers in non-segregated defined benefit multi-employer pension schemes. In this response: Introduction Chapter 2: The deferred debt arrangement...

DWP consults on new employer debt option for multi-employer schemes

Introduction Back in 2015, the DWP issued a call for evidence (“the Call for Evidence”) in response to concerns about how the employer debt regime operates for employers in non-associated multi-employer schemes.  Seeking to address...

PPF consults on a levy rule for schemes without a substantive sponsor

Introduction On 20 February 2017, the PPF published a consultation on a levy rule for schemes without a substantive sponsor (“SWSSs”). For a PDF version of this Alert click here. In this Alert Key points Background Restructuring...

Security and sustainability in DB schemes

Introduction On 20 February 2017, the DWP published its Green Paper on DB private sector pensions, “Defined benefit pension schemes: security and sustainability”.  The Green Paper, which sets out evidence about key challenges facing...