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.
The key to all good sagas is a little longevity. A fast start, plenty of meandering and then a crescendo finish. Something like that, anyway. Take the new DB funding regime. The idea of tougher standards was catapulted into pensions...
Background The Pensions Regulator (“TPR”) has issued a consultation on a new draft DB funding code (“the Code”), and on a new twin track regulatory approach to assessing valuations. The consultation follows the DWP’s consultation...
Background The Pensions Regulator (“TPR”) has issued a consultation on its draft Dashboards compliance and enforcement policy. In this response Responses to specific consultation questions and related comments Responses to specific...
Introduction On 16 December, TPR delivered its long anticipated second consultation on a new draft DB funding code. The draft code is designed to form an essential double-act with the DB funding and investment strategy regulations...
Background The DWP has issued a consultation (“the Consultation”) on the draft Occupational Pension Schemes (Funding and Investment Strategy and Amendment) Regulations 2023 (“the Draft Regulations”) setting out details of the...
Introduction Designed to implement new requirements set out in the PSA21 for DB schemes to have a funding and investment strategy (“the F&I Strategy”), and to submit a written statement of that strategy (“the Statement”) to...
Introduction TPR’s latest annual funding statement was published on 27 April 2022. As you would expect, TPR focuses on the current period of “significant economic uncertainty” and how this may impact schemes. The statement...
Introduction On 27 May 2021, TPR published a consultation on draft changes to Code of Practice 12 (to be titled “Contribution Notices: Circumstances in relation to the material detriment test, the employer insolvency test and the...
Introduction TPR’s latest annual funding statement was published yesterday. Unsurprisingly, the current pandemic (and its knock-on effect on covenant monitoring and contingency planning) remains a high priority. The statement also...
