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

TPR publishes first part of consultation on revised code for scheme funding

Introduction Today, TPR published the first stage of a “major” consultation on its revised code of practice for DB funding. Running to 175 pages, this first consultation sets out TPR’s initial proposals for a “clearer, more readily...

2019 funding statement – TPR’s long-term funding focus

Introduction Picking up the baton from last year’s DB White Paper, TPR’s annual funding statement (published on 5 March 2019, and running to 22 pages) includes a specific focus on long-term funding targets. The summary of key messages...

2017 funding statement – TPR gets tough

Introduction TPR published this year’s annual funding statement on 15 May 2017. While primarily aimed at those carrying out valuations with effective dates in the period 22 September 2016 to 21 September 2017, it is relevant to all DB...

British Steel Pension Scheme – Sackers’ response to consultation

Background The Department for Work and Pensions (DWP) is consulting on four options aimed at helping the British Steel Pension Scheme (BSPS) as part of a wider package of Government support for British steel, steel workers and affected...

TPR’s 2016 funding statement

Introduction TPR has published its annual funding statement for 2016. Although relevant to trustees and employers of all DB pension schemes, it is primarily aimed at those carrying out valuations with effective dates in the period from 22...

Contingent Assets: Basics

Contingent assets are assets held outside a pension scheme which the scheme can claim when one or more specified “trigger” events occur (such as the insolvency of the sponsoring employer). They can be useful for trustees and employers...

Assessing and monitoring the employer covenant: TPR’s new guidance

Introduction TPR has published new guidance on assessing and monitoring the employer covenant of a DB pension scheme. Replacing TPR’s original 2010 guide to “monitoring employer support”, the new guidance is designed to provide...