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.
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...
Introduction TPR has today published the first in what is to be a series of annual statements on scheme funding. Aimed at providing guidance for trustees of DB schemes who are going through the valuation process, the statement sets out...
Introduction The PPF has strengthened the certification requirements for Type A contingent assets1 in response to concerns that, under the previous arrangements, some guarantors did not have the financial resources to meet their guarantee...
Introduction In July 2011, TPR issued a statement: Identifying your Statutory Employer. It reminds trustees that they should “identify and assess the legal obligations of each of the scheme’s employers, as well as the nature and extent...
EIOPA has issued a consultation in connection with its review of the “IORP” or Pensions Directive. The consultation focuses on: the scope of the Directive; the definition of “cross-border activity”; the scope of prudential...
Background We note that the DWP’s consultation on employer debt, published on 28 June 2011, is aimed at addressing concerns that the Employer Debt Regulations still unnecessarily inhibit corporate activity, in particular the ability...
Introduction TPR’s guidance on “Monitoring employer support: Covenant, contingent assets and other security” (the Guidance) was finalised on 30 November 2010. The tenor of the guidance has not changed significantly since the draft...
