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

Autumn Statement 2016

Introduction On 23 November 2016, Philip Hammond delivered his first Autumn Statement as Chancellor of the Exchequer. It will no doubt come as a relief to many that, whilst pensions have not escaped the Chancellor’s attention entirely,...

Finance Bill receives Royal Assent

Introduction The Finance Act 2016 received Royal Assent on 15 September 2016. The Act, which introduces provisions announced by the Chancellor in the 2016 Budget, Autumn Statement 2015 and Summer Budget 2015, contains key measures...

Poll findings – Budget 2016: A turning point for lifetime savings?

While the Chancellor’s Budget on 16 March did not reveal a radical reform of pensions tax relief, the introduction of a new lifetime ISA  (“LISA”) could mark a turning point in how individuals save during their working life. At our...

Pensions tax changes from 6 April 2016

Introduction While George Osborne’s eighth Budget did not herald a major shift in the pensions tax relief system this time around (see our Alert for details), changes to the system are nevertheless on the horizon. On and from 6 April...

The Registered Pension Schemes (Provision of Information) (Amendment) Regulations 2016

Background HMRC is consulting on draft regulations and an accompanying draft explanatory memorandum on changes to the information requirements for pension scheme administrators following the introduction of the pensions tapered annual...

Creating a secondary annuity market: response to the call for evidence

Introduction As part of the March 2015 Budget, the Government announced its desire to extend the retirement flexibilities to annuity holders (see our Alert), publishing a consultation calling for evidence on creating a secondary annuity...

Draft Finance Bill 2016 – any tidings of comfort and joy?

Introduction On 9 December 2015, the Government published draft clauses for the Finance Bill 2016 (“the Bill”) for consultation, with a view to introducing a number of provisions that were announced by the Chancellor in the Summer...