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 On 26 June 2018, the DWP published the first of the consultations promised by this year’s White Paper (see our Alert), “Protecting [DB] pension schemes – a stronger Pensions Regulator”. Click here for a PDF of this...
Background As part of its work to examine how trustee boards can meet the challenge of pension scheme governance in the 21st Century, TPR issued a discussion paper on 22 July 2016, setting out what it is doing to educate and support...
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...
Introduction On 24 November 2015, TPR issued a consultation on a revised Code of Practice on the governance and administration of occupational DC trust based schemes (“the Draft Code”). The purpose of the Draft Code is to “set out...
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...
Clearance is relevant for those considering corporate transactions or scheme-related events which are materially detrimental to a DB pension scheme and its members (known as “type A events”). Clearance is the term used to describe the...
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...
