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

Funding defined benefits – response to consultation

Background TPR issued a consultation on DB scheme funding on 2 December 2013.  The suite of draft documents on scheme funding are: the consultation document, Regulating defined benefit pension schemes a draft code of practice, Funding...

TPR publishes new guidance on asset-backed contributions

Introduction On 19 November 2013, TPR published new guidance on asset-backed contributions (ABCs).  These are also commonly referred to as asset-backed funding (or special purpose vehicle) structures and pension funding partnerships...

TPR publishes suite of DC documents

Introduction TPR’s code of practice for trust-based DC pension schemes (the Code) came into force on 21 November 2013.  To coincide with the Code coming into effect, TPR has issued final versions of its compliance and enforcement policy...

DC schemes: Sackers’ response to TPR’s compliance and enforcement policy consultation

Background TPR’s latest consultation sets out its proposed approach to compliance in relation to occupational DC trust-based schemes.  The draft policy outlines TPR’s expectations for compliance with relevant pensions legislation, as...

TPR’s 2013 scheme funding statement

Introduction TPR published its 2013 annual funding statement on 8 May 2013. This year’s annual statement is relevant for trustees and employers of all DB pension schemes, but is primarily aimed at those who are undertaking valuations...

Consultation on DC Code: Sackers’ Response

Background TPR consultation on “Regulating work-based defined contribution pension schemes” sets out a new framework that TPR intends to use to help it regulate the governance and administration of DC schemes.  This framework...

Sackers’ Response to TPR Consultation on Maintaining Contributions

Background The consultation by TPR on “Maintaining contributions” (the Consultation), includes revised codes of practice on the late payment of contributions to occupational DC and personal pension schemes (TPR codes 5 and 6),...