All Sackers articles – Page 6
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Features
Can multinationals achieve consistency in benefits?
Analysis: Multinational companies often run several complex pension schemes across multiple jurisdictions, but different tax and benefit rules around the world can pose various problems for companies looking to achieve consistency in benefits.
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News£100m bill still hangs over Morrisons as court seeks European help
The Court of Appeal has partially upheld an equalisation ruling that could add more than £100m to the liabilities of the Safeway Pension Scheme, but has asked a European court to clarify whether benefits can be revised downwards in certain circumstances.
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NewsOrchestra votes for lower pay rise to up pensions
Members of the Royal Opera House orchestra have voted in favour of taking a lower pay rise to fund an improved pension scheme for new and future members, a decision that has struck a chord with experts.
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FeaturesBetter data flow could transform pensions, but will it?
Pensions Expert 20th Anniversary: A yawning technology gap has long been identified in the sector, but many feel more than the dashboard is needed to drag pensions into the 21 century.
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Opinion
DC Debate Q3: From platforms to post-freedom changes
In the second part of this quarter’s DC Debate, six experts discuss in-scheme drawdown, platforms, and the pros and cons of running a bundled or unbundled scheme.
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Opinion
DC Debate Q3: How should schemes invest DC assets in a changing world?
In the third DC Debate of 2017, six defined contribution specialists discuss emerging markets, how Brexit will affect DC investment, and how schemes should decide on a default fund.
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Features
How to make sure a scheme merger runs smoothly
Analysis: A desire to cut costs and harmonise pension provision often drives companies with multiple defined benefit pension funds to consolidate their schemes, but experts say there are a number of factors trustees and employers should bear in mind to ensure a smooth merger.
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Opinion
How can DC schemes deliver value for money?
There are few more prolific terms overheard in the pensions industry than value for money, and far fewer that evade objective definition quite so comfortably.
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News
Report calls for legal right to partial DB transfer
Members of defined benefit pension schemes should have the legal right to partially transfer their pension rights, a new report has said. It also recommended enhanced disclosure and broader consideration of client profiles.
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News
Trustee pay falls as workload ramps up
The average pension scheme trustee is being asked to dedicate more working days than ever to the running of a scheme, and is being paid less to do so, a survey released on Thursday has suggested.
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NewsCourt backs IBM in DB closure dispute
Technology giant IBM’s decision to close its UK defined benefit schemes has been ruled lawful by the Court of Appeal, in the culmination of an eight-year battle over the sponsor’s discretionary powers.
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NewsRegulator’s BHS report focuses on areas of improvement
The Pensions Regulator has highlighted the lessons it has learnt from the BHS case in a recently published regulatory intervention report, as experts stress the need for more proactive engagement.
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Opinion
Is professionalism the answer to the governance dilemma?
The quality of trusteeship and pension fund governance has improved considerably over the past decade, but many schemes remain poorly governed; this was the view of the Work and Pensions Committee earlier this year.
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News
Increased use of RAAs is 'inevitable', experts say
The Pensions Regulator has agreed a regulated apportionment arrangement with Hoover, as experts say the number of RAAs, as well as the amount of due diligence involved, is likely to increase.
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News
Schemes urged to take action on data security
Pension schemes must use the next 12 months to review and update data protection practices, industry experts have urged, ahead of new rules which could result in huge fines for trustees.
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OpinionWhat we can learn from recent legal cases
Trustees have to tread carefully when considering changes to their scheme, says James Bingham from law firm Sackers.
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News
Industry divided over retrospective changes to pensions
Nearly half of pensions professionals and scheme representatives believe that retrospective changes to pensions promises should be allowed, according to a recent survey, suggesting growing concern over the level of defined benefit liabilities.
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NewsTata could inject £520m into BSPS in RAA bid
Tata Steel has reportedly offered to contribute £520m to the British Steel Pension Scheme as part of a bid to reach a regulated apportionment arrangement with UK pension authorities.
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FeaturesJLR meets members halfway with Care switch
Jaguar Land Rover is switching its defined benefit schemes from final salary to a career average revalued earnings structure, as companies look to cut costs and manage risk while keeping employees on board.
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NewsNo changes to Johnston Press equalisation despite missing documents
A legal dispute involving trustees of the Johnston Press Pension Plan about the equalisation of retirement ages has been put to bed by the Scottish Court of Session, using a quirk of law known as the “presumption of regularity”.