All articles by Stephanie Baxter – Page 2

  • News on the go
    News

    Pensions sector warned as business data breaches almost triple

    2022-05-16T00:00:00Z

    On the go: Pension trustees have been urged to be vigilant after businesses experienced an increase in cyber attacks and data breaches over the past year, as cyber criminals upped their game during the shift towards homeworking.

  • News on the go
    News

    WPC seeks auto-enrolment input from employers and trade unions

    2022-05-13T00:00:00Z

    On the go: The Work and Pensions Committee has issued a second call for evidence on how employers and trade unions should protect savers and plan for their retirement as part of its inquiry on “saving for later life”. 

  • News on the go
    News

    BT slashes pensions deficit by £4bn in one year

    2022-05-13T00:00:00Z

    On the go: BT has cut its defined benefit pensions deficit by £4bn in the year to March 31 2022, a fall partly attributed to a higher discount rate due to increased yields.

  • News on the go
    News

    Just two-thirds of master trusts will deliver ‘moderate’ retiree outcomes

    2022-05-12T00:00:00Z

    On the go: There is at least a 600 basis point difference in returns between the top and bottom-performing master trust providers due to a wide variety of approaches to default investment strategies, according to research by LCP.

  • News on the go
    News

    Public scheme bulk transfers resume after McCloud

    2022-05-12T00:00:00Z

    On the go: Bulk transfers between public service pension schemes have recommenced in England, Scotland and Wales, after they were put on hold due to uncertainty over the impact of the McCloud judgment.

  • Pexels - khwanchai-phanthong)
    News

    Scottish Widows: Providers need to treat customers like human beings

    2022-05-11T00:00:00Z

    Pension providers need to do more to satisfy customers along their complicated retirement journeys — otherwise the industry is at huge risk of being blamed for not doing enough, according to Cheryl Black, independent trustee on the Scottish Widows Master Trust.

  • News on the go
    News

    Loughborough Uni and UCU warn USS against reducing contributions

    2022-05-10T00:00:00Z

    On the go: Positive changes resulting from the next valuation of the Universities Superannuation Scheme should be used to improve member benefits, Loughborough University and the University and College Union have argued.

  • Bloomberg
    News

    Profit warnings from companies with DB scheme surge 46%

    2022-05-10T00:00:00Z

    Profit warnings from UK public companies with a defined benefit pension scheme increased 46 per cent between the starts of 2021 and 2022, as consumer and industrial sectors bear the pain of rising costs and supply chain disruption.

  • Bloomberg
    News

    Tesco: 9 in 10 members seek trust and safety in an ESG strategy

    2022-05-10T00:00:00Z

    Members want a responsible investment strategy to deliver growth, but they also want to have trust in their scheme and ensure their savings are safe, according to research on Tesco’s defined contribution scheme members.

  • Fotoware
    News

    Scheme costs ‘could increase’ under plans to promote illiquids in DC

    2022-05-09T00:00:00Z

    The Department for Work and Pensions’ plans to promote investment in illiquid assets could end up increasing costs for members and raise the regulatory burden on schemes without improving retirement outcomes, consultants have warned. 

  • News on the go
    News

    Majority of women lower pension payments due to caring duties

    2022-05-09T00:00:00Z

    On the go: Women are concerned about their pension provision after having to reduce or stop payments due to going part-time or taking a career break, according to research by Working Wise.

  • Pexels
    News

    FTSE 350 DB deficit reaches two-year low amid bond yield rise

    2022-05-04T00:00:00Z

    The accounting deficit of the defined benefit schemes of the UK’s 350 biggest public companies fell to £45bn at the end of last month — a level last seen in April 2020.

  • News on the go
    News

    Clara ‘in talks’ to raise £100mn of new funding

    2022-05-04T00:00:00Z

    On the go: Clara-Pensions, the first defined benefit “superfund” to be approved by the Pensions Regulator, is in talks to raise £100mn of new funding.

  • Airubon/Dreamstime
    News

    DIY strategies are ‘better and cheaper way’ to do ESG investing

    2021-08-11T00:00:00Z

    Customisation of index strategies and direct ownership of equities is a more efficient and cost-effective way of investing sustainably than using ‘off-the-shelf’ index products, according to SigTech, which offers quant technologies to investors. 

  • News on the go
    News

    TPR abandons plans to impose cap on illiquid assets

    2021-08-06T00:00:00Z

    On the go: The Pensions Regulator has dropped controversial plans to limit the amount funds can put into illiquid assets after the government urged trustees to invest in more long-term assets such as infrastructure to support the UK recovery.

  • Podcasts
    Podcasts

    Podcast: Market capacity may be barrier to DC scheme consolidation

    2021-08-05T00:00:00Z

    Podcast: There may be limited capacity in the master trust market to take on a rush of defined contribution pension funds as the government continues with its consolidation push, according to Kim Gubler, chair of the Pensions Administration Standards Association, and David Saunders, senior partner elect at Sackers. In this episode, our panellists also discuss Aon and Willis Towers Watson’s abandoned merger, new developments in the pensions dashboards project and the regulator’s review of schemes eligible for the Fraud Compensation scheme.  

  • Getty Images
    News

    Stronger pension risk transfer market expected in H2 after ‘Covid hangover’

    2021-08-04T00:00:00Z

    The pensions risk transfer market will pick up for the last six months of 2021 with an expected strong pipeline after a subdued first half, according to Legal & General and Willis Towers Watson.

  • Jeff J Mitchell/Getty Images
    News

    Public pension fund staging on dashboards could be set for delays

    2021-08-03T00:00:00Z

    Administrative burdens from the McCloud/Sargeant judgments to remedy age discrimination could delay the staging of public pension funds onto dashboards and cause confusion for members.

  • News on the go
    News

    Meggitt scheme trustee agrees funding plan in takeover

    2021-08-02T00:00:00Z

    On the go: The trustee of the Meggitt defined benefit scheme has agreed a funding plan with Parker Hannifin as part of its deal to acquire the British aerospace and defence markets components company.

  • News

    Credit markets bounce back, but risks still lurk

    2020-11-11T00:00:00Z

    Credit marketsbounce back, butrisks still lurkAfter a massive sell-off in March,the current environment looksattractive for credit followingcentral bank intervention — butare market conditions detachedfrom the stark economic risks?Enterkeywords.sh_embed {position: relative;height: auto;width:100%;z-index: 0;overflow: hidden;background-color: #222;color: white;font-family: 'Lato', 'Helvetica Neue', Helvetica, Arial, sans-serif;}.sh_embed * {-webkit-box-sizing: border-box;-moz-box-sizing: border-box;box-sizing: border-box;}.sh_embed .sh-embed-bg {position: absolute;width: 110%;height: ...