All articles by Stephanie Hawthorne – Page 5
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News
Lords bill on TPR dividend approval and scrapping PPF cap resurfaces
On the go: A bill that would give the Pensions Regulator approval over company dividends payments and remove the cap on compensation payments made by the Pension Protection Fund has returned to the House of Lords.
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News
State pension age campaigners granted leave to appeal judicial review
On the go: The BackTo60 group has been granted leave to appeal a High Court decision, and will be taking its fight against state pension age rises for 1950s-born women to the court of appeal.
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News
Pensions experts predict RPI limbo for years to come
Experts have condemned delays in publishing a long-awaited consultation on reforms to the retail price index, since its outcome could radically alter the fortunes of pension funds and pensioners.
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News
Post Office workers set to receive scheme surplus spoils
Members of the Post Office section of the Royal Mail Pension Plan may be in line to receive a windfall, with the trustee considering how to share a £28m surplus as the scheme moves to partial buyout.
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Features
TPR: 700 DB schemes may never reach full funding
Data crunch: Forty-nine defined benefit schemes are in a parlous state with funding under 50 per cent of their liabilities, the latest data from the Pensions Regulator reveals.
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News
Landmark vegan case could disrupt pensions industry
A landmark ruling finding that veganism is a philosophical belief will have a wider impact in the pensions industry, experts say, but warn trustees to avoid making knee-jerk changes to their schemes.
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News
One third of investment firms lacking on systematic ESG analysis
On the go: Nearly a third of investment managers do not consider environmental, social and governance factors systematically across all asset classes, despite claims from the majority that they invest responsibly, according to a report from LCP.
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News
Scottish local funds urged to develop information standards
Inconsistencies and lack of standardisation in information are frustrating efforts to make a ‘like-for-like’ comparison between local authority funds in Scotland, a new government report has found.
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News
Pensions Ombudsman reports Green Coal to TPR
On the go: The Pensions Ombudsman has reported the Green Coal Limited Occupational Pension Scheme to the Pensions Regulator with concerns over the “status of the scheme”, after upholding a complaint against it.
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Features
Cameron: Hold government to auto-enrolment promises
Steven Cameron is a pensions legend, having notched up an impressive 35 years in the industry. Despite this, his enthusiasm remains undimmed, and has the Aegon public affairs director taking a new role as chair of The Investing and Saving Alliance’s retirement policy council.
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News
Scandal-ridden Equitable Life finally wound up
On the go: Equitable Life has finally passed into oblivion, closing its doors to a dwindling band of existing policyholders and falling into the hands of Utmost, a private equity firm that mops up old life companies.
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NewsLawyers demand simpler system to rectify drafting mistakes
Lawyers are urging reform to ease the correction of obvious drafting mistakes in pension scheme rules, after Lloyds Bank was forced to go to the High Court to avoid a £25m hit to its liabilities.
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News
Pension funds in line for forex multibillion-pound bonanza
UK pension funds could be in line to receive billions of pounds in compensation from five banking giants, as a former chairman of the Pensions Regulator takes them to court in one of the first US-style class actions in the UK.
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News
Pension cuts for FTSE directors moving at snail’s pace
Data crunch: Despite 30 FTSE 100 companies having already announced changes to their pension contribution rates for executive directors, there is still a long wait to go until there is parity in contributions between bosses and their workers, experts warn
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News
Trustees receive positive sign from ombudsman on scam checks
Trustees and administrators must maintain the utmost vigilance against scammers, industry experts warn, despite a Pensions Ombudsman determination on a £367,601 loss to fraudsters favouring the ceding pension scheme.
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News
Transport firms set to miss emissions targets
On the go: Fewer than one in five transport companies are on track to limit climate change to 2C, according to the Transition Pathway Initiative, as the imperative for asset owners to take action intensifies.
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News
DB deficits at lowest value since May
On the go: The deficit of UK corporate defined benefit schemes dropped by £30bn to £190bn during November – its lowest level since May, when it reached £180bn, according to PwC.
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News
Latest housing association to exit multi-employer scheme
On the go: Housing association Metropolitan Thames Valley has left the Social Housing Pension Scheme, a multi-employer defined benefit plan run by TPT Retirement Solutions, transferring its assets and liabilities to master trust Enplan.
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News
USS CEO defends pension actions as academics strike
On the go: Universities Superannuation Scheme chief executive Bill Galvin has defended the plan’s approach to valuing its liabilities, in a radio interview on the last planned day of strikes at Britain’s higher education institutions.
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News
Royal London issues guidance for trustees when appointing IFAs
On the go: There is no right answer to whether trustees should be appointing financial advisers to help members make retirement decisions. However, doing nothing is not a risk-free option, a new policy paper from Royal London and Eversheds Sutherland has stated.