All articles by Stephanie Hawthorne – Page 6
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QE is running out of steam in all markets, Amundi finds
On the go: Quantitative easing has destabilised pension finances and is at the point of reducing returns, according to research from Create-Research and asset manager Amundi.
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OECD: One in three workers risks falling through the pension cracks
Pensions provision has not caught up with the 21st century phenomenon of the non-standard worker, as this type of employment now accounts for one in three jobs in OECD countries, a new report has revealed.
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NewsAlmost 200 schools leaving Teachers’ Pension Scheme
More than one in 10 private schools participating in the Teachers’ Pension Scheme are leaving the pension fund, with the majority opting for a defined contribution arrangement to avoid a massive increase in contributions.
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Fiduciary tenders become mandatory for 20% of assets
On the go: The Pensions Regulator has updated its trustee guidance to reflect new requirements to tender for fiduciary management services.
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Academics union questions regulator’s oversight of USS
Academics have expressed disquiet over the role of the Pensions Regulator in the governance in one of the largest occupational pension schemes in the UK.
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NewsPlumbers call for trustee chair to resign over pensions debacle
An action group is calling for the resignation of Alan Pickering CBE as chairman of the Plumbing and Mechanical Services Industry Pension Scheme.
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One in four employees fails to review their pension
On the go: Employees’ lack of engagement with later-life finances remains a major issue, with one in four never even reviewing their pension. This lack of preparation is impacting lifestyle choices, with a quarter of employees now expecting to work in retirement.
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Scottish plumber’s plight highlights ongoing Section 75 issue
The boss of a small Scottish plumbing company is the latest to receive a bill of more than £1m to cover a shortfall in a multi-employer defined benefit scheme.
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Will Generation X be the most vulnerable at retirement?
On the go: Thirteen million people born between 1966 and 1980, the so-called Generation X, will face acute problems as they come up to retirement in the next 12 to 28 years unless decisive action is taken, according to the Pensions Policy Institute.
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FCA scam warning: 22 years of pension savings gone in 24 hours
On the go: Victims of pension scams lost an average of £82,000 to fraudsters last year, equivalent to 22 years’ worth of savings evaporating within 24 hours, according to the Pensions Regulator and the Financial Conduct Authority.
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News62 private schools exit teachers’ scheme as costs rise by 43%
A total of 62 independent schools have told the government they plan to leave the Teachers’ Pension Scheme, with more set to follow.
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NewsMothercare UK pensioners avoid PPF haircut with restructure
A transfer of sponsor has saved Mothercare UK’s pension schemes from falling into the Pension Protection Fund, following the collapse of the retailer into administration on Tuesday.
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Authorisation sees master trust market shrink to 37 providers
On the go: A final total of 37 master trusts have received authorisation from the Pensions Regulator, with the FCA Pension Plan and Salvus Master Trust the last to get the go-ahead on Tuesday.
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Johnson lambasts billion-pound costs of LGPS
The stellar investment returns of the Local Government Pension Scheme over the past decade may be overplayed, according to a leading expert from a right-wing think tank, who also controversially claimed that the scheme offers poor value for money.
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Regulator under fire for insurance supervision
On the go: The Prudential Regulation Authority has been criticised over its supervision of the insurance sector, and in particular the proposed transfer of £12bn of annuities by Prudential to Rothesay Life.
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Nearly one in five schemes use FM as green issues come to the fore
On the go: Despite a regulatory investigation, assets managed by fiduciary managers have broken the £170bn barrier, up 21 per cent from £142bn in 2018.
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Aviva staff scheme completes first buy-in
On the go: Aviva Life & Pensions UK has completed a £1.7bn bulk annuity buy-in of the Aviva Staff Pension Scheme.
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PPF aims to spruce up assessment panel as it tenders for 10 experts
On the go: The Pension Protection Fund has set the ball rolling for a retender of its assessment period trustee panel with a special focus on corporate restructuring and insolvency proceedings.
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KPMG in exclusive talks with Exponent to sell pensions arm
On the go: KPMG has confirmed that it is in exclusive talks with private equity firm Exponent to offload its pensions arm.
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ACA: Widespread indecision over complexity and cost of GMP equalisation
On the go: The complexity and cost of equalising guaranteed minimum pensions is a major concern for many employers, who have yet to decide on how they should respond to the legal requirement to act, according to Association of Consulting Actuaries research.