Latest articles from Stephanie Baxter

Annuities make slow comeback as retirees look for income certainty

Bloomberg

After a decline in annuity sales following the pension freedoms, the market seems to have levelled off with purchases accounting for around 10 per cent of total market share, according to the Pensions Policy Institute. 

Civil service to hold pensions strike vote

News on the go

On the go: The civil service and related public sector areas are set to vote on industrial action over pay, pensions and redundancy terms this autumn. 

Record numbers of FTSE 350 DB schemes are in surplus

Chris Ratcliffe/Bloomberg

More than six in 10 FTSE 350 defined benefit scheme sponsors have reported a pensions accounting surplus as at the end of 2021, while the aggregate surplus has almost doubled in the past months.

Trustees warn single code will be significant resource drain

iStock/stanciuc

Uncertainty over the forthcoming changes in the Pensions Regulator’s new single code of practice is causing anxiety among trustees, as they expect it to have a huge impact on their time and resources.

IFS: Retirement spending increases between ages 62 and 80

Dreamstime

Individuals aged 62 to 80 and couples typically spend more in retirement, dispelling the assumption that spending decreases in later life, according to research by the Institute for Fiscal Studies.

TUC urges govt action on ‘whopping’ gender pensions gap

Pexels/Tim Mossholder

The income gap between men and women in retirement has reached 38 per cent, more than twice the level of the gender pay gap, as women continue to be at a disadvantage in their later years.

Perceptions of TPR’s performance quality deteriorate in 2021

Dreamstime

The perception of the Pensions Regulator’s performance quality diminished last year, according to the watchdog’s ‘Perceptions of TPR’ report.

PASA bolsters cyber attack admin checklist amid crime surge

Fotoware

The Pensions Administration Standards Association has published a new cyber crime checklist, advising administrators to keep up to speed with legislation and assess their vulnerabilities to cyber attacks amid a spike in online criminal activity.

Pensions sector warned as business data breaches almost triple

News on the go

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.

Government issues call for evidence on climate investment

News on the go

On the go: The UK government is exploring ways to increase the mobilisation of public and private investment to achieve 2030 climate and nature targets in emerging and developing economies, having launched a call for evidence on May 12.