Latest articles from Stephanie Baxter

TUC urges govt action on ‘whopping’ gender pensions gap

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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

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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

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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.

BT slashes pensions deficit by £4bn in one year

News on the go

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.

WPC seeks auto-enrolment input from employers and trade unions

News on the go

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”. 

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

News on the go

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.

Public scheme bulk transfers resume after McCloud

News on the go

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.

Scottish Widows: Providers need to treat customers like human beings

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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.