Latest articles from Stephanie Baxter

Loughborough Uni and UCU warn USS against reducing contributions

News on the go

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.

Profit warnings from companies with DB scheme surge 46%

Bloomberg

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.

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

Bloomberg

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.

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

Fotoware

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. 

Majority of women lower pension payments due to caring duties

News on the go

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.

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

Pexels

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.

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

News on the go

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.

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

Dreamstime

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. 

TPR abandons plans to impose cap on illiquid assets

News on the go

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.  

Weekly Roundup: Yet more woes for exhausted doctors

Pexels

This week — GPs' pension portal needs a health check, the fallout from the McCloud/Sargeant judgments could cause problems for dashboards, a call for greater diversity among asset managers, and a growing deficit at the Universities Superannuation Scheme.