Latest articles from Stephanie Hawthorne

Minnows make land grab from Big Four as audit fees set to rise

Dreamstime

The cosy oligarchy of the Big Four accounting firms — PwC, Deloitte, EY and KPMG — is set to be shaken up in 2021 as mid-tier companies eye their bread-and-butter work of pension scheme auditing.

Housing charities face 50% hike in pension costs

iStock

Hard-pressed housing associations, many of them charities, could face a huge increase in pension contributions to the Social Housing Pension Scheme in an attempt to plug a larger-than-expected £1.6bn deficit.

Lawyers warn of regulatory torrent in 2021

High Court

Trustees, employers and their advisers should brace themselves for a deluge of legislation and regulation in 2021 delayed by Brexit and the Covid-19 crisis, according to legal experts.

DC in 2021: Master trusts run while dashboards crawl

Pensions dashboard screenshot

While the headlines are drawn to Brexit, Covid-19, and possibly its impact on defined benefit schemes, pensions commentators say an unstoppable force will continue to move steadily on: the consolidation of the defined contribution pensions sector.

Engineering group speeds up derisking as market nears £30bn

Industrial engineering (teaser)

At the tail end of what has been the second biggest year ever for derisking transactions, engineering services group Renew Holdings completed a £110m buy-in with Rothesay Life for its Lovell Pension Scheme.

Trustees warned not to miss CMA’s self-certification January deadline

Fears are mounting that Christmas and remote working may cause trustees to miss a vital deadline in January to comply with new Competition and Markets Authority rules.

Tyrwhitt Drake takes the reins as CEO at Pensions for Purpose

Charlotte Tyrwhitt Drake is poised to take over as chief executive of Pensions for Purpose in January, after joining as a director in July 2020 from Kempen Capital Management.

TPS phased withdrawal plan arrives too late for hundreds of schools

Teachers’ organisations and pension professionals have given a lukewarm welcome to the Department for Education’s proposal to allow independent schools to retain Teachers’ Pension Scheme membership for existing staff, while at the same time offering private plans for new staff.

Pension professionals demand pause to TPR’s tough stance on funding

The UK could face a tidal wave of insolvencies and job losses in the coming winter months. With this bleak prospect looming, pension professionals are calling for a more pragmatic approach from the Pensions Regulator on scheme funding.

Professional trustees: ‘quis custodiet ipsos custodes?’

Analysis: With consolidation now the name of the game in the small world of pensions, trustee conflicts of interest could harm millions of pension scheme members’ prospects, as schemes eye superfunds and master trusts with vast sums at stake in fees.