Latest articles from Stephanie Hawthorne

Cheshire in the vanguard on TCFD carbon revelations

The Cheshire Pension Fund is one of the first UK pension funds to report on the carbon footprint of its £6.1bn investment portfolio, estimating that its stock portfolio’s carbon intensity is a third less than the benchmark.

Tisa backs AE pause for strapped low earners but no respite for employers

Analysis: Pensions policy experts are split over whether the government should begin to ramp up automatic enrolment contributions with an ‘opt-down’ for low earners, after recent calls to reform the landmark pensions policy.

Barclays Bank coughs up £750m in unusual DRC move

In an unusual arrangement, Barclays Bank UK Retirement Fund’s deficit recovery plan remains on track through a self-investment, as the scheme subscribed to a £750m bond issued by an entity of the banking group.

Scottish Widows snares top hire from Legal & General

Veteran professional David Butcher has just taken on a new dual role as a member of the master trust board and independent governance committee at Scottish Widows, moving from Legal & General’s master trust board.

Ombudsman decision sets financial loss precedent

A recent Pensions Ombudsman determination has opened the floodgates for financial loss claims resulting from the mere possibility of missing out on stock market profit, due to trustees being tardy in processing transfers.

Escott on the fast track to Railpen

Caroline Escott

High flyer Caroline Escott joined Railpen on September 1 as senior investment manager for active ownership. At just 36, and a millennial in a senior role, she is a rarity in the six trillion-pound pension industry, not noted for diversity.

TPR in discussions with Plumbing trustees over governance failures

The Pensions Regulator has been in discussions with the trustees of the Plumbing and Mechanical Services Industry Pension Scheme, who face criticism for governance failures amid a long-running debacle that could send plumbers into bankruptcy.

Experts query whether £31m offer will satisfy TPR in Box Clever case

ITV has put forward an initial offer of £31m to the Pensions Regulator of financial support for the struggling Box Clever Pension Scheme, following an eight-year courtroom battle.

‘Make or break year’ for frustrated DB consolidators

Analysis: Long-heralded defined benefit consolidators have yet to win a single client, but the prospect of mass insolvencies on the horizon could force trustees to test new derisking solutions.

South Yorks breezes through Covid but warns of potential danger ahead

The South Yorkshire Pensions Authority is reducing its exposure to equity market risk, after it escaped the Covid-19 crisis largely unscathed.