Latest articles from Stephanie Hawthorne

TPR: 400 schemes fail to review data within three years

News On the Go

On the go: The Pensions Regulator is demanding that four hundred pension schemes review their data urgently within six months as part of a crackdown on poor record-keeping, with tough sanctions for non-compliance.

Ombudsman upholds complaint against LGPS despite predator warning

News On the Go

On the go: The Pensions Ombudsman has upheld a complaint against Hampshire County Council and the Hampshire Pension Fund involving a transferring member who fell victim to a scam.

Electricals scheme agrees UK’s largest ever buyout deal

News On the Go

On the go: Rothesay Life has agreed the largest buyout ever undertaken in the UK, with £4.7bn of assets and liabilities transferring to it from the GEC 1972 plan.

Field questions Thomas Cook trustee attempts to secure funding

News On the Go

On the go: Following the collapse of Thomas Cook, the chair of the Work and Pensions Committee Frank Field MP has probed the chair of the airline’s pension scheme trustee board on several issues.

PPF increases levy estimate by 8%

News On the Go

On the go: The Pension Protection Fund has raised the levy it charges employers sponsoring defined benefit schemes, as worsening underfunding and declining gilt yields take their toll on the sector.

Retirees emptying their pots at record rates

News On the Go

On the go: Retirees are withdrawing funds from their pension pots at unsustainable levels, according to the Financial Conduct Authority’s latest retirement data bulletin published today.   

Maps appoints 10 dashboard steering group members

News On the Go

On the go: The Money and Pensions Service has named 10 steering group members to represent consumers, fintech, financial services, and the pensions sector to drive forward delivery of the pensions dashboard.

ONS: Life expectancy edges up

News On the Go

On the go: Life expectancy in the UK has resumed its gradual increase after appearing to flatline last year, according to the Office for National Statistics.

Workplace DC ‘should favour venture capital despite risks’

News On the Go

On the go: Workplace savers may be missing out on opportunities for better returns if their pension schemes avoid venture capital, a report published on Wednesday has claimed.

GMP compensation could cost members thousands in extra tax

News On the Go

On the go: Inadvertent action by an employer or pension scheme to compensate scheme members for inequalities in guaranteed minimum pensions could invalidate longstanding protection from onerous tax burdens, landing wealthy pensioners with tax bills of hundreds of thousands of pounds.