Latest articles from Stephanie Hawthorne

FCA paper highlights intergenerational disparity

News On the Go

On the go: The Financial Conduct Authority’s new discussion paper on intergenerational shifts highlights the disparity in pensions, mortgages, consumer credit and insurance coverage of UK citizens from millennials to baby boomers.

MPs query Lloyds Bank chief executive’s high pension award

News On the Go

On the go: In a letter to Lloyds Banking Group, the chairs of two parliamentary select committees have questioned pension and share awards at the bank, following reports that chief executive António Horta-Osório has “voluntarily” given up a portion of his pension.

Pensions still high on FCA agenda despite Brexit demands

On the go: Dealing with Brexit is the Financial Conduct Authority’s overarching concern, its business plan for 2019-20 reveals, but pensions are still high on its agenda.

LGIM votes against record number of companies in 2018

On the go: Legal & General Investment Management has broken its record for voting against companies of which it is a shareholder, as the asset manager tries to cement its stewardship credentials.

BlueSky and Crystal master trusts gain authorisation

On the go: Two more master trusts have gained authorisation from the Pensions Regulator, bringing the total approved schemes in the sector to five.

Field: Sir Philip Green up to 'old tricks again' with Arcadia

On the go: The Work and Pensions Committee has condemned proposals to cut deficit recovery funding for the Arcadia pension schemes.

ONS: Three in four people now members of a workplace pension

On the go: Since the introduction of auto-enrolment in 2012, the proportion of UK employees enrolled in a workplace pension has soared from 47 per cent to 76 per cent in 2018, according to research published today by the Office for National Statistics.

Tax regime ripe for reform says AJ Bell as 12,000 lose LTA protection

On the go: Over 12,000 pension savers have breached lifetime allowance ‘protections’ in the past 12 years, leaving them to face tax bills running into hundreds of thousands of pounds.

TPO orders trustees to repay £2.4m into pension scheme

On the go: The Pensions Ombudsman has required the trustees of Henry Davison Limited Pension Scheme to repay £2.4m back into the scheme.

Fiduciary managers struggle in 2018’s testing markets

On the go: Fiduciary managers significantly undershot their targets in 2018, with underperformance ranging from 6 per cent to more than 11 per cent, according to the first XPS FM Watch report.