Latest articles from Stephanie Hawthorne

Co-op trustees opt for green default fund with LGIM

News On the Go

On the go: The trustees of the £11bn Co-op pension scheme, Pace, have chosen Legal & General Investment Management’s Future World Multi-Asset Fund as the default for its defined contribution section.

World’s largest companies fail to meet Paris climate goals

News On the Go

On the go: Only one in eight of the world’s largest-emitting companies are reducing carbon emissions at the rate required to keep global warming below 2C, a major new report has found.

£700m business premiums for Rothesay Life after H1 pension deals

News On the Go

On the go: In a trading update issued on July 5, insurer Rothesay Life said that in the first half of 2019 it assisted four pension schemes to de-risk their liabilities, resulting in new business premiums of £700m.

Sir Steve: Government still dragging its heels on pensions equality

News On the Go

On the go: The government is still dragging its heels on pensions equality, former pensions minister Sir Steve Webb has argued.

Pension changes could result in £260bn accounting gap, says XPS

News On the Go

On the go: UK companies could be understating their pension liabilities by as much as £260bn, according to XPS Pensions.

Largest ever claim dents PPF reserves

News On the Go

On the go: The Pension Protection Fund’s reserves fell to £6.1bn from £6.7bn, according to its latest annual report published today, the result of a record claim from the Kodak Pension Plan No 2.

FTSE 350 pension deficit falls by £9bn in June

News On the Go

On the go: The pension deficit for the UK’s 350 largest listed companies fell by £9bn to £48bn by the end of June from £57bn at the end of May, the most significant monthly improvement in funding levels since November 2018, according to Mercer.

TPR ponders mandatory professional trustee requirement

The Pensions Regulator is consulting on proposals to make it mandatory for a professional trustee to sit on every trustee board, in a bid to ramp up standards and drive consolidation.

TPR authorises four more master trusts

News On the Go

On the go: The Pensions Trust, Fidelity, Standard Life and Stanplan A have gained authorisation from the Pensions Regulator, bringing the total number of approved master trusts to 10.

Aviva launches ESG default fund

News On the Go

On the go: Aviva has launched a defined contribution default fund with environmental, social and governance considerations at its heart, in line with growing demand from workers.