Latest articles from Stephanie Hawthorne

TPR publishes new DC investment guidance

News On the Go

On the go: The Pensions Regulator has updated its DC investment guidance to incorporate new regulations on environmental, social and governance risk coming into force from October 2019 and October 2020. 

UCU threaten autumn strikes after USS whistleblowing

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The University and College Union has outlined a timetable for industrial action at UK universities later this year, demanding concrete action from employers to improve pay and secure pensions.

Regulator keeping 'careful eye' on watch list of 50 schemes

The Pensions Regulator has a watch list of 50 defined benefit schemes it is most concerned about, the watchdog’s chief executive, Charles Counsell, has revealed.

Hidden drawdown dangers for 615,000 retirees

News On the Go

On the go: Hundreds of thousands of over-55s are unaware they can scale back or stop their withdrawals from their drawdown income, putting them in danger of draining their retirement savings too rapidly.

ExxonMobil and MetLife fail to meet LGIM’s climate change criteria

News On the Go

On the go: Legal & General Investment Management is removing five companies from its Future World Fund range for failing to meet stringent climate change criteria.

Pension scheme membership rises to record 45.6m

News On the Go

On the go: Total membership of occupational pension schemes in the UK reached 45.6m in 2018, up from 41.1m in 2017, according to new Office for National Statistics data.

Employers exposing staff to unexpected tax charges, warns Aon

News On the Go

On the go: Members of pension schemes with group life cover and their beneficiaries may face unexpected tax charges, with many employers yet to update their provision since the 2006 introduction of the lifetime allowance.

Pensioner poverty rises for the first time since 2011-12

News On the Go

On the go: After more than two decades of virtually continual falls, pensioner poverty has shown a stark rise.

75% of DB funds paying out more money than they receive, finds Buck

News On the Go

On the go: Three-quarters of defined benefit schemes are now cash flow negative with contributions no longer sufficient to meet regular benefit payments, according to Buck.

FCA plans to ramp up supervision of transfer advice market

News On the Go

On the go: The Financial Conduct Authority intends to ramp up its supervision of the most active firms in the transfer advice market, after finding that 69 per cent of people seeking advice had been recommended to transfer between 2015 and 2018.