Latest articles from Stephanie Hawthorne

BoE highlights systemic risk of funds’ use of leveraged loans

On the go: Pension fund liability-driven investing techniques are among the systemic risks to the UK’s financial system highlighted by the Bank of England in a new report.

APPT delays start of professional trustee accreditation system

On the go: The start of the new process for accrediting professional trustees has been delayed. Originally set to start in the summer of 2019, arrangements are now expected to be finalised later this year. 

Supreme Court denies BT right to appeal in £2bn indexation battle

On the go: The Supreme Court has denied BT the opportunity to appeal against the Court of Appeal’s ruling preventing the company from downgrading the inflation protection given to some of its defined benefit members.

£2.2bn Mercer Master Trust gains authorisation

On the go: The £2.2bn Mercer Master Trust has gained authorisation from the Pensions Regulator. The trust has 71,000 savers in the UK and is the 11th trust to gain the watchdog’s approval. 

More than 150,000 seek guidance from Pension Wise, but huge gaps remain

On the go: The total number of people receiving help from Pension Wise soared to 167,726 in 2018-19 from 60,939 in 2015-16.

Co-op trustees opt for green default fund with LGIM

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

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

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

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

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