Latest articles from Stephanie Hawthorne

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.

Are DC defaults still lagging on ESG?

Master trust Nest is ahead of the curve when it comes to environmental, social and governance considerations, and while other schemes are catching up, there is still a lot of progress to be made.   

Investment Association in push for more black fund managers

News On the Go

On the go: The Investment Association is leading a drive to recruit more black fund managers, after a new report revealed the poor extent of black representation in the industry.

Nest to divest all tobacco holdings

On the go: Nest is to sell all its tobacco shares, the master trust has announced, as it warned of impending regulatory backlash against the sector.