Latest articles from Stephanie Hawthorne

UK schemes deficit falls to £6.4bn

News On the Go

On the goThe aggregate deficit of the 5,450 UK defined benefit schemes in the PPF 7800 Index fell to £6.4bn at the end of April 2019 from £43.9bn at the end of March 2019.

TPR targets employers who flout auto-enrolment law

News On the Go

On the go: Employers who avoid their auto-enrolment pension duties are being targeted by the Pensions Regulator in a new round of short-notice inspections.

Master trust authorisation period closes with 38 left in the running

News On the Go

On the go: A total of 38 master trust authorisation applications had been submitted to The Pensions Regulator by Tuesday, as the extension period closed with more casualties expected.

DOIs: Could a cup of coffee lead to £1m DB fine?

A lack of clarity on proposed new legislation means a meeting over a cup of coffee to discuss a corporate transaction could cost an employer up to £1m in civil fines if a declaration of intent is not made in advance, according to law firm Pinsent Masons.

Members ‘blissfully’ unaware of pension minefield ahead

News On the Go

On the go: Pension scheme members nearing retirement are ill-prepared for the problems they face when accessing their pensions, ranging from paying too much tax, to running out of money before the end of their days, or even losing their life savings to scams, according to a new survey of trustees.

Employers and unions rail against latest USS proposals

News On the Go

On the goAcademics and employers have expressed their disappointment at the latest Universities Superannuation Scheme proposals in the long-running pensions dispute which saw universities brought to a standstill last year. 

TPR to issue two consultations on plans for a clearer DB funding framework

News On the Go

On the go: The Pensions Regulator has announced its intention to launch two consultations – the first to be published this summer – as part of the watchdog’s plans to make the funding standard for defined benefit schemes clearer.

AkzoNobel valuation results in £550m Q1 funding call

Dulux paint

Many UK and overseas firms with UK legacy pensions schemes are having to dig deep to bring them back on the road to recovery. One stark example is that of AkzoNobel, which made massive scheme top-ups in the first quarter of this year.

70,000 DB members exercise freedoms each year, research shows

News On the Go

On the go: Some 70,000 members could be leaving defined benefit schemes each year, according to research by XPS Pensions.

Link Pension Trustees receives record fine of £104k from TPR

News On the Go

On the go: The Pensions Regulator has fined professional trustee company Link Pension Trustees, a total of £103,750 for breaching multiple areas of pension law. This is the largest ever fine handed to trustees by the watchdog.