Latest articles from Stephanie Hawthorne

Tax regime ripe for reform says AJ Bell as 12,000 lose LTA protection

On the go: Over 12,000 pension savers have breached lifetime allowance ‘protections’ in the past 12 years, leaving them to face tax bills running into hundreds of thousands of pounds.

TPO orders trustees to repay £2.4m into pension scheme

On the go: The Pensions Ombudsman has required the trustees of Henry Davison Limited Pension Scheme to repay £2.4m back into the scheme.

Fiduciary managers struggle in 2018’s testing markets

On the go: Fiduciary managers significantly undershot their targets in 2018, with underperformance ranging from 6 per cent to more than 11 per cent, according to the first XPS FM Watch report.

Higher pension costs could see 57 schools closing

On the go: Fifty-seven independent schools could close because of the £1.1bn rise in the employers’ contribution to the Teachers’ Pension Scheme from September 1 2019, with a further 185 withdrawing from the scheme.

British Airways agrees settlement with APS

News On the Go

British Airways has finally agreed an out of court settlement with the trustees of the Airways Pensions Scheme.

L&G legacy pension members face higher charges, finds IGC

On the go: In its fourth annual report, Legal & General's independent governance committee gave the company an overall high score, but flagged up steep charges on legacy pension products.

PLSA policy board sets priorities for next four years

On the go: The Pensions and Lifetime Savings Association’s new policy board has set its priorities for the next four years, with specialist sub-committees formed for defined benefit and defined contribution schemes, local authority schemes and master trusts.

Church of England scheme gives ultimatum to mining companies

On the go: In the wake of the collapse of the tailings dam in Brumadinho, Brazil, which killed at least 84 people and left hundreds missing, 96 institutional investors have been stirred into action.

Workers unaware of auto-enrolment contribution hike

On the go: More than a quarter of workers are unaware of auto-enrolment increases taking effect from Saturday, according to Aviva research.

Govt greenlights dashboards but timetable questioned

On the go: Pension schemes will be allowed up to four years to submit data to the pensions dashboard, sparking concerns that services appearing later this year will not be comprehensive.