Latest articles from Stephanie Hawthorne

‘Large casualties’ expected as master trust authorisation window closes

On the go: Thirty master trusts have applied for authorisation to the Pensions Regulator by the closing date for applications of March 31. A further 10 schemes have been granted an extension and are expected to file an application in the coming weeks.

FTSE 350 pension deficit reaches 18-month high

On the go: The UK’s 350 largest listed companies have seen the deficit of their defined benefit pension schemes reach an 18-month high, increasing from £45bn at the end of February to £55bn by the end of March, according to Mercer.

Select committee gives pension industry low marks for transparency

On the go: The pensions and financial inclusion minister Guy Opperman, and John Glen, the economic secretary to HM Treasury, were grilled by the Work and Pensions Committee investigating pension costs and transparency on Wednesday.

Transfer values rise sharply during March as demand remains high

On the go: Pension transfer values rose substantially during March, peaking at almost £251,000, according to consultancy XPS Pensions.

Pension professionals distrust consolidation, finds PMI poll

On the go: A significant minority of pensions professionals are distrustful of both defined contribution and defined benefit consolidation, according to a poll from the Pensions Management Institute.

Employers and academics rail against new USS contribution rate

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Employers and workers alike have expressed concern over proposed contribution hikes to Britain’s biggest private sector pension scheme, the £63bn Universities Superannuation Scheme.

Trustees lukewarm on consolidator benefits

News On the Go

On the go: Most defined benefit trustees doubt the ability of commercial consolidators to improve their members’ security, according to a new survey that also reveals widespread ignorance of the two new players in the market.

Covenant risk tops trustees’ list of concerns

News On the Go

On the go: Employer covenant risk is defined benefit pension schemes’ greatest worry, according to a poll of 42 trustees and their advisers by professional trustee company PTL.

Life expectancy in London boroughs varies by 20%

News On the Go

On the go: There are huge differences in life expectancy in the UK, even across neighbouring postcodes, data specialist CACI has found.

PPF seeks member representative for board position

On the go: The Pension Protection Fund is taking a novel approach to recruitment, seeking a board member who has been compensated by the fund.