Latest articles from Stephanie Hawthorne

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.

‘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.