Latest articles from Stephanie Hawthorne

National Pension Trust files for authorisation days before deadline

On the go: With just days to go before the deadline of March 31, the National Pension Trust has submitted its application to The Pensions Regulator for master trust authorisation.

Employers reject call for contingency contributions from USS

On the go: At least two employers, including the University of Oxford and the University of Sheffield, have rejected the call for contingent contributions in a consultation from Britain’s largest private sector pension scheme, the Universities Superannuation Scheme.

Inertia and engagement both have a place in pension comms

Analysis: Defined contribution schemes have been warned to “adapt or die” on member communications, with a range of experts calling for a rethink of engagement.

Third of people unaware of pensions tax relief

News On the Go

On the go: Across the UK, there are huge gaps in pensions knowledge, with 35 per cent of people unaware that the government contributes to pensions through tax relief.

Spring Statement: Government responds to RPI flaws

News On the Go

On the go: The government is still considering whether to take action on problems with the retail price index, it was announced after the Spring Statement yesterday.

Field condemns TPR failure to act on Johnston Press pension

On the go: The chair of the Work and Pensions Select Committee has condemned the Pensions Regulator’s finding that restructured publisher Johnston Press did not use a ‘pre-pack’ insolvency to avoid its pension obligations.

Scottish Borders fund opts for sustainable equities

On the go: The £711m Scottish Borders Council Pension Fund has become the first UK local authority pension fund to invest in Morgan Stanley Investment Management’s Global Sustain Strategy.

FTSE350 pension deficit rises to £45bn

On the go: The total deficit of FTSE350 companies’ defined benefit pension schemes increased to £45bn from £41bn at the end of February. The move was caused by an increase in liabilities to £811bn from £806bn, partially offset by asset values increasing to £766bn from £765bn, according to Mercer figures released this week.

Bulk annuity volumes beat expectations with £24bn in 2018

On the go: Legal & General took the largest share of the bulk annuity market in 2018, accounting for 35 per cent of the sector, in a year when buy-ins and buyouts totalled £24bn.

Employers keep workers in the dark on pension freedoms

On the go: Some employers are still sticking their heads in the sand when it comes to pensions reforms. Only 59 per cent have alerted their employees to pension freedoms, according to the Employer Engagement Survey 2018 published by the Department for Work and Pensions in March 2019.