Latest articles from Stephanie Hawthorne

FCA warns of looming retirement poverty prospect

On the go: Inadequate retirement incomes that do not meet consumers’ expectations remain the central challenge for the pensions industry, according to the Financial Conduct Authority.

Fees can cut returns by 25 per cent, finds ESMA

On the go: The EU’s financial regulator has warned of the impact charges can have on savers’ returns, in a sign of further pressure on investment managers to control fees.

Half of FTSE 100 liabilities funded to buyout levels by 2029

Analysis: Once a distant dream for employers, full buyout is now becoming a reality for defined benefit sponsors, with up to 15 FTSE 100 companies already in a position to offload their liabilities to insurers.

144% rise in number of businesses fined for auto-enrolment errors

On the go: The number of businesses fined by the Pensions Regulator for auto-enrolment errors has climbed 144 per cent to 35,810 in 2017-18 from 14,650 in 2016-17, according to recent analysis by commercial law firm EMW.

Whitbread derisks pension scheme with £380m one-off payment

On the go: The leisure group Whitbread has agreed with the trustee of its defined benefit pension scheme, the Whitbread Group Pension Fund, to make a one-off contribution to the pension fund of up to £380m.

Master trusts slow to seek authorisation from TPR

On the go: Master trusts continue to be tardy in applying for authorisation from the Pensions Regulator, with the watchdog revealing that it has only received six applications for authorisation as at December 31 2018.

SFGB opens for business

On the go: The Single Financial Guidance Body launches this week, as three existing providers of government-sponsored financial guidance merge.

PPF starts payments following ECJ ruling

On the go: The Pension Protection Fund has begun to top up the compensation of members receiving less than 50 per cent of their original pension promise, following a landmark ruling by the Court of Justice of the European Union.

ACA backs further AE reforms despite small employer opt-outs

Smaller employers expect a rise in the number of staff opting out of their auto-enrolment pension as minimum contribution rises bite, research has shown.

UK DB deficit shows modest improvement over 2018

On the go: The aggregate accounting deficit of all UK private sector defined benefit pension schemes has shown a modest improvement over the year, according to JLT Employee Benefits, falling to £107bn at December 31 2018 from £119bn a year earlier.