Latest articles from Stephanie Hawthorne

PIC reinsures £1.2bn of longevity risk with SCOR

On the go: The Pension Insurance Corporation has finalised a £1.2bn longevity reinsurance contract with independent global reinsurance company SCOR.

DB schemes move into surplus

On the go: UK defined benefit pension schemes have moved into surplus after the Pension Protection Fund made changes to the way the PPF 7800 Index is calculated.

UK pension deficit could increase by £219bn in a hard Brexit

On the go: A no-deal Brexit could see the aggregate buyout deficit of UK pension funds rise by as much as £219bn (37 per cent), according to Cardano. 

Workers fear schemes will not deliver on their promises

On the go: People’s trust in pension systems remaining low is one of the findings of the OECD's recently published Pensions Outlook 2018.

Tower Hamlets completes £700m equity protection strategy

On the go: The London Borough of Tower Hamlets Pension Fund has undertaken a £700m equity protection strategy with Schroders.

Field calls for swift action from TPR on Johnston pre-pack

On the go: Chair of the Work and Pensions Committee, Frank Field MP, has written to the Pensions Regulator with serious concerns about the possible 'dumping' of pension liabilities using a pre-pack deal.

PMI report predicts just 20 master trusts in five years’ time

On the go: There will be no more than 20 master trusts in five years’ time, according to an influential report from the Pensions Management Institute, which predicts the new master trust authorisation regime will lead to widespread consolidation and collaboration.

DWP maintains £10,000 earnings threshold for 2019-2020

On the go: The Department for Work and Pensions has announced that the earnings threshold for auto-enrolment into a workplace pension is to be frozen at £10,000 for 2019-2020.

Govt and scheme decision-makers told to tread with caution on CDC

Collective defined contribution schemes could produce a higher and more certain retirement income than individual DC schemes, but there are also many potential issues to consider, including intergenerational unfairness and governance problems, the Pensions Policy Institute has highlighted.

Only one in 100 members wants paper comms, finds BAA scheme

Source: Pexels

The BAA Pension Scheme’s digital push on communications has led to virtually the entire membership opting to switch to electronic information.