All articles by Stephanie Hawthorne – Page 2
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FeaturesBT Pension Scheme sets ambitious 2035 net-zero goal
The UK’s largest private sector pension scheme now aims to be one of the greenest, with a new goal to achieve net-zero greenhouse gas emissions by 2035 across its £55bn portfolio.
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News
One in five teachers may have incorrect pension entitlements
One in five teachers may be at risk of receiving incorrect information about their pension entitlements, with discrepancies also likely to be found in other decentralised public sector pension schemes with multiple employers.
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Features
Small pots: Experts scorn idea of a pension for life
Data crunch: Experts have decried the radical solution to the small pots’ crisis, a pension for life, despite the threat that sub-scale funds could overwhelm the UK system.
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News
Tisa backs AE pause for strapped low earners but no respite for employers
Analysis: Pensions policy experts are split over whether the government should begin to ramp up automatic enrolment contributions with an ‘opt-down’ for low earners, after recent calls to reform the landmark pensions policy.
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News
Cheshire in the vanguard on TCFD carbon revelations
The Cheshire Pension Fund is one of the first UK pension funds to report on the carbon footprint of its £6.1bn investment portfolio, estimating that its stock portfolio’s carbon intensity is a third less than the benchmark.
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News
Barclays Bank coughs up £750m in unusual DRC move
In an unusual arrangement, Barclays Bank UK Retirement Fund’s deficit recovery plan remains on track through a self-investment, as the scheme subscribed to a £750m bond issued by an entity of the banking group.
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Scottish Widows snares top hire from Legal & General
Veteran professional David Butcher has just taken on a new dual role as a member of the master trust board and independent governance committee at Scottish Widows, moving from Legal & General’s master trust board.
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News
Ombudsman decision sets financial loss precedent
A recent Pensions Ombudsman determination has opened the floodgates for financial loss claims resulting from the mere possibility of missing out on stock market profit, due to trustees being tardy in processing transfers.
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NewsEscott on the fast track to Railpen
High flyer Caroline Escott joined Railpen on September 1 as senior investment manager for active ownership. At just 36, and a millennial in a senior role, she is a rarity in the six trillion-pound pension industry, not noted for diversity.
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News
TPR in discussions with Plumbing trustees over governance failures
The Pensions Regulator has been in discussions with the trustees of the Plumbing and Mechanical Services Industry Pension Scheme, who face criticism for governance failures amid a long-running debacle that could send plumbers into bankruptcy.
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News
Experts query whether £31m offer will satisfy TPR in Box Clever case
ITV has put forward an initial offer of £31m to the Pensions Regulator of financial support for the struggling Box Clever Pension Scheme, following an eight-year courtroom battle.
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Features
‘Make or break year’ for frustrated DB consolidators
Analysis: Long-heralded defined benefit consolidators have yet to win a single client, but the prospect of mass insolvencies on the horizon could force trustees to test new derisking solutions.
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News
South Yorks breezes through Covid but warns of potential danger ahead
The South Yorkshire Pensions Authority is reducing its exposure to equity market risk, after it escaped the Covid-19 crisis largely unscathed.
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Features
New managing partner for Arc Pensions Law
Boutique law firm Arc Pensions Law has a new managing partner, Rosalind Connor, who succeeds Chris Mullen, its co-founder.
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News
TPS employer contributions could reach 30% in 2023
A funding crisis in the pension scheme for teachers could lead to further contribution increases and yet more private schools leaving the scheme, as Covid-19 and the McCloud judgment take their toll.
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NewsBA pension trustee urges against RPI changes
The chair of Airways Pension Scheme Trustee Ltd, Roger Maynard, has warned that possible reforms of the retail price index could cause great injustices, as well as undermining trust in the issuance of index-linked gilts.
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News
Fifth of private schools on the brink of leaving TPS
The mass exodus of private schools opting out of the Teachers’ Pension Scheme has reached a crescendo with 110 schools leaving in the past year.
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News
Retirees deserting good value master trusts for lack of advice
Workers are ditching a widening range of retirement options offered by workplace defined contribution schemes for expensive retail products.
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News
At-retirement support weakest link in workplace pensions
Data crunch: Pension providers must improve on supporting members at the point of retirement, while post-retirement drawdown options are also in need of investment, according to new research.
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ONS indicates master trust transfer spike as experts demand opacity
Data crunch: A massive spike in defined contribution transfers could signal frantic consolidation in the master trust sector, as experts call for clearer data from the Office for National Statistics.