All articles by Stephanie Hawthorne – Page 7
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News
Retirees emptying their pots at record rates
On the go: Retirees are withdrawing funds from their pension pots at unsustainable levels, according to the Financial Conduct Authority’s latest retirement data bulletinpublished today.
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News
ONS: Life expectancy edges up
On the go: Life expectancy in the UK has resumed its gradual increase after appearing to flatline last year, according to the Office for National Statistics.
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News
Workplace DC ‘should favour venture capital despite risks’
On the go: Workplace savers may be missing out on opportunities for better returns if their pension schemes avoid venture capital, a report published on Wednesday has claimed.
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News
Maps appoints 10 dashboard steering group members
On the go: The Money and Pensions Service has named 10 steering group members to represent consumers, fintech, financial services, and the pensions sector to drive forward delivery of the pensions dashboard.
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News
Skeleton staff levels pose hidden dangers for pension funds
On the go: Smaller pension schemes may be underestimating the risks posed to their funds by trustee governance gaps and over-reliance on key individuals.
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News
GMP compensation could cost members thousands in extra tax
On the go: Inadvertent action by an employer or pension scheme to compensate scheme members for inequalities in guaranteed minimum pensions could invalidate longstanding protection from onerous tax burdens, landing wealthy pensioners with tax bills of hundreds of thousands of pounds.
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News
Tate & Lyle completes £930m buy-in with L&G
On the go: The Tate & Lyle Pension Scheme has completed a £930m buy-in with Legal & General Assurance Society.
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NewsNew consultation fails to address NHS clinician concerns
Doctors believe a new consultation offering greater pension flexibilities is not enough to stop them refusing extra shifts in the hard-pressed National Health Service, as experts demand an overhaul of the entire pensions tax system.
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News
LGPS urged to drop active managers for cheaper passive alternatives
On the go: Local authority funds are coming under increasing pressure from the government to switch their active holdings to passive investments.
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News
Nine out of 10 trustees ready for new SRI regime
On the go: Trustees are universally well prepared for the new responsible investment regulations that come into force on October 1, with an astonishing 96 per cent saying they are up to speed.
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News
Union fights government plans to scrap RPI
On the go: Unite, Britain’s biggest trade union, has refused to use the consumer price index as a measure of inflation in workforce negotiations, in response to the government’s mooted plans to scrap the retail price index in its current incarnation by 2030.
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News
Capital adequacy dispute threatens superfunds
Disagreement between the government and regulators has cast a question mark over the future of the UK’s defined benefit commercial consolidators.
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NewsBritvic reaches interim agreement on CPI/RPI linking
Soft drinks manufacturer Britvic has reached an interim agreement with the trustees of its defined benefit pension scheme over controversial plans to switch pension increases based on the retail prices index to the lower consumer prices index.
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News
Government signals an end to flawed RPI
On the go: The end may be nigh for the flawed retail price index of inflation, after the chancellor announced plans to consult on whether to align it with a version of the consumer price index between 2025 and 2030.
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News
Just Group sets its sights on derisking DB giants
On the go: Insurer Just Group is attempting to increase its presence in the bulk annuity market by partnering with external providers of capital backing.
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News
No-deal Brexit fears cause annuity rates to plummet to near record lows
On the go: Fears of a no-deal Brexit and a slowdown in the global economy have pushed annuity rates to near record lows, says Hargreaves Lansdown.
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News
Law firm targets ‘short-changed’ doctors, teachers and police officers
On the go: The government could face legal challenges from hundreds of thousands of teachers and doctors following changes to their pension schemes, according to Leigh Day.
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News
Trustees should act now to guard against market collapse
On the go: Trustees and sponsors of defined benefit schemes should increase their asset allocations to alternatives and hedge funds in light of high valuations and stretched yields, Cambridge Associates urges in new research.
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Features
Bob Scott: The 40-year pensions perspective
Bob Scott is something of a rarity – a pensions lifer who has worked for the same firm virtually all his adult life, having joined Lane Clark & Peacock nearly 40 years ago in 1982.
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News
Dichotomy between FTSE chiefs and workers’ pensions remains
On the go: Just 30 per cent of FTSE 100 companies have pledged to cut their pension payments for their directors, following a campaign by the Investment Association on excessive boardroom pay.