South Tyneside Council has been ordered to pay £2,000 in total by the Pensions Ombudsman to a former employee after it incorrectly told him he could defer claiming his pension benefits until age 75.

On the go: Straightforward pension communications, rather than those discussing environmental, social and governance topics, are better at engaging savers who have never logged into their pension account, new research has found.

The Department for Work and Pensions has launched a consultation that will seek out policy proposals to exclude investment performance fees from the defined contribution charge cap.

On the go: A think tank has suggested that members of the Universities Superannuation Scheme should be able to choose to transfer out part of their pension benefits to a self-invested personal pension scheme.

On the go: Employers have expressed support for some elements they would like to see outlined in the second consultation on a new defined benefit funding code, which is expected in the next few months.

On the go: Aviva recorded £2.4bn of bulk purchase annuity deals in the third quarter, bringing its year-to-date volumes to £4bn, according to a trading update from the company on Thursday. 

On the go: The Pensions Administration Standards Association has launched its new data management controls guidance. 

On the go: About 90 per cent of asset managers discuss environmental, social and governance factors in meetings with senior management of the companies in which they invest, up from 80 per cent in 2018, according to research from Russell Investments. 

The Department for Work and Pensions has confirmed that it will ban the charging of flat fees on qualifying workplace pension pots worth less than £100.  

On the go: The number of defined benefit pension schemes with assets of more than £1bn has increased by 90 per cent since 2013, according to research by Barnett Waddingham.