Latest articles from Hannah Godfrey

Council to compensate member after persistently giving incorrect info

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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.

Straightforward messages more likely to engage savers than ESG

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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.

Govt to remove performance fees from DC charge cap

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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.

Think tank suggests USS members could transfer benefits to Sipps

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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.

Employers’ wish list for TPR’s DB funding code

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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.

Aviva’s strong BPA sales reflect strength of risk transfer market

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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. 

PASA launches data management controls guidance

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

Nine in 10 asset managers taking active ownership stance on ESG

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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. 

DWP’s flat fee charging limit dubbed a ‘symbolic gesture’

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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.  

DB schemes with assets above £1bn increase by 90% in 8 years

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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.