Simpler annual pension statement

Simpler annual pension statement


The simpler annual pension statement and technical guide

Many people receive very different kinds of pension statements about the range of pension pots they have built up in previous jobs. Some are easier to understand than others.

A simpler annual pension statement has been produced by Ruston Smith (an adviser to the Government on its review of automatic enrolment), Eversheds Sutherland and Quietroom, with input from the pensions industry including the PLSA.

The aim of the statement is to help pension schemes and providers give savers just the key information they need, presented in plain English and with more consistency. Pensions Minister Guy Opperman launched it at the PLSA Annual Conference in October 2018.

Read more about the simpler annual pension statement in an article by Ruston Smith for PLSA's Viewpoint Magazine