Re: Pension Benefit Statements

obligation to provide me with an annual pensions benefit statement?

He is supposed to but many schemes don't do this. E.g. teachers never ever get a statement unless they ask for it.

I have to say that the cost of sending out statements to all and sundry, most of whom have no interest in their own affairs and don't read such things and if they did, wouldn't understand them, would be extremely expensive, albeit a requirement.

Rob Graham

I can see the point in an annual statement for money-purchase schemes, but not for final-salary schemes. Surely all they can do is to restate the benefit rules?

Matti

-- puzzled

"Matti Lamprhey" wrote

They can show the (revised) benefit figures :-

(a) with an extra year of service; and (b) with updated salary details.

I disagree, I have been a teacher state schools for the last 15 years and every year I and my colleagues receive our annual statement. We don't need to ask or apply it comes to us automatically along with our P60s.