Article preview: Pension annual statements could become a lot shorter and much simpler in the future. If you have a pension, you normally receive one pension statement each year; your annual or yearly pension statement. Within the statement are details of the value of your pension pot, an estimate of how much income it might provide in retirement, whether your pension has any ‘special features’ (such as a guaranteed annuity rate), and your selected retirement age.
Changes to your pension annual statement
This 305-word blog post explains plan to simplify the pension annual statement, following an announcement by pensions minister Guy Opperman. Written on 19th October 2020.
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