Article preview: Getting a clearer picture of your pension pots could become easier next year, with Government plans to introduce simpler annual statements. New regulations are due to be outlined this week, requiring pension schemes to provide their members with two-page documents. These new simpler pension statements will highlight, in simple terms, the critical information about the pension, including the amount saved in the workplace pension pot and a retirement income forecast.
Simpler pension statements are coming
This 306-word blog post explains the Government’s plans to introduce simpler pension statements for workplace pensions from April 2022, as part of their wider pension dashboard project. Written on 17th May 2021.
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