Moves by the DWP to introduce a benefit statement 'season' will see retirees across the country given their pension stats at the same time in a consistent format - but what do they hope people will get from the information? Adrian Boulding explores the possible outcomes
As pensions minister Guy Opperman progresses his plans for a benefit statement ‘season' - as a proposed short period each year during which all people with a UK pension will receive their annual benefit statements - what are the behaviours we would like future statements to foster in receivers of these annual round-up documents? Remember there are three contributors: Saving enough for a 30-year retirement is a mountain to climb. So, we need all three contributors to be pulling their weight to scale its peak. The benefit statement should trigger thoughts about whether the member is ...
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