UK - Trustees should start preparing themselves for the introduction of statutory money purchase illustrations in April next year, Watson Wyatt says.
The consultant said trustees should also take advice on how to present the information to their members.
They should also taking into account the wording that they use for any additional illustrations that they provide, added the firm.
This week's edition of Professional Pensions is out now.
Ben Gunnee reflects on 2018 and talks about the Fiduciary Management trends to keep an eye on in 2019
Lloyds Banking Group secured 630,000 new pension customers last year, according to its 2018 annual results.
Guy Opperman has rejected calls to speed up changes to auto-enrolment (AE) despite increasing pressure to boost contribution rates and overall savings pots.