UK - Scheme managers have found a loophole in pending legislation that could allow them to postpone issuing statutory money purchase illustrations for up to a year.
The pending legislation requires defined contribution schemes to provide a “real projection” of retirement income in today’s prices. These statements must be provided in annual benefit statements i...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here