Simpler Annual Statement

Government recognises implementation hurdles but highlights three years’ notice

Research led by former PLSA chair finds savers want costs and charges on annual statements

Olly Topping looks at the changes coming up for scheme statements

20th century policy could lead to massive demands on pension providers, says Phil Brown

The government will consult on mandating the use of simpler annual statements while also setting out an approach to a “pension statement season”, says Guy Opperman.

What were some of the most read opinion pieces on Professional Pensions over the last 12 months? We look at some of the top articles from our commentators during the year.

Girish Menezes looks at whether the two-page simpler annual statement is effective at giving members the detail they need

Jonathan Stapleton says that, while the production of two-page simpler annual statements is no panacea for member engagement, it is a welcome step in the right direction.

Guy Opperman says two page, simpler statements as well as an annual ‘season’ in which to issue them could be transformative steps for the UK pensions industry

The Department for Work and Pensions is to make it mandatory for auto-enrolment defined contribution (DC) schemes to use simpler annual statements.