Go To Mortgage 101

Return To Group Index

From: "Matti Lamprhey" 
Newsgroups: uk.finance
Subject: Re: Pension Benefit Statements
Date: Fri, 12 Nov 2004 10:41:00 -0000

"Robin Graham"  wrote...
> "Nomen Nescio"  wrote...
> > I am in a quango final benefits salary scheme. Is my employer under
> > an obligation to provide me with an annual pensions benefit
> > statement?
> >
> He is supposed to but many schemes don't do this. E.g. teachers never
> ever get a statement unless they ask for it.
>
> I have to say that the cost of sending out statements to all and
> sundry, most of whom have no interest in their own affairs and don't
> read such things and if they did, wouldn't understand them, would be
> extremely expensive, albeit a requirement.

I can see the point in an annual statement for money-purchase schemes,
but not for final-salary schemes.  Surely all they can do is to restate
the benefit rules?

Matti
-- puzzled