Statutory guidance

How to provide simpler annual benefit statements

Statutory guidance for trustees and scheme managers of defined contribution workplace pension schemes used for automatic enrolment to help them produce simpler annual pension benefit statements.

From:
Department for Work and Pensions
Published
19 October 2021

Documents

Statutory guidance: Simpler annual pension benefit statements

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Statutory guidance: simpler annual pension benefit statements

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Illustrative template: simpler annual pension benefit statement

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Details

The purpose of this statutory guidance is to help trustees and scheme managers of defined contribution workplace pension schemes.

It affects pension schemes that fall within the scope of the Occupational and Personal Pension Schemes (Disclosure of Information) (Statements of Benefits: Money Purchase Benefits) (Amendment) Regulations 2021.

The guidance helps trustees and scheme managers to understand how to comply with those regulations, where they apply, when producing simpler annual pension benefit statements for their members.

Published 19 October 2021