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Press release - Simpler benefit statements, PASA comment

Thursday, October 18, 2018 - 18:00

Further to today’s launch of the Simpler Annual Statement at the annual PLSA conference, PASA Chair, Margaret Snowdon OBE, commented: “The new Simpler Annual Pension Statement is one of the most important tools to help people understand the value of their saving for later life and can also help lift us all above the usual bulk of unfathomable data that, with good intentions, we force on people every year.  At last we can offer simple messages that tell the story quickly and effectively.  Hats off to Ruston and his team.  I hope that all administrators will take up the chance to revolutionise DC member engagement and that we take the learnings beyond DC to DB and more complex arrangements.  Dashboard here we come.”

The full set of documentation from the launch is linked below: