Benefit Statements (BenStatWG)

About

Benefit statements are high on the industry agenda at the moment, with a focus on the above two areas – both of which have a high impact on pensions administration. The BenStatWG will develop a PASA view on these issues and ensure both proposals take administration processes and capabilities into consideration.

The purpose of the BenStatWG is to develop and deliver PASA’s position on the following areas of consultation and debate:

The content and delivery of Simpler Statements
The introduction of a ‘Statement season’
Identify specific legislative, regulatory or process changes required to support the delivery of these statements
Create relevant Guidance for Trustees, Administrators and Sponsors
Respond to relevant consultations