Government's combined pension annual statement may not start in April 2002
The timescale on the Government's planned combined pension annual statements and forecast is too tight, according to some product providers. By April 2002, pension providers are expected to give pension clients a detailed forecast of their returns based on current fund and level of contribution. The ABI, which has been campaigning with the Institute & Faculty of Actuaries, has said that its negotiations with the Government are indicating a postponement of the implementation date may be forthcoming. Life companies are concerned that the consultation period is shrinking and...
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