DSS unveils pension reports

The Prudential, along with the DSS, has produced the UK's first consolidated pensions statement for a pension scheme member, showing estimate incomes for both private and state pension provision. The consolidated statement, the result of a pilot project between the DSS and the insurer, is part of the Government's goal to see the average UK pension scheme member receive yearly reports which take into account the individual's current pension arrangements and combined with State benefits, show an estimated income upon retirement. The aim is to show pension holders the gap they may need to...