Figures published by the DWP today imply it could take up to 12 years before the entire working population of the UK receives combined pensions forecasts as a matter of course.
The department has announced the issue of the millionth combined "forecast" this week, and says it remains on track to hit a target of 6 million people by fiscal 2005-6.
However, the rate of increase in such statements issued if maintained – adding 5 million recipients every two years – means it could take until fiscal 2015-16 until the entire working population receives such documentation on an annual basis.
The DWP says the statements are "easy to administer", although the involvement of employers and pensions providers is needed for successful compilation of all data required to issue the statements.
Still, it is clear the department is throwing its weight behind expanding their use as a means to encourage greater rates of long-term savings.
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