Govt to simplify pension info and commits to 'statement season' law

Pensions minister speaks at the PLSA’s 2021annual conference

Hope William-Smith
clock • 1 min read

The government will lay the regulations for simpler annual pension benefit statements and legislate for a “statement season”, pensions and financial inclusion minister Guy Opperman has confirmed.

Speaking virtually at the Pension and Lifetime Savings Association's annual conference yesterday (12 October), Opperman said the government was looking to build on the success of auto-enrolment with the implementation of new measures to improve saver outcomes. "Due to the successes of auto-enrolment millions of individuals and now workplace pensions, it is vitally important they engage with, understand, and work at their plan for retirement in that is appropriate for them," he said. "So, I'm excited to be able to announce we will shortly be laying the regulations for simpler annual benef...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Pensions

Reeves to consider £2bn raid on tax-free pension lump sum

Reeves to consider £2bn raid on tax-free pension lump sum

Telegraph reports PCLS cut could help plug £50bn public finances hole

Jonathan Stapleton
clock 21 August 2025 • 3 min read
State pension age review: Govt launches call for evidence

State pension age review: Govt launches call for evidence

UK faces long-term demographic pressures

Jenna Brown
clock 18 August 2025 • 2 min read
'Barriers are institutional, not technical': Industry split over ten-day pension switch proposal

'Barriers are institutional, not technical': Industry split over ten-day pension switch proposal

After PensionBee calls for a legally enforceable transfer guarantee

Sahar Nazir
clock 18 August 2025 • 2 min read