Adrian Boulding: Five benefit statement pointers and one to avoid

Perhaps don't pick up the phone...

clock • 5 min read

Moves by the DWP to introduce a benefit statement 'season' will see retirees across the country given their pension stats at the same time in a consistent format - but what do they hope people will get from the information? Adrian Boulding explores the possible outcomes

As pensions minister Guy Opperman progresses his plans for a benefit statement ‘season' - as a proposed short period each year during which all people with a UK pension will receive their annual benefit statements - what are the behaviours we would like future statements to foster in receivers of these annual round-up documents? Remember there are three contributors: Saving enough for a 30-year retirement is a mountain to climb. So, we need all three contributors to be pulling their weight to scale its peak. The benefit statement should trigger thoughts about whether the member is...

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 Retirement

Watch PA's Working Lunch with L&G: Navigating the new landscape of retirement solutions

Watch PA's Working Lunch with L&G: Navigating the new landscape of retirement solutions

Catch up on the discussion

Professional Adviser
clock 09 April 2026 • 1 min read
The changing nature of retirement planning

The changing nature of retirement planning

Retirement planning conversations must 'evolve'

Lorna Shah
clock 02 April 2026 • 4 min read
The advice dividend in an age of retirement uncertainty

The advice dividend in an age of retirement uncertainty

The UK pensions landscape has become progressively more complicated in recent decades

Andrew Tully
clock 17 February 2026 • 4 min read