Hogan Lovells

Key Dates

Consultation response issued 19 October 2020.

Consultation ran from 1 November to 20 December 2019.


Summary

The DWP has issued a response to consultation on simplifying annual benefit statements.  It points out that a draft of a simpler statement template was developed by a cross-industry team and was released at the PLSA annual conference in 2018.  Key points are as follows. 

The government believes that operating a “statement season”, with a government-led communication campaign, would support the normalisation of pension saving.  It intends to consult “later” on a mandatory approach for the timing of annual benefit statements. 



Date Accessed: 03/12/2021