Annual Benefit Statement
Statements will be posted to the majority of eligible members between 22 June and 31 August 2020. You can also view your statement on the Pension Portal.
If your employer has bespoke distribution arrangements, you’ll receive an email in relation to this, to explain how to access your ABS this year.
We have created a distribution schedule, which will give you an estimate of when you should receive your statement, depending on the employer you work for. If the distribution schedule indicates that your ABS should have been sent by now and you haven’t received this, please don’t panic. Occasionally it’s necessary to complete additional quality assurance checks to make sure that you receive accurate information on your statement. If you’re an eligible member (and your employer doesn’t have a bespoke distribution agreement in place), your ABS will be posted to your home address no later than 31 August 2020.
Understanding your statement
We’ve included a colour-coded ‘Important notes’ section in your statement to help you understand it.
For queries relating to your personal details (for example date of birth, National Insurance number, home or work address) you should contact your HR department or Shared Service provider.
If you have questions regarding your pension scheme information (for example your employment history, reckonable service, the date you joined, transfer in history, extra benefits), please contact us using this link.
Your Annual Benefit Statement is an estimate
Annual Benefit Statements are an estimate of your benefits earned to date, based on the information provided by your employer.
When you come to claim pension benefits, you can expect to receive a full and accurate quotation, so you shouldn’t enter into financial commitments based on the figures in your statement.
Updating your address
If you’ve recently changed address or do so in the future, you can update it using the Pension Portal. We also recommend that you update your address with your employer.