alfiecoo

alfiecoo

i have a deferred pension with 24 years service. i have left this company six years ago and need an update of value of pension which the company is refusing to send stating when i am 64 they will produce a spreadsheet containing valuation of pension.i am 53 now how do i plan future pensions without knowledge of this one.Is this lawful or must company send an annual statement?.This is final salaried pension

dunstonh

.i am 53 now how do i plan future pensions without knowledge of this one.

Look the last benefits statement you had. Nothing much is going to have changed from that with a final salary pension scheme.

Is this lawful or must company send an annual statement?

There is no requirement to send an annual statement as there is no balance or fund value that would have changed. Perhaps you should ask them for a summary of benefits rather than a statement. However, dont go over asking for these because administrators have started to introduce charges for frequent requests (which is typically one free, rest charged).

EdInvestor

alfiecoo wrote: »

i have a deferred pension with 24 years service. i have left this company six years ago and need an update of value of pension

Basically it will be the same as when you left but uprated each year to cover RPI inflation to a maximum of 5%. So you should be able to work it out easily enough, over the past 6 years an average of 3.5 % increase a year on the stated amount when you left is probably about right.