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Old DB Company Pension Value
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Agree, my OH has a DB pension and only receives a funding update each year, never anything about his actual pension as such. He has to request an up-to-date forecast from the Trustees if he wants to find out how it is doing 🐈Just my opinion, no offence 🐈1
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I am lucky that I can get up to date figures for my little DB pension online - they send out very little and it is all genericI’m a Senior Forum Ambassador and I support the Forum Team on the Pensions, Annuities & Retirement Planning, Loans
& Credit Cards boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com.
All views are my own and not the official line of MoneySavingExpert.0 -
Schemes are normally only required to perform full valuations triannually.Albermarle said:
Many DB schemes do not send out such info. Typically you get a statement when you leave and then annually an update on how well the scheme is funded . But not an annual update of your own pension amount , not with mine anyway.Xbigman said:The simplest way to clarify this is to look at your annual pension statements. You should see that 5k rise a bit each year.
Darren0
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