Ought to a profit assertion in your pension arrive in your letterbox over the subsequent few months and also you evaluate it along with your earlier one you may be a tad greatly surprised. Pensions have broadly recovered from the shocks of early final 12 months. The projections in your ultimate retirement pot and the revenue it is going to assist will likely be decrease, and in some circumstances significantly so.
First, don’t panic; these quantities are, at the most effective of instances, educated guesses, and your assertion will stress that the figures are estimates, and never a dependable information to the longer term efficiency of your funding. However, within the absence of some other information pension holders will take discover and might be involved.
So what has modified?
The Society of Actuaries