Pension Statements

Maximise awareness and appreciation

Recent legislation has stated that companies now have a legal obligation to issue employees with an annual pension statement showing;

Contributions paid into the fund
The current value of the fund
An illustration of the pension income they can expect in retirement (taking into account how this could be affected by inflation)*

There is also however, a widely accepted opinion that it is important for employers to provide information to employees over and above the minimum legal requirement in order to maximise their awareness and appreciation of their pension's real value and potential.

Our pension statements can be tailored to suit your business needs and will cover all legal requirements. They can also be branded to the pension provider and are fully printable by the user. Another benefit of providing online pension statements is that they can be updated as frequently as required.

Pension statements can work extremely well alongside the TRS module as part of a total reward package, resulting in a cohesive and effective method of communication. Motivano can provide you with a method of communicating pension statements on our online platform alongside our other benefits modules, as well as offering an offline printed solution.

*Pensions Advisory Service, 2007