Pensions & benefits
Survey: How do DB
schemes communicate retirement options?
Find out what retirement options DB schemes offer, and how they communicate them to members
We surveyed over 100 schemes from a wide cross-section of UK pension schemes, across all industries, with scheme sizes ranging from less than £50m to more than £1bn.
The survey reveals some surprising finding about how schemes communicate with their members, including:
- 90% of schemes only start to communicate with members about their retirement options as they approach scheme retirement age
- While nearly all schemes have an option for early retirement, few highlight this to members
- There's been a significant increase in the number of schemes that proactively communicate transfer values
This research has also been referenced in a joint policy paper (external link) with Royal London.
- Publication: Joint Royal London/LCP policy paper (external link)
- Blog: Helping DB members make better retirement decisions
- Guest Blog: DB transfers surge - are members getting the quality advice that is needed?
- Newsletter: All change for DB transfers - issue 8
How we can help
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