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.

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