Pension statements

[RobertT]

That's good news. I received my reply stating the cash balance does reduce in value. I've queried the reply.

The whole point of the Cash Balance is that it doesn't reduce in value, unless you're accessing it before age 65.

[Chris19]

That's my understanding too.

[Chris19]

I have received my reply. The figure quoted in February 25 was incorrect. Increases to the DBCBS only apply to full years. I left in March 24 so, no increase was applied 31/3/24. On 31/3/25 the annual increase of 3.7% was applied.

[pacey]

Do we get a paper statement for the Collective scheme, if so when?

Did you find out the answer to this?

[Wullie10]

I wouldn't think so as an up to the minute statement can be accessed online. Even Royal Mail think letters are obsolete.

[yellowbelly]

Do we get a paper statement for the Collective scheme, if so when?

Did you find out the answer to this?

Website here https://rmcollectiveplan.com/what-will-i-get

What you’ll get: your income for life and lump sum

Every year from 2025, we’ll send you a snapshot that shows you:

how much income for life and lump sum you’ve got saved so far, and

what you might get at age 67.

Every year, starting from 2026, we’ll also let you know:

if your lump sum has gone up or stayed the same.

I don't recall that I've seen one through the post, but if you login to your account you can generate one.