Rules around pension projections are heavily regulated and all providers (like People’s Partnership) must follow these rules. In October 2023, new rules came into place to make it easier for members to compare their pension savings and projections across providers in a consistent way. That’s why the tax-free cash has been removed from your statement and the projections have changed from monthly to yearly. All providers’ annual statements will show pension values this way and use the same annuity assumptions.
This does not change the pension options you have when you decide to take your pension benefits, and you will still be entitled to take any tax-free cash available to you.
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