Individual and Occupational Pension Forecasts

The managers or trustees of personal and some occupational pension schemes are required to send you a statement each year about your pension, which often include a forecast of how much you could get when you retire, and it will be based on a number of assumptions, such as:

  • Inflation;
  • Your income will stay roughly the same in the future;
  • How much your pension will grow;
  • How much it might cost to buy a pension income with your pension plan when you retire.

If these factors could changes at any time, you would be advised to obtain a new forecast.