Schemes conducting pension increase exchange exercises must provide personalised statements and a helpline to help members understand their choice, a consultant argues.
KPMG said pensioners needed to consider these offers - where they swap future pension increases for a higher flat-rate pension - very carefully in light of their own circumstances. The firm said...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
