Bruce Willis is keeping an eye on my pension

by David Davison   •  
Blog
I got a letter this week from Aviva about a pension policy I'd had for years - long before they employed Bruce Willis to do their adverts and were called plain old Norwich Union. They were very kindly checking that I was still the same person but just living at a different address. This got me thinking about just how easy it is to lose track of pension benefits and how important good record keeping in schemes actually is. It is however generally an area that's really undervalued with very little resource being committed to ensure that the primary purpose of a pension scheme - namely to pay the right benefits to the right member at the right time - is achieved. Hopefully the increased attention being paid by the Pensions Regulator to record keeping will encourage everyone involved to treat it a little more seriously.

Further reading

Your Quarterly Pensions Update – Q1 – 2019

Blog
by Andrew Kerrin   •  

Jam Tomorrow for Today’s JAMs

Blog
by Hugh Nolan   •  

Impaired life annuities – would your scheme benefit?

Blog
by David Davison   •  

More Insights?