If you require further information about the scheme on an ongoing basis, there are two key documents you should refer to.
Annual Benefit Statement
You will receive an Annual Benefit Statement every year, giving you an update on the position of your individual pension account, along with projections of what your account could be worth when you come to retire, given certain assumptions. These projections are called Statutory Money Purchase Illustrations and are made in accordance with strict guidelines.
Annual Report and Accounts
Every year, the Trustees will produce an Annual Report and Accounts for the pension scheme, detailing the scheme’s income and expenditure over the course of the year. As a scheme member, you are legally entitled to view a copy of the Annual Report and Accounts. If you would like to do so, you can request a copy from your scheme administrator.