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Statutory Money Purchase Illustrations - Employement, Pensions & Benefits Briefing.
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This article was prepared by lawyers from Freshfields Bruckhaus Deringer
Executive summary
From 6 April 2003, pension schemes that provide money purchase benefits must include in members' annual benefit statements a forecast of the value of potential benefits that could be provided by the scheme - known as a statutory money purchase illustration. Scheme administrators and trustees should check whether these illustrations will need to be provided for any active and deferred members in their scheme.
From 6 April 2003, pension schemes that provide ...
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