Do pension statements fix a problem which exists?

Pensions minister Guy Opperman has said his next plans for reform involve legislating for simpler pension statements, including a "statement season" when everyone receives their pension information at the same time of year.

Opperman said he wanted it to become normal for people would meet in a place such as a pub and have a frank conversation about their pensions with their friends.

But should this be Opperman's priority? And what impact, if any, could pension statements and a "statement season" have?

This week reporter Amy Austin is joined by former pensions minister and current partner at LCP Steve Webb and Tom McPhail, director of public affairs at the Lang Cat, to discuss the proposals.

The FTAdviser Podcast is the weekly podcast for financial advisers, brought to you by FTAdviser. Each week, FTAdviser is joined by guests from the industry to discuss the week in news and pressing industry issues.


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