Commentary on Sections Schedule 10: Use and supply of information: private pensions policy and retirement planning Section 237: Combined pension forecasts
863.This section provides a power to allow regulations to be made requiring trustees or managers of an occupational or personal pension scheme to provide scheme members with combined (state and occupational or personal) pension forecasts at the times specified in the regulations. The intention is that this should be a reserve power of the Secretary of State, its use depending on the extent to which combined pension forecasts are issued by schemes on a voluntary basis. Section 298 (disclosure of state pension information) is also relevant in this context, since it facilitates the provision of state pension information to occupational and personal pension schemes who apply for such information in order to provide a combined pension forecast.