EPN729 – Annual Benefit Statements and Remediable Service Statements to members in 2025
Audience
Pension leads
HR managers
Summary
This notice is further to EPN724 regarding provision of Annual Benefit Statements (ABS) and Remediable Service Statements (RSS) to members of the Scheme. It is relevant to Remedy affected members of the Scheme, who will now receive their RSS by 31 August 2025 along with their 2025 ABS.
Actions
To note this is further to information provided in EPN724 in December 2024
To note that all members of the Scheme affected by Remedy will receive their RSS by 31 August 2025 along with their 2025 ABS
To share the details on your intranet so impacted members are aware
Timing
Immediate
Detail
In the ABS sent to Remedy affected members in 2024, we advised that they would be receiving an RSS by 31 March 2025.
In December 2024 we sent an Employer Pension Notice advising that 2% of members would not be receiving a 2024 ABS, but that these members would receive their 2025 ABS along with their RSS by 31 August 2025. These members are those affected by Remedy with a Deferred Choice Underpin (DCU) and who:
- Purchased EPA/EEPA during the Remedy period between 1 April 2015 and 31 March 2022; or - are affected by data issues which prevented an ABS being produced at that time.
All active Remedy affected members will now receive their first RSS along with their ABS by 31 August 2025. Members do not need to take any action, as they will be sent both types of statement each year until they make their choice at retirement.
We apologise for any inconvenience caused to members and have updated the Remedy FAQs with this latest information.
