Retirement options letter for a defined contribution scheme

Instructions for use – retirement options letter for a defined contribution (DC) scheme

  • The model document under 'Related File(s)' below is a sample retirement options letter for a DC scheme. Information will need to be tailored to the particular scheme/member and you may wish to amend the layout or add additional information that you feel is useful for the member.
  • Where figures are used, they are for illustrative purposes only.
  • Only those options available to the member should be listed in the options letter and form.
  • The model document contains footnotes which provide further information for the member.

While the Authority considers that this sample retirement options letter has been prepared in accordance with the relevant legislation at 29 June 2015, anyone preparing a retirement options letter should satisfy themselves that the information they give is compliant with the applicable legislative requirements.