Your right to information
If you join an occupational pension scheme or take out a personal pension or a PRSA, you are entitled to information about your pension benefits, how the scheme is run and how the pension fund is performing.
This information may take the form of contractual terms, explanatory booklets, announcements and notifications, guides, annual reports and statements.
Some information will be general and some will be personalised for your specific circumstances and personal details.
You are entitled to basic scheme information when you join a pension scheme or take out a personal pension or PRSA...
Members of occupational pension schemes must be notified of any material change to the terms of the scheme, within four weeks of such change...
A Statement of Investment Policy Principles is a written statement prepared at least every three years by the trustees of occupational pension schemes...
Where you have a choice of investments in a DC scheme you are entitled to receive information regarding the investment options to allow you to make an informed decision. Similar information will be provided by a PRSA provider or personal pension provider...
One of the most important ways for you to stay informed about your pension scheme benefits is by reviewing your annual pension statements. This will give you a rough idea of the pension you might get when you retire, and you can use this information to make decisions, such as whether you need to increase your pension contributions.
A statement of reasonable projection is a statement predicting the likely future value of a pension from a defined contribution scheme (prior to 2023) or PRSA, which is based on assumptions relating to future contributions and investment returns, and the cost of buying an annuity when a member retires...
You and your dependants are entitled to information on benefits that have become payable, any options relating to those benefits...
The trustees of all occupational pension schemes (other than one-member arrangements) must either prepare an annual report or have one prepared by someone else...
The Pensions Authority can provide you with general information relating to your pension...
You can take action should you have a complaint about your pension...