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Your Benefit Statement – Explained

Understanding your benefits

You may have received a pension benefit statement from The Pearson Pension Plan (the Plan).

The statement will show the value of any Defined Contribution (DC) or Additional Voluntary Contributions (AVCs) you hold in the Plan. We will also show any active Defined Benefit (DB) pension benefits.

The statements help to give you an idea of what benefits you may have when you reach your normal or selected retirement age.

The Trustee, in line with regulation, has produced the following documents. Just click on each line to read more: 


Your pension benefit statement explained

To get the most out of your statement, simply move your mouse over the highlighted areas in the example statement below to see an explanation of the terms used.

Selected retirement ageChange in value of investmentsThe Lifetime Allowance (LTA)Your project pension pot at retirementWhich could buy you an estimate taxable yearly pension of

Click here to find out what section you are in.


What assumptions have been made?

Click here to view the full assumptions used to calculate your pension. The figures are shown in ‘today’s prices’ and allow for how the price of goods and services might increase in future.

What actually happens may be different from what we have assumed. So, these figures do not come with a guarantee. We cannot promise this is the actual amount of money you, or anyone else who benefits from your Plan membership, will get. You could get less or more than this amount. These figures are a guide to help you plan.


Frequently asked questions

We have put together some common questions we are asked about the pensions benefit statements. 


Top tips to get the most out of your pension

  1. Make sure you know how to identify a scammer so you can be Scamsmart. Visit Don’t Get Scammed for tips and more information.
  2. Ensure all your personal information is up to date. Just complete our online change of details form if any of your personal details change.
  3. If you are a member of the MP03 or AE Sections, get into the habit of checking your pension pot value at least once a month. You can check this regularly by logging in to Aviva’s online portal - This link opens in a new browser window.
  4. If you are an active member of the AE Section, consider switching to the MP03 Section where Pearson will pay more into your pot. To find out more visit My Contributions.
  5. Make sure you complete an expression of wish form if you have not already or if your circumstances have changed.
  6. Read your pension benefit statement carefully – it can help you make decisions about whether you want to amend your investments or contribute more.
  7. Consider taking independent financial advice if you are near retirement or if you want to transfer your benefits. You can find an independent adviser in your area on the Money Helper website - This link opens in a new browser window. You will have to pay for the advice or services that you receive from the adviser.
  8. If you’d like to find about more about the Plan or about pensions in general, visit the Learning Zone.

Still have questions?

The easiest way is to visit Contact Us. Alternatively, you can email us at: pensions.helpline@pearson.com. You can also call us on 0800 7811378, please select Option 4.


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