Ros Altmann: ‘The legacy of impenetrable, dense, opaque statements will mean few people readily engage with their pension information’ Former pensions minister Ros Altmann wants the Government to force all pension providers to send people brief, simple annual statements about their retirement savings. Standard wording should be adopted and made compulsory to prevent firms using ‘obfuscatory’ jargon that baffles savers, she argues. Lady Altmann also offers a five-point plan to make people more likely to read pension forecasts – including tailoring messages around birthday cards with ‘many happy returns’ greetings and colourful envelopes.  It’s time for pension providers to help customers understand their pensions, not leave them baffled by jargon. The Government has just finished its consultation on the introduction of simpler, standardised annual pension statements. This would show each customer’s pension value, how much they have paid into it, how much has come from their employer and the Government, what charges they pay and how much their pension may be worth in future (using standard assumptions). This is a vital first st...