Since 2024, we've been updating the details shown on your annual pension statement as part of the McCloud remedy improvements.
In 2024, your pension statement was updated to show if you’re eligible for the ‘McCloud Underpin’, which may result in you receiving a small increase to your pension on retirement. However, not all members will be eligible for an underpin, and most of those who are eligible won’t receive an uplift.
In 2025, your pension statement was updated to include the estimated value of any McCloud uplift that would apply on 31 March 2025 and at your Normal Pension Age (though the method we’ve used for estimating the uplift means that the same value will be shown for both dates).
For more details about McCloud and what this means, visit our McCloud hub.