You should have recently received your 2023 annual benefit statement. The statement contains important information about your pension benefits to help you make informed choices about your future.

These are the first statements we’ve issued with Gallagher as the Plan’s Administrators, so you will notice some changes to how they look. In line with industry best practice, we have simplified them as much as possible so that you can focus on the most important information: how much you currently have, what it could be worth when you retire, and what you might be able to do to improve your retirement outcomes.

You’ll be able to view your statement, along with statements from 2019 onwards, through the pension portal (accessible via My HR Tools or www.phillips66ukpensionplan.co.uk), where you’ll also be able to view details such as the fund-by-fund breakdown of where your savings are invested.