Translate a Pension Fund Factsheet Into Plain English

It arrives once a year, you open it, it says things like 'projected annuity based on standard annuity rates at retirement age' and you put it in the folder with the others. The folder is growing and your understanding of it is not. This translates the key information into plain English: what fund you are in, what the charges actually cost you, what the projection assumes, and the three questions worth asking your provider this year.

I have a pension fund factsheet or annual statement I do not fully understand. Translate the key information into plain English: what fund I am in and what that actually means, what my projected retirement income is and what assumptions it makes, what the charges are and what they cost me over time, and whether there is anything in this document I should act on. If the document contains jargon without explanation, name it and explain it. End with three questions I should ask my pension provider based on what this document does and does not tell me. Work from the content I have provided below.

[paste your pension document or key sections here]