Regulations issued on 7 October 2024 will change (again) the requirements for calculating whether a member may be paid a trivial commutation lump sum (TCLS). The Pensions (Abolition of Lifetime ...

Anyone who has even a passing familiarity with the practice of workers' compensation is aware that lump sum settlements are almost always, strictly voluntary. The act does still offer a vehicle for a ...

From the blog: Most pension schemes are considering derisking and most of those are considering trivial commutation. Why? Probably because it seems like the pension scheme equivalent of decluttering – ...

Those who were above the old thresholds but are below the new thresholds - provided they are aged at least 60 - should consider trivial commutation now, Sharon Mitchell, head of UK administration ...