Kingfisher Pension Scheme has said it is holding fire on a trivial commutation derisking drive to focus instead on data cleansing, while research shows 83 per cent of members would consider such a ...

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 ...

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 – ...

Annuitisation is the main alternative to trivial commutation, the experts FTAdviser spoke to agreed. While a lump sum may be useful in paying off debt, or for one-off expenses, Andrew Tully, pensions ...

So-called "trivial" sums could see UK households in the crosshairs of the Labour Party government and taxman, it has been warned.