The Rexam Pension Plan has carried out a trivial commutation exercise, contributing towards a reduction in total membership as defined benefit schemes are trying to reduce costs. Trivial commutation ...

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 – ...

The fact that every provider does not have to offer trivial commutation is a key issue, says Andrew Tully, pensions technical director of MGM Advantage, who says the change in triviality is subject to ...

The Government is facing growing calls to reform pensions trivial commutation rules ahead of the Budget. Current rules allow people over 60 years old with total defined-benefit and ...

Pre-Budget, the maximum value of a pension that could be trivially commuted was £18,000 (or 1 per cent of the 2011 to 2012 lifetime allowance of £1.8m). Before the Budget, Andrew Tully, pensions ...

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

The Government has frozen trivial commutation at its current level of £18,000, breaking the link with the lifetime allowance. The decision was revealed as part of the Government’s outline of its ...

Trivial commutation regulations which should have come into effect on December 1 have been delayed due to a government drafting error, a law firm says. HM Revenue & Customs regulations permitting ...

People with several small occupational pensions should be able to group them together for trivial commutation, Hargreaves Lansdown head of pensions research Tom McPhail says. Under current rules, if ...

Increasing numbers of people will be faced with the option of cashing in small pension funds Forthcoming changes to the taxation of pensions in April 2012 will not just affect high earners. They will ...

We’ll send you a myFT Daily Digest email rounding up the latest Tom McPhail news every morning. Cash-strapped pension savers are looking for ways to work round rules which force them to turn small ...

Forthcoming changes to the taxation of pensions in April 2012 will not just affect high earners. They will affect those for whom the opportunity exists to cash in the whole of a small pension worth ...