The circumstances in which commutation is possible are set out in Regulation 19 of the Pension Protection Fund (Compensation) Regulations 2005 and Regulation 21 sets out how this option may be exercised.
The circumstances in which commutation is possible are set out in Regulation 19 of the Pension Protection Fund (Compensation) Regulations 2005. How this option may be exercised is set out in Regulation 21 of the same regulations. The amount of lump sum payable, per £100 of compensation given up, is set out in the following table: Commutation factors from 1 March 2023
We've been supporting local charity, Lives Not Knives, for one year. They work to prevent knife crime, serious youth violence and school exclusions in Croydon and London.
The recent global IT outages, caused by a CrowdStrike antivirus update for Windows devices, had a negligible business impact due to our robust risk management procedures.
We protect the future of millions of people throughout the UK who belong to Defined Benefit (DB) pension schemes.
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