Commutation factors
An individual, entitled to but not yet receiving compensation, may be able to commute some of their compensation for a lump sum from the time it becomes payable.The circumstances in which commutation is possible are set out in Regulation 19 of the Pension Protection Fund (Compensation) Regulations 2005. Regulation 21 sets out how this option may be exercised.
The amount of lump sum payable, per £100 of compensation given up, is set out in our commutation factors table.