McPhail calls for reform of trivial commutation

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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 the sum of an individual's pension funds is less than £18,000, it is considered ‘trivial', and if the individual is aged between 60 and 75, the money can be 'commuted' or wi...

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