A-Day trivial commutation rules need tweaking to ensure Local Government Pension Scheme members do not lose out on means-tested benefits when they retire, delegates at the second NAPF local authority conference heard.
Guidelines that allow members with a modest pension pot as a cash lump sum – up to 1pc of the £1.5m lifetime allowance in 2006-07 – were “complicated” in the Pensions Act, making it equally expensi...
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