Comments on: The pensions runaway train gathers speed http://blogs.reuters.com/uknews/2008/03/14/the-pensions-runaway-train-gathers-speed/ Our UK correspondents' insights Fri, 5 Sep 2008 20:46:29 +0000 http://wordpress.org/?v=2.3.3 By: Mike Jones http://blogs.reuters.com/uknews/2008/03/14/the-pensions-runaway-train-gathers-speed/#comment-1417 Mike Jones Sat, 15 Mar 2008 10:53:53 +0000 http://blogs.reuters.com/uknews/2008/03/14/the-pensions-runaway-train-gathers-speed/#comment-1417 Prior to A-Day (6th April 2006), a pension could be commuted on the grounds of triviality if it was under £260 p.a. This was introduced under legislation in the early nineties. With inflation the current capital value would be nearer £8,000. So, whilst the new £2,000 figure is a welcomed start, with more foresight it would have made much more sense to listen to the pensions industry who have been lobbying for a higher figure. Mike Jones Director MyCompanyPension.co.uk Prior to A-Day (6th April 2006), a pension could be commuted on the grounds of triviality if it was under £260 p.a. This was introduced under legislation in the early nineties. With inflation the current capital value would be nearer £8,000. So, whilst the new £2,000 figure is a welcomed start, with more foresight it would have made much more sense to listen to the pensions industry who have been lobbying for a higher figure.

Mike Jones
Director
MyCompanyPension.co.uk

]]>