Public in the dark about trivial commutation changes

Michael Klimes
clock

The vast majority of people with small pension pots over 55 years of age are unaware of their option to cash them in, according to a survey commissioned by Xafinity.

In research seen exclusively by Professional Pensions, it was found that 93% of those surveyed said that they had never been approached by their pension schemes about trivial commutation. Xafini...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Admin / Technology

Perceptions of the pension industry: Cracking the trust code

Perceptions of the pension industry: Cracking the trust code

Trafalgar House says prioritising clarity, simplicity and communication is key to building member trust

Daniel Taylor
clock 19 November 2024 • 6 min read
Trafalgar House launches online portal to simplify pension transfers

Trafalgar House launches online portal to simplify pension transfers

Portal allows members to complete the entire transfer process digitally

Jonathan Stapleton
clock 18 November 2024 • 1 min read
Welcome to the Administration Age

Welcome to the Administration Age

How admin is adapting as members’ needs change, tech advances and expectations rise

Malcolm Reynolds
clock 05 November 2024 • 4 min read
Trustpilot