BN48 - Trivial Commutation and Payments made in Error

Briefing Note

The long-awaited Registered Pension Schemes (Authorised Payments) Regulations 2009 came into force on 1 June 2009. They set out new circumstances in which benefit entitlements can be trivially commuted and permit certain payments made in error to be treated as “authorised payments”.
This BBS briefing note summarises the new provisions.

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