The circumstances in which commutation is possible are set out in Regulation 19 of the Pension Protection Fund (Compensation) Regulations 2005.

And how this option may be exercised is set out in Regulation 21 of the same regulations.

The amount of lump sum payable, per £100 of compensation given up, is set out in the following table:

Commutation factors from 1 November 2018

Previous periods

You can also view commutation factors for previous periods

Please note: From time to time we review commutation factors, which may be changed without notice.