Consultation issued December 2010.

Summary of responses issued April 2011

Further details on trivial commutation are expected "in due course"  

HM Treasury has issued a consultation response following its call for evidence in December 2010. It has concluded that early access to pension savings should not be considered at the present time. However, the issue of early access may be revisited once auto-enrolment has been fully phased in and research carried out on why some people opt out.

The Government intend to explore how models such as feeder funds could be further facilitated within the existing pension tax framework.  

The Government will also explore ways of extending the rules applicable to occupational schemes with regards to scheme-trivial commutation to personal pension schemes.