Grove Pension Solutions Response to ICO fine

The ICO fined Grove £40,000, which was reduced to £32,000 for prompt payment. The fine was because they said we had sent marketing emails without the correct consent from the consumer. We had received professional advice that our consent was acceptable. We felt the...

Pension Triviality Rules

Background The government recognises that individuals with very small pensions should be allowed to cash-in the whole fund as a lump sum. This is commonly known as “commutation on the grounds of Triviality”. Normally pension rules dictate you can only take 25% of your...

Can I cash my pension?

There are two main qualifications that you need to fulfill in order to cash your pension in early: You must be aged 55 or over You must have a pension that you are not receiving or paying into (this does not include the state pension) Most pensions can be cashed in...