Yet it would reduce their annual income by 8,825 to 21,175, based on a lump-sum payout worth 16 for every 1 of income given up.
Times, Sunday Times
In total, 10 senior executives secured six-figure deals including lump-sum payouts as well as pension top-ups.
Times, Sunday Times
The government said that the changes were necessary to reflect lower investment returns that victims could hope to earn on lump-sum payouts.
Times, Sunday Times
An inquiry this year had called for big lump sum payouts.
The Sun