§ Mr. WIGNALLasked the Minister of Pensions whether he is aware that in 2395W certain cases where commutation of pension has been applied for, in order that the pensioner might be able to secure a living by investing the money in a small business, the application has been rejected on account of a Regulation debarring the Minister from sanctioning commutation of pensions of less than 14s. per week; and whether he intends taking steps necessary to remove this restrictive regulation?
§ Major TRYONThe Regulations under which commutation is allowed in the case both of my own Department and of the service Departments require that a pensioner must retain a minimum pension in order to insure against a risk of failure involving complete loss of the capital sum received in commutation. This condition is entirely in the interests of the pensioner and, as at, present advised, I am not prepared to recommend its removal.