PJG - yes for once something in your favour. But not IMO without some penalties still. Logic says that any deferrement of pension by Brits living in LOS (as a non-reciprocal country) will only accrue increases based on the rate of pension at which it was notionally frozen. Whereas if the annual lump sum deferrement option is taken, that, I believe, is paid at a standard rate. £4000 per year last time I looked. Therefore there would SEEM to be more to gain by opting for the lump sums in that situation. Over time the 4000 per year would start to exceed the annual percentage increase on the initial frozen amount?
Anyway my guru now agrees that we are reading from the same hymn sheet and that Brit pensioners only start to regain annual increases on the original frozen amount when they return.