All Pensions Ombudsman articles – Page 5
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News
RPI inflation court ruling could cost defence company millions
On the go: The High Court ruled against an attempt by a UK defence company to change the way it calculates final salary pension increases last week, the latest decision in a string of debates that have put millions of pounds in payments to retirees at stake.
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Govt revokes general levy increase
On the go: The government has revoked the new regulations on the general levy, which would see an increase for pension schemes of 10 per cent, due to the Covid-19 crisis.
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Ombudsman’s Royal Mail decision opens up Pandora’s box
The Pensions Ombudsman has upheld a complaint against the Royal Mail Statutory Pension Scheme for refusing to pay a deferred pension, providing a salutary lesson for employers who fail to keep adequate records.
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Pension Ombudsman awards Police Scotland employee £2,000
Lawyers have cautioned employers to keep their members fully informed of any pension benefit changes, after the Pensions Ombudsman awarded a Police Scotland employee £2,000.
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MPs question TPR’s action on Norton pension schemes
On the go: The chair of the Work and Pensions select committee, Labour MP Stephen Timms, has written to the Pensions Regulator questioning its action over the case of Norton Motorcycles and the three pension schemes invested in the company.
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Pension funds’ recovery in question as Norton enters administration
On the go: Norton Motorcycles has gone into administration, raising questions about recouping money in three pension funds solely invested in the motorcycle manufacturer.
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MP requests 6-month extension for British Steel ombudsman claims
On the go: Labour MP Nick Smith is writing to the Pensions Ombudsman to request a six-month extension for former British Steel Pension Scheme members to submit claims, so that the issues involved can be considered in-depth.
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Pensions Ombudsman to hold hearing against failed trustee
On the go: The Pensions Ombudsman will hold an oral hearing against the trustee and administrator of three pension schemes solely invested in a motorcycle manufacturer, as it has received 30 complaints against these individuals.
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British Steel trustees cleared by Pensions Ombudsman
The Pensions Ombudsman has rejected a number of complaints against the trustees of the old British Steel Pension Scheme, after concluding that communications to members were not misleading and did not amount to scaremongering.
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Pensions Ombudsman reports Green Coal to TPR
On the go: The Pensions Ombudsman has reported the Green Coal Limited Occupational Pension Scheme to the Pensions Regulator with concerns over the “status of the scheme”, after upholding a complaint against it.
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News
Trustees receive positive sign from ombudsman on scam checks
Trustees and administrators must maintain the utmost vigilance against scammers, industry experts warn, despite a Pensions Ombudsman determination on a £367,601 loss to fraudsters favouring the ceding pension scheme.
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Ombudsman sides with Shell on climate change dispute
The Pensions Ombudsman has sided with the Shell Contributory Pension Fund in the legal challenge regarding the disclosure of climate change information, which has prompted environmental lawyers ClientEarth to request the body to review its internal procedures.
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Trustees vindicated in RPI/CPI switch complaint
The Pensions Ombudsman sided with pension scheme trustees in two separate cases over the decision to switch their inflation measure away from the retail price index.
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NewsDalriada working with replaced trustee to recoup £14m
Professional trustees charged with rescuing three pension schemes that flouted investment rules say selling out of prohibited assets may thwart their efforts to recoup more than £14m owed to members.
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News
High Court tells ombudsman to reconsider pension case
A dispute over whether a university employee was entitled to her full pension has been sent back to the Pensions Ombudsman after the High Court disagreed with the initial decision.
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Ombudsman upholds complaint against LGPS despite predator warning
On the go: The Pensions Ombudsman has upheld a complaint against Hampshire County Council and the Hampshire Pension Fund involving a transferring member who fell victim to a scam.
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News
Transfers head list of complaints at the Pensions Ombudsman
On the go: Complaints to the Pensions Ombudsman rose by 5 per cent according to its recently published annual report and accounts for 2018/19.
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News
TPO orders trustees to repay £2.4m into pension scheme
On the go: The Pensions Ombudsman has required the trustees of Henry Davison Limited Pension Scheme to repay £2.4m back into the scheme.
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OpinionEqualisation will dominate court cases in 2019
Equalisation of guaranteed minimum pensions dominated the legal headlines in 2018, and the issue looks set to rumble on in several cases next year, write Samantha Brown and Tim Smith of Herbert Smith Freehills.
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NewsOmbudsman’s police ruling highlights trustee duty of care
The Pensions Ombudsman has upheld a police officer’s complaint that Northumbria Police transferred his pension to a new scheme without having conducted adequate checks or provided him with sufficient warning about scams.