- Failure of scheme to follow proper transfer due diligence means member reinstated in fund (Mrs H PO-21489)
- Original news
- What were the facts?
- What was the Pensions Ombudsman’s decision?
- What is the impact of this determination?
Pensions analysis: In the determination of Mrs H (PO-21489), the Pensions Ombudsman upheld a complaint that a scheme failed to undertake appropriate due diligence checks on a transfer to a pension liberation vehicle, and to engage sufficiently with the scheme member about concerns over the transfer. Martin Scott of gunnercooke LLP looks at the decision.
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