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PO determination on alternative settlement options where maladministration caused financial loss (Dr I PO-16486)

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Published on: 17 April 2018

Published by a LexisNexis Pensions expert

Table of contents

Original news
Summary
What were the facts?
What did the Adjudicator of the Pensions Ombudsman decide?
What was the Pensions Ombudsman decision?
What are the implications of this determination?

Article summary

Pensions analysis: In the determination by the Pensions Ombudsman of Dr I (PO-16486), the Ombudsman upheld a complaint that a member of a pension scheme had been supplied with inaccurate information which had resulted in him suffering loss when he acted on the basis of the misinformation. Subject to the agreement of the parties, the Pensions Ombudsman directed that Dr I could either have an uplift to his pension or the offer of a lump sum final settlement. Wyn Derbyshire of gunnercooke LLP looks at the decision.

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