Pension liberation
Mrs R’s late husband had transferred from his former employer’s pension scheme in February 2014. Mr R died in April 2018.
The trustee company responsible for the scheme he transferred to was wound up in March 2017 and Mrs R was told by the scheme’s administrators there was no money to pay for any benefits now due. It appeared Mr R may have been the victim of pension liberation fraud.
We contacted the pension scheme Mr R had transferred from and asked what checks they had made about the receiving scheme and whether Mr R had been provided with appropriate warnings about the possibility of fraud. The scheme agreed to undertake a full investigation into the transfer.
The scheme subsequently agreed they had failed to carry out sufficient due diligence checks before the transfer was completed. They agreed to reinstate Mr R into their scheme and calculate and pay the death benefits due from his reinstated record.
We thanked the scheme for their assistance.
Related case studies
Recovery of overpayment by equitable set-off Determination
The case involved complaints made by Mr E against Teachers’ Pensions (TP) and Islington Borough Council (the Council), resulting from TP’s claim that his pension from the Teachers’ Pensions Scheme (the Scheme) had been overpaid, and its request for the return of the overpaid amounts.
Death benefits
Mr S was a member of Stanplan A, a Standard Life occupational pension scheme (the Scheme).