The Lloyds Bank Pension Scheme No. 2 (the Scheme), formerly the Lloyds TSB Group Pension Scheme No. 2 (PO-2708)
Complainant: Mr A
Complaint Topic: Post retirement increases (escalation): RPI/CPI
Ref: PO-2708
Outcome: Partly upheld
Respondent: The Trustees of the Scheme (the Trustees)
Type: Pension complaint or dispute
Date:
Appeal: No
Mr A’s complaint against the Trustees of the Scheme is that they have adopted annual increases based on the Consumer Price Index (CPI) instead of the Retail Price Index (RPI) Literature provided to him at the time of accepting a comp …
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