Financial Assistance Scheme (PPFO-4050)
Complainant: Mr D Ogborne
Complaint Topic: Other
Ref: PPFO-4050
Outcome: Not upheld
Respondent: Pension Protection Fund
Type: Financial Assistance Scheme appeal
Date:
Summary of the application
The Ombudsman has received an appeal against a decision made by the Pension Protection Fund (PPF) as Scheme Manager of the Financial Assistance Scheme (FAS) under the FAS internal review procedure. The appeal concerns the calculation of Mr Ogborne’s “expected pension” by reference to the amount of annuity which was secured for him out of the assets of his former pension scheme on winding up.
Summary of the Ombudsman’s determination and reasons
The Scheme Manager’s decision was correct and Mr Ogborne’s “expected pension” has been correctly calculated.
View determination
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