Philips Pension Fund (PO-10167)
Complainant: Mr N
Complaint Topic: Interpretation of scheme rules/policy terms
Ref: PO-10167
Outcome: Not upheld
Respondent: 1. Philips Electronics UK Limited
2. Philips Pension Trustees Limited
2. Philips Pension Trustees Limited
Type: Pension complaint or dispute
Date:
Ombudsman’s Determination
Outcome
I do not uphold Mr N’s complaint and no further action is required by Philips or the Trustee.
My reasons for reaching this decision are explained in more detail below.
Complaint summary
Mr N has complained that the control and financing of his pension benefits have been transferred to an insurer and that he has been denied the option of taking up a pension increase exchange (PIE) as a consequence of that insurer’s influence.
View determination
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