The Robins Davies and Little Group Pension & Life Assurance Scheme (PO-9889)

Ombudsman’s Determination

Complaint Summary

Mr X complains that the Trustees wrongly decided not to award him interest on the extra pension payment available to him from the Scheme of £18,779.28 after his pension was recalculated during the Scheme’s assessment period for entry into the Pension Protection Fund (PPF).

Summary of the Ombudsman’s Determination and reasons

The complaint should not be upheld against the Trustees because Mr X has no absolute entitlement to interest under the Scheme Rules or at law on his additional pension payment. All members of the scheme in a similar position have been treated in the same way, the trustees’ approach was reasonable, and I do not consider that an injustice has been caused such as to require a direction for interest.