Halma Group Pension Plan (PO-18959)

Ombudsman’s Determination

Outcome

I do not uphold Mr R’s complaint and no further action is required by the Trustees.

My reasons for reaching this decision are explained in more detail below.

Complaint summary

Mr R, a former finance director of Apollo Fire Detectors Limited (Apollo), complains that the Trustees have used an incorrect Final Pensionable Salary (FPS) of £81,750 in the calculation of the retirement benefits available to him from the Plan. In his view, the correct FPS should be £95,012 which includes an additional allowance that he received whilst he was also a director of Texecom Limited (Texecom).