Standard Life Staff Pension Scheme (PO-19153)
Complainant: Mr L
Complaint Topic: Misquote/misinformation
Ref: PO-19153
Outcome: Upheld
Respondent: Trustees of the Standard Life Staff Pension Scheme (the Trustees)
Type: Pension complaint or dispute
Date:
Ombudsman’s Determination
Outcome
Mr L’s complaint is upheld, and to put matters right, the Trustees shall pay Mr L the sum necessary to compensate him for the number of units Mr L would have purchased had his transfer been made no later than 25 April 2017.
My reasons for reaching this decision are explained in more detail below.
Complaint summary
Mr L has complained that he was provided with incorrect and misleading information regarding his statutory right to transfer.
Mr L has further complained that his transfer was delayed, and that he has suffered a significant investment loss as a result.
View determination
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