Halcrow Pension Scheme No.2 (PO-19912)
Ombudsman’s Determination
Outcome
I do not uphold Mr S’ complaint and no further action is required by HGL.
My reasons for reaching this decision are explained in more detail below.
Complaint summary
Mr S’ complaint is that HGL, the sponsoring employer of HPS2, decided after the implementation of the Regulated Apportionment Arrangement (RAA) to merge other Defined Benefit (DB) schemes it sponsored into HPS2 and this compromised the security and value of his benefits.
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