Gala Coral Pension Plan (PO-20093)

Ombudsman’s Determination

Outcome

Ms D’s complaint is upheld and to put matters right HFPL shall pay into Ms D’s pension arrangement with Royal London, such amount as is necessary so that her monies in that arrangement is of the same value that it would have been had £415,106 been paid into Ms D’s chosen investment on 8 December 2016, rather than £389,785 which was paid into a separate account and later transferred into her chosen pension arrangement.

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

Complaint summary

Ms D’s complaint is about the delay in transferring her benefits from the Plan to a personal pension plan with Royal London.