Legal and General Stakeholder Pension Plan (PO-26967)
I do not uphold Mr Y’s complaint and no further action is required by L&G.
Mr Y has complained that L&G did not carry out sufficient due diligence checks when transferring his benefits from the Plan to a Small Self-Administered Scheme (the SSAS) in 2014.
The complaint arises as the SSAS was invested in a high risk, commercial business, unsuitable as a pension fund investment, which has subsequently failed. Mr Y fears he has lost much of his pension fund as a result.
- Complainant: Mr HRespondent: Aviva Life and Pensions UK LimitedOutcome: Not upheldComplaint Topic: AdministrationRef: PO-28150Date:
- Complainant: Mr NRespondent: NOW: Pensions TrustOutcome: Not upheldComplaint Topic: AdministrationRef: CAS-36525-M3G0Date: