Old British Steel Pension Scheme (PO-19042)
Ombudsman’s Determination
Outcome
I do not uphold Mr W’s complaint and no further action is required by the Trustee.
Complaint summary
Mr W has complained about the Trustee’s decision to issue his cash equivalent transfer value (CETV) quotation using the existing calculation basis at the time, even though it had already decided to update this. He believes that the Trustee should have provided him with an updated CETV quotation following the implementation of the new CETV calculation basis.
He has also said that Tata Steel UK (TSUK), the OBSPS’ principal sponsoring employer, should be investigated for its role in the complaint.
View determination
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