Asphalt Reinforcement Services Pension Scheme (PO-21743)
Ombudsman’s Determination
Outcome
Mr E’s complaint is partly upheld and to put matters right, PIM Trustees shall pay an award to Mr E in respect of the non-financial injustice it caused him
Complaint summary
Mr E’s complaint against PIM Trustees concerns alleged financial loss as a result of its poor administration of the Scheme. Specifically:-
· Delays in completing the deed of removal and appointment (the Deed), in connection with its replacement as pensioneer trustee.
· Mismanagement of the leases for the commercial properties, including failure to re-negotiate them.
· Failure to complete the transfer of the share dealing account, after Barclays Plc (Barclays) decided to withdraw this facility.
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