Water Companies Pension Scheme – Bristol Water plc Section (CAS-92093-N4D9)

Ombudsman’s Determination

Outcome

The complaint should not be upheld against the Trustee as, in making the decision to return surplus to Bristol Water, it acted properly and made a reasonable decision.

Complaint summary

Mr S has complained about the Trustee’s decision to return a surplus of approximately £12 million to the employer, Bristol Water plc (Bristol Water), on the winding-up of the Section.

Although this complaint just relates to Mr S, I understand that Mr S has been liaising with the Bristol Water Pensions Action Group and that some of his submissions comprise of information obtained through that group.