Royal Academy of Arts Pension Scheme (CAS-111359-D3J5)
XPS Administration
Ombudsman’s Determination
Outcome
Mr L’s complaint against the Trustees is partly upheld. To put matters right, the Trustees shall pay Mr L £1,000 in respect of the serious non-financial injustice he has sustained as a consequence of their maladministration.
The overpayment of the cash equivalent transfer value (CETV) is, however, recoverable.
Complaint summary
Mr L’s complaint concerns the overpayment of his CETV from the Scheme. He is unhappy that the Trustees and XPS are seeking to recover the overpayment.
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