Merck Pension Scheme (CAS-77637-S3D8)
Complainant: Mr L
Complaint Topic: Pre retirement increases (revaluation)
Ref: CAS-77637-S3D8
Outcome: Not upheld
Respondent: Merck Pension Trustees Limited
AON
AON
Type: Pension complaint or dispute
Date:
Appeal: No
Ombudsman’s Determination
Outcome
I do not uphold Mr L’s complaint, and no further action is required by the Trustee or AON.
Complaint summary
Mr L has complained that the Trustee has changed the method of applying statutory revaluation (increases to a preserved benefit in a period of deferment) to the Guaranteed Minimum Pension. Mr L has said that this has adversely affected the transfer value of his deferred pension.
View determination
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