Scheme:
Netwindfall Executive Pension Plan
Complainant:
Mr N
Respondent:
Clerical Medical
Topic:
Transfers: general
Ref:
PO-5395
Date:
Wed 8 Feb 2017
Outcome:
Not upheld

Ombudsman’s Determination

Outcome

I do not uphold Mr N’s complaint and no further action is required by Clerical Medical.

My reasons for reaching this decision are explained in more detail below.

Complaint summary

Mr N has complained that Clerical Medical has refused to transfer the value of his Plan to the Marchar Ltd Retirement Benefits Scheme (the Marchar Scheme) and he has lost out on a large financial gain he would otherwise have attained.

View determination