Redress for Non-Financial Injustice
Update: 3 July 2015
We have also updated our ‘How we investigate complaints’ factsheet to reflect the guidance.
Update: 15 June 2015
We have published a factsheet about redress for non-financial injustice, such as distress and inconvenience.
The purpose of the factsheet is to provide guidance on our approach and the level of awards we are likely to make to compensate applicants who have suffered significantly as a result of maladministration.
To bring us in line with industry practice, our usual starting point for awards will be £500 or more. In most cases, they will range from £500 to £1,000. But sometimes higher awards are necessary.
If the non-financial injustice is not significant, no award is likely to be made.
Related news
- TPO sets out its position on trustees’ obligations when considering a member’s request to exercise a pre-2021 statutory transfer right from an occupational pension scheme.Date:The Pensions Ombudsman (TPO) has published a Determination concerning a pension scheme member (Mr D) who transferred from the British Steel Pension Scheme (the Scheme) to a small self-administered pension scheme in 2014. Mr D complained, some years later, that although this was in accordance with his wishes at the time, the transferring trustee (the Trustee) failed to carry out sufficient due diligence to check for scam warning signs, and then communicate the presence of those warning signs to him. As a result, Mr D claimed he had lost valuable retirement benefits.
- Deborah Evans, Chair, reflects on her first month at TPODate:In her first blog, Deborah Evans, TPO’s newly appointed Chair, sets out her thoughts on joining the organisation at such a pivotal time.