The Meggitt Pension Plan (PO-22690)

Ombudsman’s Determination

Outcome

I do not uphold Mr N’s complaint and no further action is required by the Trustee and Meggitt Plc.

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

Complaint summary

Mr N complains that the Trustee and Meggitt Plc failed to provide adequate information about the calculation of his Plan benefits. Mr N does not feel the difference between early retirement from active and deferred member status was made clear. As such, he was unable to make a fully informed decision when deliberating whether retiring on 31 March 2016 from active service would be in his best interests. He contends that if the Trustee and Meggitt Plc had not failed to do this, he would have retired on 31 March 2016 instead of deferring his retirement.

In order to put matters right, Mr N would like the Trustee and Meggitt Plc to pay him a backdated early retirement pension from the Plan, assuming he had retired on 31 March 2016 from active service.