John Hogg & Co Limited Retirement Benefits Scheme (PPFO-12070)
Ombudsman’s Determination
Outcome
I do not uphold Mr S’ complaint and no further action is required by the Board.
My reasons for reaching this decision are explained in more detail below.
Referral summary
The reviewable matter referred by Mr S is that the Scheme’s PPF levy for the year 1 April 2015 to 31 March 2016 has been overstated due to the erroneous inclusion of a Pension Scheme Mortgage in the calculation of the Employer’s Insolvency Risk Score (the Score).
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