Railways Pension Scheme and Jarvis Facilities Section (PO-11293)

Ombudsman’s Determination

Outcome

I do not uphold Mr N’s complaint and no further action is required by the Trustees of the Scheme

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

Complaint summary

Mr N disputes the actions taken by the Trustees between January and September 2013, and their decision not to transfer his pension benefits from the JFS of the Scheme to the Network Rail Section (NRS).

Mr N believes that transfer restrictions should have been lifted during these two dates because the Pensions Protection Fund (PPF) Assessment Period had ended.

As a result of his benefits entering the PPF, he says he has suffered a financial loss; specifically a 10% reduction to both his annual pension and tax free lump sum.