AEA Technology Pension Scheme (PO-4816)
Complainant: Mr Richard James Lee
Complaint Topic: Administration
Ref: PO-4816
Outcome: Not upheld
Respondent: Robin A Technology Realisations Pension Trustee Limited
Type: Pension complaint or dispute
Date:
Complaint summary
Mr Lee complains that the trustee failed to act in the best interests of Scheme members, and colluded with AEA Technology plc (AEAT) in putting the company into administration and the Scheme into a Pension Protection Fund (PPF) assessment period.
Summary of the Ombudsman’s determination and reasons
The complaint should not be upheld, as the trustee’s negotiations with AEAT and its support of the company’s approach were within its powers. Faced with AEAT’s failure to pay contributions to the Scheme, the trustee’s chosen course was not perverse.
View determination
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