Babcock International Group Pension Scheme (PO-2639)
Complainant: Mr John Hadland
Complaint Topic: Benefits: incorrect calculation
Ref: PO-2639
Outcome: Not upheld
Respondent: Babcock Pension Trust Limited
Type: Pension complaint or dispute
Date:
Subject
Mr Hadland’s complaint is that following a change of the rules of the Scheme, the commutation factor and annuity rate is different. He says that the factor and the rate would essentially be the same if the administration charges were not paid out of the members’ funds.
The Pensions Ombudsman’s determination and short reasons
The complaint should not be upheld against the Trustee because the rules have been correctly applied.
View determination
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