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Close Brothers Limited (1979) Pension Plan (PO-2591)

Complainant: Mr David Pusinelli
Complaint Topic: Interpretation of scheme rules/policy terms
Ref: PO-2591
Outcome: Not upheld
Respondent: 1. Close Brothers Group Plc
2. Trustees of the Close Brothers Limited
Type: Pension complaint or dispute
Date:

Subject

Mr Pusinelli complains about changes made to his pension plan

The Deputy Pensions Ombudsman’s determination and short reasons

The complaint should not be upheld against Close Brothers Group Plc or the Trustees of the Close Brothers Limited (1979) Pension Plan because there does not appear to have been any breach of law or maladministration in respect of the rules. Even if there was maladministration with regard to past practice, the Trustees are now administering the Plan correctly and Mr Pusinelli has not suffered any loss from any past failure to do so. There is no contractual entitlement as claimed by Mr Pusinelli.

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