Pilots' National Pension Fund (CAS-55231-T8P5)
Complainant: Mr L
Complaint Topic: Misquote/misinformation
Ref: CAS-55231-T8P5
Outcome: Partly upheld
Respondent: PNPF Trust Company Limited (the Trustee)
Capita
Capita
Type: Pension complaint or dispute
Date:
Appeal: No
Ombudsman’s Determination
Outcome
Mr L’s complaint against the Trustee and Capita is partly upheld. To put matters right, the Trustee shall pay Mr L £500 in recognition of the significant distress and inconvenience which he has suffered in relation to this matter.
Complaint summary
Mr L has complained that an early retirement factor of 7.2% was applied to his pension benefits. This reduction led to the provision of an incorrect illustration of a cash equivalent transfer value (CETV).
View determination
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