VRSEB Retirement Plan (PO-15224)
Ombudsman’s Determination
Outcome
Mrs N’s complaint is upheld and to put matters right Fast Pensions should provide a full written response to Mrs N’s questions regarding the status and security of the Plan, including the current value, and assist her in exercising her statutory right to a transfer if she so wishes.
Fast Pensions should also pay Mrs N, £1,000, to reflect the significant distress and inconvenience caused to her by their maladministration.
My reasons for reaching this decision are explained in more detail below.