Leafield Retirement Plan (PO-13826)
Ombudsman’s Determination
Outcome
Mr Y’s complaint is upheld, and to put matters right Fast Pensions should contact Mr Y to clarify his right to access his pension funds and any penalties that apply, and pay him £1,500 to reflect the distress and inconvenience caused to him by Fast Pensions’ maladministration. If Mr Y seeks to exercise a valid statutory right to a transfer value from the Plan to a named pension arrangement that is willing to accept it, Fast Pensions should pay the transfer value to that arrangement.