Smiths Industries Pension Scheme (CAS-110689-M5K1)
Ombudsman’s Determination
Outcome
Mr S has complained that the increase applied to his Scheme pension in excess of the Guaranteed Minimum Pension (GMP) from 1 May 2022 should have been 7.5% instead of the 5% increase that was actually awarded, in contradiction to a commitment made to members in August 1998.