Ombudsman orders Abbey Life to pay £10,000 for GAR omission

clock

The Pensions Ombudsman has ordered Abbey Life to pay almost £10,000 to a member for failing to inform her that she had a guaranteed annuity rate (GAR).

The claimant, Mrs Godfrey, joined the scheme – run by Paine Webber International (UK) in 1978 and contributed to it for two years. On retiring in 2004, Godfrey says she was not issued with a ret...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Law and Regulation

SPP: The potential impact of bringing pensions into the inheritance tax regime

SPP: The potential impact of bringing pensions into the inheritance tax regime

Richard Wyatt says putting pensions into the IHT regime is like fitting a square peg in a round hole

Richard Wyatt
clock 19 December 2024 • 3 min read
Government confirms no compensation will be paid to Waspi women over state pension age changes

Government confirms no compensation will be paid to Waspi women over state pension age changes

DWP finds delays to communicate state pension changes did not amount to financial loss

Martin Richmond
clock 17 December 2024 • 5 min read
ACA, APL and SPP issue update on Virgin Media case

ACA, APL and SPP issue update on Virgin Media case

Tripartite working party urges DWP to regulate to allow retrospective amendments

Jonathan Stapleton
clock 17 December 2024 • 2 min read
Trustpilot