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

MPs vote for motion to provide compensation for Waspi women

MPs vote for motion to provide compensation for Waspi women

109 MPs backed SNP motion for government to consider findings of PHSO report

Martin Richmond
clock 30 January 2025 • 3 min read
Robin Ellison – How TPR might do its bit to boost UK economic growth

Robin Ellison – How TPR might do its bit to boost UK economic growth

PP’s regular columnist imagines how the regulator might improve national productivity

Robin Ellison
clock 29 January 2025 • 12 min read
DB surplus plans mark 'a seminal moment in UK pensions' industry says

DB surplus plans mark 'a seminal moment in UK pensions' industry says

Industry lines up to praise DB surplus moves as long as right guardrails are in place

Jonathan Stapleton
clock 28 January 2025 • 6 min read
Trustpilot