Trustees have been warned they could be penalised for taking more than a month to complete transfers after The Pensions Ombudsman upheld a complaint against Optimum Capital Ltd (OCL).
Scheme member Philippe Pollet had complained he had lost out because OCL, as principal employer and trustee of the Optimum Internal Pension Plan had failed to process his request to transfer to a L...
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