Eq Life scheme trustees guilty of ignoring GAR

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UK - Pensions ombudsman David Laverick has found the trustees of an Equitable Life AVC scheme guilty of maladministration after failing to identify its guaranteed annuity rate.

Laverick ruled in favour of Andrew Clarke who claimed he had suffered financial loss to his pension due, principally, to Kerry Retirement Benefits Scheme trustees’ ignorance of the GAR. Clarke s...

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