Ombudsman backs Standard Life over refusal to give second transfer value

James Phillips
clock • 3 min read

The Pensions Ombudsman (TPO) has stood behind the Standard Life staff pension scheme's decision to not issue a new transfer value, despite a member agreeing to pay for it.

Mr Y had received a cash equivalent transfer value (CETV) of £99,612 in August 2016, but in September used the scheme's self-service online portal to obtain a new quote, which estimated a value of ...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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