TPO dismisses complaint against Royal London

Royal London was accused of unreasonably switching the complainant’s investments

Holly Roach
clock • 2 min read
TPO dismisses complaint against Royal London

The Pensions Ombudsman (TPO) has dismissed a complaint against Royal London which alleged the firm had unreasonably switched investments out of the scheme’s ‘with-profits’ fund.

In 2017, the complainant said his investments in the scheme's fund had been switched into the late vesting account - an interest paying investment fund set up with the aim of securing a member's be...

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 Industry

WSB Awards 2025 - Enter now!

WSB Awards 2025 - Enter now!

The 13th anniversary WSB Awards will be presented in London on 10 September

Workplace Savings and Benefits
clock 03 April 2025 • 2 min read
Aberdeen confirms transfer of £3bn of pension policies from Phoenix Life

Aberdeen confirms transfer of £3bn of pension policies from Phoenix Life

Existing policyholders will see minimal changes but will access extended fund range

Jasmine Urquhart
clock 03 April 2025 • 1 min read
Industry welcomes extension of TPR oversight to professional trustee firms

Industry welcomes extension of TPR oversight to professional trustee firms

Industry welcomes extension of TPR oversight to professional trustee firms

Martin Richmond
clock 03 April 2025 • 5 min read
Trustpilot