All Pensions Ombudsman articles – Page 7
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News
Provider's failed attempt to reclaim death benefit sets rectification warning
Schemes have been reminded they cannot simply revoke decisions if a mistake has been made, after the pensions ombudsman ruled against a scheme provider that tried to claw back death benefit payments.
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News
NUJ to appeal ombudsman ruling over BBC pensionable pay cap
The National Union of Journalists will appeal the pensions ombudsman’s determination that the BBC's pensionable pay cap did not breach its obligations, as more employers look to such tools to derisk schemes.
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News
Ombudsman decision underscores record-keeping risk
Schemes have been urged to record benefit decisions after a determination by the pensions ombudsman found against trustees that had not properly documented a resolution to cease discretionary increases.
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News
How the pension fraud action group will tackle scam increase
The Pension Liberation Industry Group will develop a code of practice on pension transfers to protect trustees, as liberation schemes find new ways of targeting members.
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News
Pensions regulatory gap 'unsatisfactory', DWP report says
News analysis: The regulatory gap between pensions and wider financial services needs addressing, a Department for Work and Pensions report has said, but ongoing reform is pushing the issue down the agenda.
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FeaturesWest Yorks Police pays penalty for ill-health mishap
West Yorkshire Police received a fine from the Pensions Ombudsman for failing to deal with a member's ill-health benefits in the correct way.
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Features
NHS fine shows importance of monitoring retirement dates
As the NHS scheme is fined £4,000 by the ombudsman for maladministration, Pippa Stephens finds out how to avoid costly pay-outs associated with late retirees.
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Features
Unipart fine underlines risk in death benefit allocation
Pippa Stephens and Brian Cantwell explore how schemes can manage the risk of poorly administering death benefits, and avoid the fine meted out to the Unipart Group Pension Scheme.