Ombudsman backs Halcrow over indexation reduction following RAA

James Phillips
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Ombudsman backs Halcrow over indexation reduction following RAA

The Pensions Ombudsman (TPO) has backed the Halcrow Pension Scheme (HPS) trustees after they reduced the level of indexation for transferred-in benefits when members were transferred to another scheme.

The case, brought by Mr Y, relates to previous communications by the trustees that money transferred into the scheme would rise at 6.5% each year during deferment. However, the regulated apportionment...

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