The Pensions Ombudsman has ruled against a complainant who argued part of his pension should be classified as DC in order to protect it from Pension Protection Fund reductions.
WM Marshall accepted a severance payment of £320,000 into his salary-related pension from employer Grampian Country Foods Group when he left the company in 1998. However, Grampian hit financial ...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date