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
- 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
