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...

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