Transfer complaint against teachers' scheme upheld

Ombudsman ruled scheme did not do its due diligence when transferring £220k pension

Jasmine Urquhart
clock • 1 min read
Transfer complaint against teachers' scheme upheld

The Pensions Ombudsman (TPO) has upheld a maladministration complaint against Teachers' Pensions (TP) regarding a historic transfer made to a suspected scam scheme – ordering the transferring scheme to reinstate a pension which had been worth nearly £220,000.

In a decision published on 14 December, TPO upheld a complaint from a teacher, known as ‘Mrs G', that TP did not conduct sufficient due diligence checks when transferring her pension benefits to th...

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Jasmine Urquhart
Author spotlight

Jasmine Urquhart

Senior Correspondent at Professional Pensions

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