Contributions not paid to scheme – The case study of Mr Y
Mr Y complained that PSDT Limited (PSDT) failed to pay all his pension contributions to his pension scheme.
A total of £728.22 contributions was deducted from Mr Y’s salary but not paid to the scheme. £500 employer contributions were also not paid.
The scheme, Mr Y and TPO tried to sort out the issue of missing contributions but received no response from PSDT.
The Pensions Ombudsman upheld Mr Y’s complaint, commenting that PSDT had shown a complete disregard of its responsibilities and legal requirements. He ruled that PSDT should:
- Pay the missing contributions.
- Pay any fee charge by the scheme to calculate any investment losses.
- Pay any investment loss calculated by the scheme (based on the assumption contributions were invested in the same funds as the only contribution received by the scheme.
- Pay Mr Y £1,000 for the distress and inconvenience.
Related determinations
Related case studies
Overpayment – The case study of Mrs E
Mrs E was a member of the Teachers’ Pension Scheme (the Scheme) and she complained that Teachers’ Pensions (TP) were attempting to recover an overpayment of £13,506.15 from her.
Post retirement increases – The case study of Mr P
This complaint concerns the annual increases that have been applied to Mr P’s pension.