The ICI Pension Fund (N00104)
Complainant: Mr D Knott
Ref: N00104
Respondent: Mr D Knott Fund The ICI Pension Fund Trustee ICI Pensions Trustee Limited
Type: Pension complaint or dispute
Date:
Mr Knott has been receiving increases to the Guaranteed Minimum Pension (GMP) element of his pension at 7% p.a. since his retirement. In November 2002 the Trustee applied instead an increase of 1.5% across the whole of Mr Knott’s pension. The Trustee asserts the increase to the GMP was discretionary. Mr Knott fee …