Reassure Personal Pension Plan (PO-21509)
Complainant: Dr Y
Complaint Topic: Misquote/misinformation
Ref: PO-21509
Outcome: Partly upheld
Respondent: ReAssure Limited
Type: Pension complaint or dispute
Date:
Ombudsman’s Determination
Outcome
Dr Y’s complaint against ReAssure is partly upheld, but there is a part of the complaint I do not agree with. To put matters right for the part that is upheld, ReAssure shall pay Dr Y £1,000 for the serious distress and inconvenience this matter has caused him.
Complaint summary
Dr Y’s complaint against ReAssure is that it provided incorrect information in relation to the amount of Lifetime Allowance (LTA) that would be used up by purchasing an annuity using his benefits in the Pension. He says had it provided correct information, he would have transferred his benefits to a drawdown plan instead.
View determination
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Capita
Outcome: Not upheldComplaint Topic: Misquote/misinformationRef: CAS-120149-V2J3Date: