Draka UK Pension Plan (CAS-58659-G1Y9)
Prysmian Pension Scheme Trustee Limited
Ombudsman’s Determination
Outcome
I do not uphold Mr S's complaint and no further action is required by Mercer or the Trustee.
Complaint summary
Mr S considers that his pension in payment should increase by at least 3% on 1 April each year. He has complained that the Trustee refused to honour this in his first year of retirement, on the basis that the pension had been in payment for less than a year.
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