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Draka UK Pension Plan (CAS-58659-G1Y9)

Complainant: Mr S
Complaint Topic: Post retirement increases (escalation): general
Ref: CAS-58659-G1Y9
Outcome: Not upheld
Appeal outcome: None
Respondent: Mercer Limited
Prysmian Pension Scheme Trustee Limited
Type: Pension complaint or dispute
Date:
Appeal: No

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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