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Clariant Pension Plan (CAS-51076-L6K5)

Complainant: Mr S
Complaint Topic: Post retirement increases (escalation): general
Ref: CAS-51076-L6K5
Outcome: Not upheld
Appeal outcome: None
Respondent: Clariant Trustees Limited
Type: Pension complaint or dispute
Date:
Appeal: No

Ombudsman’s Determination

Outcome

I do not uphold Mr S’ complaint and no further action is required by the Trustee.  

Complaint summary

Mr S has complained that the rules governing the Plan provide for fixed annual increases of 5% on his pension but the Trustee has restricted the increases to 3% based on obsolete HMRC limits.

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