Pension scam victims have received new hope as the result of a "landmark" ruling" by the Pensions Ombudsman, according to Royal London director of policy Steve Webb.
The decision related to a police officer who had transferred out his police pension into a new scheme but then became concerned that, as the ombudsman noted, the money had been "lost or misappropriated". The ombudsman ruled the Northumbria Police Authority had failed the policeman in two ways - by not sending him the official anti-scam ‘Scorpion' literature prepared by the Pensions Regulator; and by not carrying out proper checks on the pension scheme into which the money was being transferred. The ombudsman ruled the scheme was guilty of maladministration and ordered it to reinstate th...
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