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OPDU Report 25
- November 2008
Bulletin Board
Claims Report
Some typical examples of the subject matter of claims in which we have been involved are as follows:
- Incorrect formulas used for calculating benefits
- Interpretation of Trust Deeds
- Overpayment of Benefits
- Misapplication of Scheme Rules
- Seeking Court Directions
- Early retirement & ill-health disputes
- Rectification proceedings
- Accounting irregularities
- DC choices of investment funds
- Pension Sharing Orders
- General administration errors
- TUPE issues
- Misrepresentations by trustees
- Transfer Values
- Incorrect quotations
- Discrepancies between scheme documentation and administration practice
- Delays in transfer and payments of benefit assets
The issues have involved individual claim sums ranging up to £20m to date. Experience demonstrates the importance of the accuracy of data and we recommend trustees ensure that regular data health checks are undertaken.
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