FOS upholds poor pension communication complaint against Aviva

Investor was in poor health

clock • 2 min read

The Financial Ombudsman has upheld a complaint against Aviva Life & Pensions for failing to clearly communicate pension values to a client, causing them undue stress.

The client - labelled ‘Mr M' in the decision notice - had received incorrect valuations of his pension fund from 2017 onwards. This was discovered when his financial adviser queried a notable difference in fund size. As a result of this discrepancy, attributed to a system error, Mr M complained it had impacted his confidence to plan for retirement and so requested a transfer. There was then a 25-day delay transferring the pension. Aviva offered him £150 for the inconvenience and £453.74 for the delay in transferring to his new scheme. However, Mr M continued to disagree with the co...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

FCA complaints: Pensions and investment gripes on the rise

FCA complaints: Pensions and investment gripes on the rise

Total number of financial services complaints hits 1.85 million

Jenna Brown
clock 23 October 2025 • 1 min read
Updated: Failed financial advice firms tracker

Updated: Failed financial advice firms tracker

Firms that the FSCS has confirmed as failed since the start of 2023

Professional Adviser
clock 21 October 2025 • 1 min read
Regulatory pressure continues to 'weigh' on advisers

Regulatory pressure continues to 'weigh' on advisers

Consumer Duty and FCA reporting cited as biggest regulatory demands

Jenna Brown
clock 20 October 2025 • 1 min read