Standard Life has been cleared of misleading a client about the value of his pension pot by the Pensions Ombudsman, who said the retiree should have taken advice to avoid breaching the lifetime allowance instead of relying on figures from the provider.
The complainant, Mr E, had a number of pension pots, including a defined contribution (DC) plan with the insurer, as well as two separate self-invested personal pensions (SIPP). Mr E claimed Standard...
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Avoidance, evasion and non-compliance
From 6 April 2019