Publication
Regulation Around the World: Open Finance
In this issue of Regulation Around the World we look at how regulators are developing their proposals for Open Finance.
Pensions Ombudsman publishes factsheet for members – what to do about incorrect pension information
United Kingdom | Publication | August 2023
The Pensions Ombudsman receives many complaints from members who have received incorrect pension information from their scheme, such as an incorrect benefit statement or incorrect retirement statement. On July 31, 2023, the Ombudsman published a factsheet explaining what members should do where they have been given the wrong information by their scheme.
The Ombudsman clarifies that usually, members will be entitled only to the correct benefits as set out in the scheme rules, even where a higher amount was mistakenly quoted.
The factsheet also sets out steps members can take in making a complaint when they realise that incorrect information has been provided. It also outlines how the Ombudsman undertakes its investigations.
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