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17th August 2018
:: Blog | January 2009 (12 blogs) | Pension clawback claimed for fraudulent or negligent misrepresentation

 
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Pension clawback claimed for fraudulent or negligent misrepresentation 
 
The greatest number of complaints received by the Pensions Ombudsman focus on ill health issues, most commonly to do with whether processes as defined in the Scheme Rules were followed correctly. So, the case referred to in this article has every chance of opening a new category, as the sponsoring employer seeks to attempt to recover nearly half a million pounds of pension entitlement it claims were paid because of 'fraudulent or negligent misrepresentation'. See:
 
I’d also highly recommend that you read this report about the trials and tribulations being suffered by a growing number of Australians. It might be about an overseas pension system – but it’s a system that until now has been much admired by many other countries.
 
The article quotes John Ralfe, an independent pension consultant in Britain, who said ‘faith in the Australian model was now very thin, even though an Australian industry survey last September showed that satisfaction with fund returns was still running high, at 80 percent, down from 87 percent a year earlier.’
 
He adds, ‘As we approach 2012, even if we are then through the recession people will say: 'I'm not going to save 3 percent because I need to pay down the mortgage or I need to hunker down, and even if I do save 3 percent, look what happens when you put your money in the stock market. It disappears!' See:
Mike Jones, MyCompanyPension.co.uk, 29th January 2009
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

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