The ombudsman added that, if there was a loss, On-Line Partnership should pay into Mrs L’s pension plan with the new provider, to increase its value by the amount of the compensation and any interest.
If On-Line Partnership was unable to pay the compensation into Mrs L’s pension plan, it should pay the amount directly to her.
Article continues after advert
Additionally, the network was told to pay Mrs L £200 for the distress and inconvenience it has caused her and provide the details of the calculation to Mrs L in a “clear simple format”.
On-Line Partnership was contacted for comment.
tom.dunstan@ft.com
What's your view?
Have your say in the comments section below or email us: ftadviser.newsdesk@ft.com
Page 3 of 3