Bridging pensions 2

United Kingdom

Reference: L00236

The scheme contained a bridging pension option, designed to maintain a similar level of income immediately before and after state pension age, when the state pension comes into payment. A member was given an incorrect figure for the reduction in his scheme pension at 65 when state pension would come into payment. The reduction should have been much more than was quoted to him. The member claimed that had he known of the correct figure, he would not have elected to take the bridging pension option. The Ombudsman was not convinced on the evidence that the member would not have taken the option anyway.