Independent trustee fees assessed 1

United Kingdom

Reference: M01003

The scheme was in wind-up and the complainant raised a number of issues including the level of fees of the independent trustee. The Ombudsman considered the fees and assessed a random sample for a period of three months. In this case he commented that given the work done, the time spent and the hourly rates (between £50 and £200) were not excessive. However, it is interesting that the Ombudsman assessed the fees in some detail.