UniqueNewYork
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I have never heard of trustees being removed from a scheme and no one replacing them...probably because it is a legal requirement for there to be a trustee of the scheme.
Under IORPS II, there are enhanced trustee requirements so your pension could move to a master trust structure.
Yes, but by the time I make a complaint, allow the company time to address the complaint and possibly sort the issue, or then get a letter from them if it is not resolved (to raise a complaint with the ombudsman), it could be several months and I still have to wait until new trustees are appointed and wait for them to sign off on my payment.This is very frustrating for you.
In your position, I would put my complaint in writing to the company and if you get no response, make a complaint to the ombusman.
The ombusman said that they can only act when you put in a formal complaint, so you should work towards that, to try to force the situation.
Am told that I just have to wait until the new trustees are appointed and in place, apparently the employer was advised that the trustees were stepping down last September, but it appears as though nobody did anything about it since then. Seems a bit ridiculous that the employer can just decide to do nothing about it, and both the pension providers and the pension advisors who were also informed of the trustees stepping down also did nothing to follow up on new trustees being appointed.If there is no trustee the revenue approval of the scheme could be at risk. You should try and get it to a prb asap.
Can you or the pension provider be appointed a trustee of the scheme to complete the transfer?
There has to be good reason to resign as trustee. Were you not informed of this change? Usually this would be accompanied with a solution.
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