Member

The PHSO did not investigate what happened at privatisation. The Pensions Ombudsman refused to investigate on the basis that the Limitation Act 1980 prevented this, as more than 15 years had elapsed since privatisation in 1996. The pre-pack insolvency had happened 16 years later, and it was only then that the members found they had no protection from the public sector. The Financial Ombudsman cannot deal with DB pension schemes, so this did not fall within its remit either. The PPF ombudsman said it could take action only if the PPF board had made a mistake, which it had not.