Member

It is clear that there has been no ombudsman investigation of the—false, I am afraid—1996 assurances, the loss of inflation protection or lower pension outcomes. The law was changed in 2013, presumably after the problem was discovered at AEAT, so the people transferring from public to private sector schemes retain their public sector pension by default. This is no comfort to the AEAT members, but has ensured that the problem will not happen to others in the future. That is the good news.