Surplus 1 1

United Kingdom

Reference: J00313

The complaint concerned the distribution of scheme surplus on a winding-up. The trustees had discretion to augment members' benefits with the balance going to the employer. They decided to augment benefits by 30 per cent, but one member did not benefit from this as his benefits had reached revenue limits. He complained that the trustees should have been more imaginative in formulating their proposals. The Ombudsman rejected the complaint.