Having deliberated over the two Pension options available, I have drawn the conclusion that the Trustees have failed in their duty of care to protect pension members through their underhanded decision to seek approval for the HPS2 scheme without our initial consent. This suggests that the Trustees sought only to protect jobs and not pensioners income. Before I make my final decision I would appreciate some advice or answers on the following points:
1. Why have the Trustees, Halcrow and Ch2hill not been brought for questioning by the Oension Select Committee, given the high deficit and actions taken?
2. Why do the Trustees have authority or indeed the legal right to refuse a third option of a Transfer-ou-Value for pension members, given their failings in trust, decision making and breach of contract to provide me with a final salary pension and a 5 percent yearly increase?
3. Can I opt for A Transfer-Out-Value under PPF?
4. Have any of the Trustees taken Transfer-Out Values on their own pensions since the CH2 acquisition and is this legal?
5. How are CH2/Halcrow legally allowed to set up a Pheonix Company purely to fail and enter PPF? How is this legal? If under insolvency administration will imminent pension claims be protracted for payment.
6. I am close to normal retirement age . i.e. 4yrs and fail to understand why I have only been offered a 1 percent uplift given that 4yrs is little time for me to try to increase my pension pot?
7. Will the Temporay component if my pension be paid under HPS2?
8. Does the HPS2 scheme currently exist as a pension scheme under CH2hill or Halcrow?
Thank you in advance!
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