The trustees of a pension fund were entitled to be partial in the exercise of their discretions, provided that such exercise was not in bad faith, or irrational. The Pensions Ombudsman had been wrong to seek to extend his powers so that people might come to be bound by his decisions who had no opportunity to take part in the process. That would be contrary to natural justice, even though he had power to investigate any complaint.
Citations:
Gazette 15-Sep-1999
Statutes:
Pension Schemes Act 1993 146 (3)
Jurisdiction:
England and Wales
Financial Services
Updated: 11 May 2022; Ref: scu.89859
