The Implementing Administrator of a wound-up pension plan brought a motion seeking party status and clarification regarding the implementation of a Claims Bar Procedure established in a prior consent order.
The Financial Services Tribunal granted the Implementing Administrator limited party status to address implementation issues.
The Tribunal also provided guidance, confirming that the Administrator's proposed practical steps for distributing Member Profile Statements and processing claims, despite incomplete data and the unavailability of the Revised Windup Report, complied with the intent of the original order.
