Sotheby’s pensioners up in arms over pre-1997 indexation issue

Some Sotheby’s pensioners are considering taking their cases to the Pensions Ombudsman, alleging maladministration over the way the scheme was explained to them. The auction house has stopped paying inflation increases on pre-1997 pensions that pensioners thought were guaranteed and is now planning a scheme buyout without the increases, Mallowstreet.com reports. Pensions accrued before 1997 …

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