Legal News

DWP gives trustees powers to target pension scams

Published on: 09 November 2021
Published by a Law360 reporter

Article summary

Law360, London: The Department for Work and Pensions (DWP) published new regulations on 8 November 2021 that give pension trustees the power to suspend potentially criminal transfers of retirement savings, after warnings from the Financial Conduct Authority (FCA) and The Pension Regulator (TPR) that £30m had been lost to fraud in three years.

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