Pensions: Fraud

(asked on 8th March 2021) - View Source

Question to the Department for Work and Pensions:

What steps she has taken to strengthen protections for pension savers.


Answered by
Guy Opperman Portrait
Guy Opperman
Parliamentary Under-Secretary (Department for Transport)
This question was answered on 8th March 2021

The Government is committed to safeguarding pension savings.

The Pension Schemes Act 2021, notably Section 125, will strengthen rules around pension transfers and
introduce new criminal offences for unscrupulous employers who mismanage schemes. These measures will protect savers in Bury South and across the United Kingdom

Many pension scams are initiated and perpetuated online, and that is why I am meeting with Google on 10 March to explore what action is being taken against online pension fraud
and persuade them to stop fraudsters using their site.

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