Trustees get power to block 'red flag' scam transfers

Govt proceeds with plans

clock • 3 min read
Pensions and financial inclusion minister Guy Opperman.
Image:

Pensions and financial inclusion minister Guy Opperman.

Enhanced powers for trustees to block or pause transfers where there is potential scam activity will come into force on 30 November, the government has confirmed.

In a bid to cut down on scam and fraudulent activity, the Department for Work and Pensions has confirmed it will go ahead with "red" and "amber" flag proposals. Outlined in a consultation earlier this...

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