Latest DB transfer scam powers face capacity constraints - LCP

In force from 30 November

Hope William-Smith
clock • 2 min read
“Red” and “amber” flag proposals will go ahead from the end of this month
Image:

“Red” and “amber” flag proposals will go ahead from the end of this month

The Department for Work and Pensions (DWP) has failed to confirm if it is prepared to deal with a potential large volume of cases under the anti-scam measure systems being introduced from 30 November, according to Lane Clark & Peacock (LCP).

The consultancy said a parliamentary response to a question on capacity crunch tabled by MP Wendy Chamberlain did not give a clear answer on whether additional resources have been allocated. Enhanced...

To continue reading this article...

Join Professional Adviser

 

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Tap into our community intelligence through our regular Pro Adviser poll.
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on Pensions

Stephen McPhillips: What next for the normal minimum pension age?

Stephen McPhillips: What next for the normal minimum pension age?

NMPA explained

Stephen McPhillips
clock 08 December 2021 • 4 min read
Three-quarters of advisers have transferred out of a DB pension

Three-quarters of advisers have transferred out of a DB pension

Latest Pro Adviser Poll results

Jenna Brown
clock 08 December 2021 • 3 min read
The trustees confirmed they are also still working on other exercises in the lead up to the new buyout date.

FCA warns firms advising British Steel members as scheme to exit PPF

Scheme to exit PPF

Hope William-Smith
clock 07 December 2021 • 2 min read