Latest DB transfer scam powers face capacity constraints - 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 powers for trustees to block or pause transfers where there is potential scam activity were confirmed by the government on 8 November, with the DWP saying it will go ahead with its planned "red" and "amber" flag proposals from the end of this month. As part of this process, all defined benefit transfers will be checked - a red flag would raise enough concern to remove the statutory right ...