Regulation to help providers block scam pension transfers comes into effect

'Setting in place clear barriers'

clock • 1 min read
Regulation to help providers block scam pension transfers comes into effect

Enhanced powers for trustees to block or pause pension transfers where they see potential scam activity came into force on Tuesday (30 November).

Under the new regulation outlined by the Department for Work and Pensions (DWP), providers are required to raise red or amber flags when a transfer attempt to a suspicious scheme is made. A red flag...

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