Second reading of Online Safety Bill in parliament

Bill 'is urgently needed to protect people'

Martin Richmond
clock • 1 min read

The Online Safety Bill had its second reading in Parliament yesterday (19 April).

The bill, first introduced to parliament in May last year, initially excluded provisions to tackle online financial fraud. After the industry raised concerns about the lack of these provisions, it prompted a government U-turn. Last month, the government further widened the scope of the bill by including paid-for advertisements in a bid to eradicate the increase in financial scams. Phoenix Group head of financial crime prevention Yvonne Collins said: "As the Online Safety Bill makes its way through parliament it is crucial that measures to crack down on fraudulent online advertising ar...

To continue reading this article...

Join Professional Adviser for free

  • 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
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Pensions

Could an independent commission solve the state pension dilemma?

Could an independent commission solve the state pension dilemma?

'The next government needs to take a step back from political rhetoric'

Rachel Vahey
clock 17 June 2024 • 3 min read
Number of SIPP millionaires up 20% at Hargreaves Lansdown

Number of SIPP millionaires up 20% at Hargreaves Lansdown

Provider has 3,794 SIPP millionaires on its client roster

Jenna Brown
clock 17 June 2024 • 2 min read
Welsh firm declared failed by FSCS over pensions advice

Welsh firm declared failed by FSCS over pensions advice

Claims can now be made against Broadlands Partnership

Isabel Baxter
clock 17 June 2024 • 1 min read