Trustees get power to block 'red flag' scam transfers

Government proceeds with plans to enhance ability to tackle scams in suspect situations

James Phillips
clock • 3 min read
Pensions and financial inclusion minister Guy Opperman. Credit: UK Parliament
Image:

Pensions and financial inclusion minister Guy Opperman. Credit: UK Parliament

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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