Calls for 'major review' of fraud compensation system

The PLSA supports the fraud compensation regime but called for an implementation delay

Holly Roach
clock • 2 min read
The PLSA blasted current arrangements as 'no longer fit for purpose'
Image:

The PLSA blasted current arrangements as 'no longer fit for purpose'

The fraud compensation system needs a “major review” to ensure it works for savers and schemes, according to the Pensions and Lifetime Savings Association (PLSA).

The trade body said it supports an effective fraud compensation regime but called for an implementation delay to review "unreasonable proposals". In its response to the Department for Work and Pensions'...

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