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 P...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Post- and pre- dashboards worlds will look 'very different'

Post- and pre- dashboards worlds will look 'very different'

Chris Curry says industry standards have improved as a result of dashboard delivery

Holly Roach
clock 14 August 2026 • 2 min read
Aviva posts fall in BPA business but strong growth in wealth and workplace

Aviva posts fall in BPA business but strong growth in wealth and workplace

Insurer says BPA market ‘less active and more competitive’ but sees workplace flows soar

Professional Pensions
clock 14 August 2026 • 2 min read
Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

TPT CDC solution, PASA dashboard guidance, £83m buy-in deal

Professional Pensions
clock 14 August 2026 • 1 min read
Trustpilot