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

Holly Roach
Author spotlight

Holly Roach

Deputy Editor at Professional Pensions

More on Industry

Rohit Meena Rajesh: Remaining resilient in an ever-evolving industry

Rohit Meena Rajesh: Remaining resilient in an ever-evolving industry

Meena Rajesh speaks about his early pensions career, moving to the UK, the importance of DEI and his Rising Star triumph

Martin Richmond
clock 12 February 2026 • 10 min read
FCA CEO reiterates idea of allowing early access to pensions for housing deposits

FCA CEO reiterates idea of allowing early access to pensions for housing deposits

Nikhil Rathi says ‘contentious’ debate to be had about using portion of pension savings for housing deposits

Martin Richmond
clock 12 February 2026 • 1 min read
US investment manager Nuveen agrees £9.9bn deal to buy Schroders

US investment manager Nuveen agrees £9.9bn deal to buy Schroders

Combined group will oversee almost $2.5trn (£1.83trn) of assets under management

Linus Uhlig
clock 12 February 2026 • 2 min read
Trustpilot