Pensions: Fraud

HM Treasury written question – answered on 2nd July 2015.

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Photo of Stephen Timms Stephen Timms Shadow Minister (Work and Pensions)

To ask Mr Chancellor of the Exchequer, what estimate he has made of the number of people who have been victims of fraud and mis-selling related to the new pensions flexibilities.

Photo of Stephen Timms Stephen Timms Shadow Minister (Work and Pensions)

To ask Mr Chancellor of the Exchequer, what steps he has taken to monitor the prevalence of fraud related to the new pensions freedoms.

Photo of Harriett Baldwin Harriett Baldwin The Economic Secretary to the Treasury

I refer the hon member to my answer given on 11 June to PQ 2227.

More widely, the Government will be launching a consultation this month to strengthen people’s rights to access their pensions flexibly. The consultation will look at ways of making the process for transferring pensions from one scheme to another quicker and smoother and removing any unjustifiable barriers to doing so.

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