MPs Urge New Laws For Big Tech Over £10B Pension Scams

Law360, London (March 29, 2021, 12:13 PM BST) -- Google and Facebook are lining their pockets with advertising revenue from an estimated £10 billion ($13.8 billion) pensions scam industry, a parliamentary committee has said, as it called for tech giants to be better held to account by Britain's regulators.

The Work and Pensions Committee said on Sunday that the government must broaden the scope of proposed legislation and punish so-called Big Tech companies for displaying adverts from financial con-artists and fraudsters. The committee published its report after a public inquiry into the scope of pensions fraud that began in July last year.

Stephen Timms, chairman of the committee, said rules...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!