Gov't Floats Changes To Pension Fraud Compensation Rules

By Ashish Sareen (July 27, 2022, 6:35 PM BST) -- The U.K. government launched a consultation on Wednesday on technical amendments to the rules that govern how the country's two compensation funds pay out for insolvency and fraud in occupational pension schemes.

The Department for Work and Pensions said that between 70% and 85% of the pension schemes that could fall within the scope of Fraud Compensation Fund have used up most or all their assets.

The Fraud Compensation Fund pays out to occupational pension schemes which have lost out financially because of dishonesty. It also covers situations where an employer is unable to make good the shortfall caused by the...

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!

TRY LAW360 FREE FOR SEVEN DAYS

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!