Source · Select Committees · Work and Pensions Committee
Recommendation 3
3
Not Addressed
We recommend that DWP should publish details of its plans to co-ordinate work with the...
Recommendation
We recommend that DWP should publish details of its plans to co-ordinate work with the Treasury to combat pension scams as a matter of urgency. Following the introduction of the pension freedoms there is now less practical distinction between the areas of Treasury responsibility, including investments and advice, and DWP’s role in combatting pension scams. (Paragraph 12) Recording and reporting
Government response summary AI-generated
The government response discusses Project Bloom's definition of pension scams and ongoing threat assessments, but it does not address the recommendation for DWP to publish plans for co-ordination with the Treasury.
Summary of the government's response below — read the verbatim text to verify.
Government Response
Not Addressed
HM Government · verbatim extract
Not Addressed
The Department for Work and Pensions (DWP) and HM Treasury already work collaboratively on these issues, including through Project Bloom, and recognise the importance of doing so to address the vulnerabilities the fraudsters exploit. This joined-up approach also recognises the interlinkages between both departments in the areas of financial advice, guidance and pensions / investment fraud. However, combatting pension scams requires cross-government co-ordination and DWP is also working closely with the Home Office and the Department for Digital, Culture, Media and Sport to ensure there is a consistent and unified approach to these issues. We cannot commit to publishing details of policy discussions between Government departments as much of this work will be sensitive. However, as referenced in the introduction, the Government is committed to publishing a comprehensive Fraud Action Plan after this year’s Spending Review, that will commit key partners in the public sector and industry to do more to tackle fraud. Recording and reporting
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