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America One News
America One News
26 Mar 2025

#society

GB News: Pension system overhaul under fire as Labour's reforms 'will see increase in identity fraud'
Pension system overhaul under fire as Labour's reforms 'will see increase in identity fraud'
Labour's pension system overhaul faces criticism for potential identity fraud risks. Experts warn that the new pension dashboards could lead to serious data breaches, jeopardizing millions of savers' information. Concerns are heightened as the rollout for major providers is set for April 2025.

Industry leaders stress the importance of robust identity verification practices to mitigate fraud risks, which currently costs the UK £1.8 billion annually. Despite progress, challenges remain in ensuring data quality and security as the pension system transitions to a digital format.