Labour's overhaul of the pension system is under fire due to risks of identity fraud. Experts warn that the new pension dashboards could expose millions of savers to data breaches.

As the rollout for major providers approaches in April 2025, industry leaders emphasize the need for strong identity verification practices to counteract fraud, which currently costs the UK £1.8 billion each year.

Despite some advancements, significant challenges persist in maintaining data quality and security as the pension system shifts to a digital format.

The Digest, 3/26/2025 @1200AM, CDT

Loading...