The Pension Scams Industry Group (PSIG) has developed a voluntary "Code of Good Practice" for combating pension scams. It is intended to help those involved in the administration of registered pension schemes to assess members' transfer and cash withdrawal requests: good industry practice on due diligence.
We are pleased to host Version 2.2, which is effective from 1st April 2021 and contains the following five components:
- Framework Document
- Practitioner Guide
- Resources Pack
- Technical Guide
- Summary of Changes
See the PSIG website for more information.
Please note PSIG's disclaimer that the Code is for guidance only and does not purport to constitute legal advice. This applies to all five of the components. See PSIG's website for the full text of the disclaimer.
If you would like access to Aries Guidance on all aspects of pensions law and regulations, please do get in touch.