Pensions Ombudsman confirms the Pensions Dishonesty Unit will be wound down

The Pensions Ombudsman has announced that its Pensions Dishonesty Unit will shortly be wound down. DWP funding to run the Unit as a pilot has now come to an end, other than the provision of an allowance lasting to the end of October to wind down its work over this financial year (2025/26).

The Unit had unique powers to hold individuals accountable for the actions of trustees where there have been acts of dishonesty, providing victims with a voice and highlighting pension scams.

The Ombudsman said that affected customers will receive signposting to appropriate alternative reporting avenues, such as the Regulator and Action Fraud.