The Pensions Regulator has issued a press release which is centred on the fact that the Fraud Compensation Fund has now paid out £81.5 million in compensation to 58 pension schemes in respect of more than 2,000 victims of pension scams. The FCF has also issued a rather shorter press release.

The joint-agency initiative follows the High Court ruling in Board of the Pension Protection Fund v Dalriada Trustees Ltd [2020]. The case examined issues surrounding the operation of the FCF regarding compensation claims by occupational pension schemes which had been used as vehicles for pension scams.

The FCF website contains a list of schemes currently being considered for compensation.



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