Oral Answers to Questions

Peter Grant Excerpts
Monday 22nd June 2015

(9 years, 6 months ago)

Commons Chamber
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John Bercow Portrait Mr Speaker
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Last but not least, I call Peter Grant.

Peter Grant Portrait Peter Grant (Glenrothes) (SNP)
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The Secretary of State may be aware of a report on the front page of today’s Herald about a recently retired employee who took advantage of the Government’s changes to pension regulations and as a direct result was scammed out of his entire pension provision of £360,000. What steps are his Department taking to make sure that the changes it has introduced do not simply allow gangs of criminals to declare open season on our pensioners?

Iain Duncan Smith Portrait Mr Duncan Smith
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I am glad the hon. Gentleman raised that specific case, and I would like to hear more from him about it, as I have not read that report myself. We are doing a huge amount under the consultation and we want to look more at scams and how to stop them. I will very much be making those representations to the industry and will, if necessary, bring in relevant legislation.