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Schemes can use death registration information

15 September 2008

In the first move of its kind, fraud prevention company Tracesmart has been allowed access to obtain death registration information by the General Register Office. Pension schemes can use the data to scan members to stop benefits being drawn after a member's death, as well as using the information to update personal details.

Tracesmart managing director Michael Trezise said: "Being supplied with up-to-date and accurate death registration information ensures that we will be able to supply the pensions industry with access to the most comprehensive database of mortality data available. Our new existence product will provide a simple and affordable method to protect pension schemes from fraud whether it be inadvertent or intended."

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