Possible scam activity in transfer requests falls marginally - Xafinity

Research from the firm's pension scam identification unit found 8% of transfer cases showed signs of possible scam activity in 2017, compared with 11% in 2016. The analysis showed the most common sign for potentially fraudulent transfers, in 33% of scam cases identified, was the involvement of unauthorised advisers or introducers in the transfer process. While 20% of scams identified were due to cold calling, the research found cold calls were not the only route being used to extract pension money from consumers. Xafinity pointed out the ban on cold calling confirmed by the governm...