There has been a significant increase in the number of 'red flags' reported on pension transfers in the last 12 months by the XPS Pensions Group, which it said leaves millions of pounds at risk.
Between June 2018 and June 2019, the number of red flags reported by XPS's scam identification team almost tripled. In June 2018 the team found warning signs of scam activity every one-in-eight (13%) cases,...
Amendments to the Pension Schemes Bill passed by peers in the House of Lords last night will see a wide-ranging suite of reforms for the pensions industry draw another step closer.
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