Dodgy DB transfers, changes to pension credit and 'child trust funds' maturing - here's our weekly heads-up on the financial stories that may have caught your clients' attention over the weekend …
Final salary savers at risk of bogus pension transfers More than half of savers who decided to move their money out of defined benefit (DB) schemes last month may have been persuaded to do so by scammers, the Sunday Times reports this weekend. The paper reports XPS Pension Group had "red-flagged" the requests of 50 out of 99 savers with whom it held consultations in July, amid fears they had been targeted by suspicious schemes. This means that up to £10.9m of £26m earmarked to be transferred was set to be stolen by fraudsters. XPS consultant Nicola Young says the figures are worryi...
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