XPS launches pension scam tracker as cases 'spike' during lockdown
Part of its Transfer Watch tracker
The overall incidence of red flags has been increasing over time, with around 35% of cases since July 2019 identifying at least one warning sign" - XPS' Nicola Young.
XPS Pension Group has launched a Red Flag Index to measure the incidence of possible scam red flags, as the risk of pension scams increases.
The index, as part of XPS' monthly Transfer Watch tracker, will help give regular insights into activities could be a threat to member outcomes. The Red Flag index will make up one part of the group's...
More on Pensions
Pensions Ombudsman to restart Carey Pensions claim investigations
Had previously put on hold
'Profoundly important': Experts discuss Court of Appeal Carey Pensions ruling
In favour of Russell Adams
DB transfer complaints to ombudsman jump 44% in 2020
Jump from 554 in 2019
Pension scam red flags hit record level - XPS
But steady transfer values
Untouched DC pension wealth 'doubles' raising concerns about lost pots
Defined contribution (DC) pension wealth in the UK has more than doubled since the start of auto-enrolment in 2012, raising concerns about lost pensions.
Back to Top
More news
Ditch complex rise in normal minimum pension age - Quilter
'Unintended complexity'
One of the youngest British Steel victims: 24-year-old tells transfer tale
Transferred £50,000
Incisive Media welcomes Schroders as multi-channel sponsor of the Sustainable Investment Festival
Running sessions throughout June's inaugural event
