XPS launches pension scam tracker as cases 'spike' during lockdown

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 Transfer Watch, the others being the Transfer Activity index and the Transfer Value index. The launch comes at a time when pension scams have increased, especially during the coronavirus-induced lockdown. The new index spotted a jump in red flags associated with fees and charges and half of all transfers covered in the past two months have generated a red flag. Earlier this month (9 Sept...