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

Part of its Transfer Watch tracker

Sophie King
clock
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.
Image:

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...

To continue reading this article...

Join Professional Adviser

 

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Tap into our community intellignece through our regular Pro Adviser poll.
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on Pensions

The PLSA said all schemes need to connect into the dashboard ecosystem as soon as possible

Dashboards: Schemes urged to connect, compare, convey

Schemes prompted to put dashboards on the agenda as 2023 on-boarding date nears

Holly Roach
clock 14 October 2021 • 2 min read
Quilter's Jon Greer.

Number making top ups after new state pension rose 85%

Class 3 NICs

clock 27 September 2021 • 2 min read
WEALTH at Work director Jonathan Watts-Lay.

Covid-19 fuels early retirement for fifth of Brits aged 50 and above

Only one in 10 have had to delay retirement plans

Jon Yarker
clock 11 August 2021 • 1 min read