11 February 2021
•
Image:
Pension scam 'red flags' dip after 2020 record high - XPS
Two-thirds (60%) of defined benefit (DB) pension transfers triggered a 'red flag' warning for potential fraud or scams last month but the figure was down from December's record-high, data from XPS Pensions showed.
The consultant's Transfer Watch revealed red flags for pension scams were at 60% in January this year, a fall from the record high 76% the month prior. However, this number remains high in light of...
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.
