Automatic red flags to give trustees greater power to halt pension transfers
The flag system would also allow transfers to be paused. Photo: Albertoamaretto/Pixabay
Pension transfers will be red-flagged and blocked if savers have been approached via social media under stronger anti-scam plans set out by the government on Friday.
The Department for Work and Pensions (DWP) has launched a consultation, open for just under four weeks, on strengthening protections against scams for members where unsolicited contact is received via...
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