Pension scam Red Flag Index reaches five-month high - XPS

XPS' Red Flag Index reflects pension transfers with at least one warning sign of a potential scam or the possibility for poor member outcomes. The data also showed that there was a small increase in the Transfer Value Index, which rebounded slightly over the month, rising to an annual rate of 63 transferring out of every 10,000. The Transfer Value Index also showed a slight increase, sitting at £251,000 in May and £247,000 in April. In January, the Transfer Value sat at £254,000, decreasing to £242,000 in February before a slight jump to £246,000 in March.  Elsewhere, XPS reveal...