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

'Disappointing to see increase'

Sophie King
clock • 2 min read
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.
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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 XPS Transfer Watch’s Red Flag Index rose once again in May to 61%, reaching a five-month high, data released by the pension consultant shows.

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...

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