25% of pension transfer assessments in Q1 2023 raised red flag scam warnings
Behavioural biometrics can be utilised to protect members, PASA delegates told
Guide will help industry with key due diligence steps when assessing transfers
Trustees fearful of lack of engagement from members
Scams is an important issue, but administrators need to play their part
Survey finds that regulators should be doing more to combat the growing threat
Increase follows in the wake of the November 2021 changes to pension transfer rules
XPS research revealed higher-value pensions are much more likely to be targeted
Just 400 schemes and organisations have so far signed the pledge
Trustees lack confidence the new regime will work and are uncertain as to the process