Pension scams rise sharply over February

Data comes from the XPS Pensions Group’s scam flag index

Martin Richmond
clock • 1 min read
February's numbers represents an increase over last month's figures
Image:

February's numbers represents an increase over last month's figures

Two in three pension transfer requests raised scam warning flags in February, according to XPS Pensions Group.

This represents an increase in the number of transfer requests that raised scam warning flags last month, where one in two transfers triggered warning signs. This comes as defined benefit transf...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Law and Regulation

Industry welcomes TPR funding statement but calls for clarity on next steps

Industry welcomes TPR funding statement but calls for clarity on next steps

Industry backs regulator’s call for DB schemes to consider their endgame options and develop surplus policy

Jonathan Stapleton
clock 06 May 2026 • 5 min read
PRA takes action on UK insurers' use of funded reinsurance

PRA takes action on UK insurers' use of funded reinsurance

Funded reinsurance deals will face enhanced regulatory requirements

Jonathan Stapleton
clock 29 April 2026 • 3 min read
Parliament agrees Pension Schemes Bill paving way for Royal Assent

Parliament agrees Pension Schemes Bill paving way for Royal Assent

House of Lords agrees heavily amended mandation powers accepting final draft of bill

Jonathan Stapleton
clock 29 April 2026 • 6 min read
Trustpilot