Pension scam signs close to record highs

As many as 70% of transfer requests are showing scam warning flags

Hope William-Smith
clock • 2 min read
Pension scam signs close to record highs

Seven in every ten requests for a defined benefit (DB) pension transfer are raising scam warning flags, XPS Pensions Group says.

The consultant said signs of transfers where a scam might be present "soared" last month as shown by its scam flag index. The March increase represents the third consecutive monthly increase in ...

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 Defined Benefit

Thousands of DB schemes will run until 2035, say pension professionals

Thousands of DB schemes will run until 2035, say pension professionals

Poll of 400 industry professionals reveals changing outlook for the sector

Alex Levy
clock 04 September 2026 • 1 min read
Industry stresses DB surplus release decisions must be scheme specific

Industry stresses DB surplus release decisions must be scheme specific

Firms say low dependency should not trigger automatic release of surplus funds as lawyers raise concerns over age restrictions

Alex Levy
clock 03 September 2026 • 4 min read
Aon launches run-on solution aimed at smaller DB schemes

Aon launches run-on solution aimed at smaller DB schemes

Firm claims economies of scale will make run-on strategies more realistic for schemes

Alex Levy
clock 03 September 2026 • 2 min read
Trustpilot