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 the...

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