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8,395 amber warning flags were raised between December 2021 and October 2022
A majority of pension transfers which raised an amber warning flag were as a result of an unknown reason or for transfers pertaining to overseas investments, according to data released by the Money and Pensions Service (Maps).
The data - obtained through a freedom of information request from wealth manager Quilter - found since the introduction of the new transfer regulations in November 2021, 8,395 transfers raised an a...
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