Pension transfers being 'unnecessarily' delayed due to scam warning flags

PensionBee argues there is ‘no clear correlation’ between the number of scam flags and the number of scams occurring

Martin Richmond
clock • 3 min read
Pension transfers being 'unnecessarily' delayed due to scam warning flags

Thousands of pension transfers are being “unnecessarily” delayed by providers raising scam warning flags when there is no risk of a scam, analysis from PensionBee finds.

This suggestion comes after XPS Group data showed there had been a rise in the percentage of red and amber warning flags raised relating to pensions transferred out of XPS administered schemes. In ...

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Martin Richmond
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Martin Richmond

Senior Correspondent at Professional Pensions

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