Scam warning flags hit highest level in nine months, XPS finds

Number of cases to raise at least one scam flag warning exceeds 90% for first time this year

Martin Richmond
clock • 2 min read
Scam warning flags hit highest level in nine months, XPS finds

The number of pension transfer cases to raise a scam warning flag reached the highest level in nine months in June, research from XPS Pensions Group has found.

The latest data from the consultancy's Scam Flag Index showed 92% of the cases reviewed by its Scam Protection Service last month raised at least one scam warning flag, compared to 89% in May. XPS ...

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

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

Partner Insight: Beyond the numbers - supporting vulnerable pensioners

Partner Insight: Beyond the numbers - supporting vulnerable pensioners

Just Group
clock 19 November 2024 • 4 min read
SPP: DB funding code will create clarity between funding, covenant and investment

SPP: DB funding code will create clarity between funding, covenant and investment

Survey finds 25% say code will establish ‘clearer TPR expectations’ for risk management

Martin Richmond
clock 14 November 2024 • 1 min read
DB surpluses hit record £208bn in October, XPS finds

DB surpluses hit record £208bn in October, XPS finds

Surpluses up from £187bn in September due long-term gilt yield rise and drop in liabilities

Holly Roach
clock 13 November 2024 • 1 min read
Trustpilot