scam

PP Buzz poll finds most of industry think rules around overseas investments need a rethink

Cyber risk can be tackled through ‘open, transparent and collaborative working’

PMI finds average loss to members from pension scams is £16,500

Value fell by 7% in May to lowest month-end figure since XPS launched index in 2016

ScamSmart providers knowledge and tools to avoid pension scams

Average transfer values drop while 90% of requests have scam warning flags

The industry is cautious when processing pension transfers due to the ‘red flag’ system

Increase follows in the wake of the November 2021 changes to pension transfer rules

XPS research revealed higher-value pensions are much more likely to be targeted

Trustees lack confidence the new regime will work and are uncertain as to the process