RSM says updated guidance a ‘positive starting point’ but more needs to be done
FOI data found Maps does not communicate about the reason for an ‘amber flag’
Increase follows in the wake of the November 2021 changes to pension transfer rules
Pensions and financial inclusion minister Guy Opperman has issued a fresh warning over new tax year pension scams.
In the third of a five-part series of articles for PP, pensions minister Guy Opperman sets out how impending legislation will help crackdown on 'crooks' scamming people out of their pensions.
There has been a significant increase in the number of 'red flags' reported on pension transfers in the last 12 months by the XPS Pensions Group, which it said leaves millions of pounds at risk.
Savers are being warned by the Insolvency Service to guard their pension pots from investment scammers and negligent trustees as it winds up 24 companies.