Pension transfer values remain stable during November, figures showed today.

Xafinity, the pensions consultant and Sipp provider, has revealed plans today to buy several divisions from rival Punter Southall Holdings for up to £153m.

Analysis by a pension consultancy has uncovered signs of potential scam activity in 1 in 12 pension transfer requests with unauthorised advisers among the worst culprits.

New figures released today showed that defined benefit pension schemes transfer values increased last month.