A total of 488 people have so far completed a Pensions Safeguarding Guidance anti-scam interview since the new FCA pension transfer rules were introduced at the end of November.

The latest data on pension transfers from pension firm XPS suggests a “significant increase” in the proportion showing signs of potential scam activity.

The Financial Services Compensation Scheme has declared financial advice firm John Dyer in default.

Men are almost twice as likely to be at serious risk of pension transfer fraud than women, according to a new report.