Andy Bell, CEO of platform and SIPP firm AJ Bell, has warned that proposed new anti-scam rules on pension transfers risk undermining thousands of legitimate transfers.

Pension transfer activity slumped by 20% during 2020 but signs of possible scams climbed with 49% of transfers showing at least one 'red flag', according to a new report.

The FCA has launched a Defined Benefit Advice Assessment Tool to help advisory firms understand how the regulator checks the suitability of Defined Benefit pension transfer advice.

A flood of insolvencies in 2021 could lead to a new gold rush for DB transfer in the new year as household budgets are squeezed, according to a new report.