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Pension transfer values fall to lowest since 2016

Average pension transfer values in May fell to £217,000, the lowest level seen since June 2016, as the number of transfers raising one or more warning flags rose to 83%.


FCA commits to tackling scams faster

The Financial Conduct Authority (FCA) has committed to upping its investment in using data to tackle online fraud faster.


More than half of HNW clients hit by scams 

More than half (53%) of High Net Worth individuals say they have been victims of a financial scam - a 10% rise in just six months.


Nearly 500 pension transfers trigger anti-scam interviews

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.

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