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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%.

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Over 3 in 4 pension transfers raise red flags in April

A record high 78% of pension transfers raised at least one warning sign of potential scam activity in April.

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Scam warnings flagged for 7 in 10 pension transfers

Seven in ten pension transfer requests made in March showed indicators according to the XPS Pension Scam Flag Index.

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DB transfer scam warnings rise despite activity drop

The proportion of DB transfers showing red flags for a potential scam or poor member outcomes rose to 50% in January.

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