Xafinity SIPP and SSAS has rebranded as XPS Self Invested Pensions following the creation of XPS Pensions Group three years ago when Xafinity acquired the actuarial and administration divisions of Punter Southall.

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.

Pensions transfer data showed a high proportion of 'red flags' in October with over 60% of transfers showing signs of possible scams.

Defined benefit pension scheme members could still be waiting to receive payments as much as £25,000 following the Guaranteed Minimum Pensions (GMP) Equalisations judgement in October 2018, according to a pensions consultancy.