Displaying items by tag: pension transfers
Scottish pension transfer IFAs fails after 34 claims
Glasgow-based IFA Cowley & Miller Independent Financial Services Limited has failed after the firm was hit with 34 claims from clients, most related to pension transfers.
Pension transfer rules amended by TPR and DWP
The Pension Regulator (TPR) and DWP have amended guidance on tough pension transfer regulations introduced in November last year.
FSCS investigates SIPP transfer firm
The Financial Services Compensation scheme is investigating Wellington Court Financial Services Ltd over the transfer of client pensions into a SIPP.
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.
Low risk pension transfers being caught under new rules
Amber flags are being raised on potentially low-risk pension transfers due to a ‘weakness’ relating to overseas investments in the new rules, according to a new report.
FCA revamps pension transfer ‘advice checker’ tool
The FCA has relaunched its pension transfer ‘advice checker’ tool for consumers to help them assess whether they have received unsuitable advice.
Scam warnings flagged up for 70% of pension transfers
Seven in ten pension transfer requests made in March showed indicators according to the XPS Pension Scam Flag Index.
2 in 3 pension transfers show scam signs
The latest data on pension transfers from pension firm XPS suggests a “significant increase” in the proportion showing signs of potential scam activity.
Men twice as likely to fall victim to pension transfer fraud
Men are almost twice as likely to be at serious risk of pension transfer fraud than women, according to a new report.
Pension transfers drop to four-year low
Pension transfer activity dropped to its lowest level in four years in December.