Displaying items by tag: pension transfers
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.
FCA asks advisers about British Steel transfers
The Financial Conduct Authority has sent a survey to 2,500 advice firms on its work related to the British Steel Pension Scheme (BSPS).
Pensions consolidation on the rise
A third of Financial Planners have reported an increase in demand for pension consolidation advice over the past year, according to a new report.
BSPS victims may get FCA redress scheme
The FCA is to consult on launching a redress scheme for pension transfer victims of the British Steel Pension Scheme (BSPS) debacle.
Transfer values climb but so do scam warnings
Retirement provider XPS Pension Group says its Pension Transfer Value Index climbed to a new high of £270,000 at the end of November due to forecasts of increased inflation and a dip in gilt yields.
BSPS claims top 1,000 as 5 more adviser firms fail
The Financial Services Compensation Scheme reported today that it has so far received 1,018 claims from former members of the British Steel Pension Scheme (BSPS).
Integrity IFA scolded by ombudsman for ignoring client complaints
The Financial Ombudsman Service (FOS) has upheld two complaints about Integrity IFA’s advice involving unregulated investments in SIPPs and scolded the advice firm for ignoring both clients and the ombudsman.
99% of DB transfers go into SIPPs
A new survey has revealed that 99% of DB pension transfers clients move their money into SIPPs.