DB transfers falter as potential scam activity rockets: research

Hannah Godfrey
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DB transfers falter as potential scam activity rockets: research

Activity in the defined benefit (DB) transfer market fell to a record low in September, while the number of transfers exhibiting scam ‘red flags' increased to a new high of 62%, according pensions consultancy XPS Pensions Group.  Transfer activity in firms with schemes administered by XPS fell to a new low in September, to an annual equivalent of 0.54% of eligible members, down from 0.67% in August.   September's stats represent 54 in every 10,000 eligible members transferring each year...

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