UK. Pensions transfer scams on the increase

Between April and June, 1685 pension scam assessments were completed using helpandadvice.co.uk's MoneyHelper flagged scam predictor tool. A quarter of those approached were asked to make a quick decision on whether to transfer, up significantly from 15 per cent in the previous quarter. The average scam likelihood score was 23 per cent, meaning that of the 1685 people that completed the assessment, almost a quarter of cases had associated red flags, a red flag means further investigation is needed. Having tracked the data for over...