Almost half (44%) of amber pension transfer scam warning flag guidance sessions are being conducted without knowledge of why the flag was raised, according to the Money and Pensions Service (MAPS).

The number of annual pension transfers has risen by 64% since 2018, according to a new report.

The Financial Conduct Authority (FCA) is to change its methodology for calculating redress for non-compliant pension transfer advice.

The Financial Services Compensation Scheme has declared two advice firms in default with over 88 pension transfer claims between them.