New red and amber warnings on risky pension transfers come into force today following a Department for Work and Pensions initiative.

Record DB pension transfer values have pushed up average costs for transferees by 10% in one year.

Pension transfer advice is under threat and may become scarce without action by regulators and pension schemes, according to new research. 

The Financial Conduct Authority has warned two IFAs and a stockbroker that they face fines and regulatory action over their alleged role in a £5.9m SIPP pension transfer scam.