Glasgow-based IFA Cowley & Miller Independent Financial Services Limited has failed after the firm was hit with 34 claims from clients, most related to pension transfers.

The Pension Regulator (TPR) and DWP have amended guidance on tough pension transfer regulations introduced in November last year.

The Financial Services Compensation scheme is investigating Wellington Court Financial Services Ltd over the transfer of client pensions into a SIPP.

A record high 78% of pension transfers raised at least one warning sign of potential scam activity in April.

Amber flags are being raised on potentially low-risk pension transfers due to a ‘weakness’ relating to overseas investments in the new rules, according to a new report.

The FCA has relaunched its pension transfer ‘advice checker’ tool for consumers to help them assess whether they have received unsuitable advice.

Seven in ten pension transfer requests made in March showed indicators according to the XPS Pension Scam Flag Index.

The latest data on pension transfers from pension firm XPS suggests a “significant increase” in the proportion showing signs of potential scam activity.

Men are almost twice as likely to be at serious risk of pension transfer fraud than women, according to a new report.

Pension transfer activity dropped to its lowest level in four years in December.