Over three quarters of pension transfers in December raised red flags for potential fraud. This is an unfortunate and growing trend. What is surprising is that people are still being advised to transfer out of Defined Benefits schemes and into something that is totally unsuitable for them.

Newport have been aware of this for some time now and are actively working with best in class CMCs and litigation lawyers putting together groups who have previously been involved in one of these scams. If you’ve been given poor advice and transferred your pension into something that has failed, please get in touch with us at clientservices@newporttm.co.uk

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