New FCA webpage on reporting concerning pension transfer requests

• Individuals who provide unauthorised advice on pension transfers.
• Increases in the volume of transfers advised by the same adviser.
• If a member requested a transfer following a cold call or unsolicited contact, or a member has been offered an incentive to make a transfer.
• If a scheme has high risk or unregulated investments, its charges are unclear or high, or its investment structure is unclear, complex or unorthodox.
• Potential scam activity.

The webpage also details issues for trustees to consider where a member may have received unauthorised advice. Once trustees have identified their concerns, the FCA sets out the information which should be provided and the reporting process.