Pension scam warning ‘flags’ have climbed to their highest level in nine months, according to an update from pensions consulting and administration business XPS.

Pension schemes are in favour of the Labour government introducing tax incentives to increase pension investment in UK growth, according to a new survey.

Pensions consulting and administration business XPS Pensions Group has promoted 147 people, including 11 new partners, across its actuarial, pensions, investment, covenant, administration and SIPP businesses.

The end of 2023 saw the rate of people transferring out of their DB pension fall to a five-year low, research from pensions consultancy XPS Pensions Group found.