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.

XPS Pensions Group, the actuarial, consulting and admin business, is to acquire the business and key assets of Manchester-based SIPP and SSAS provider Michael J Field Consulting Actuaries for £3.75m. 

Falling gilt yields pushed DB transfer values to a new record high of £265,200 on 28 October.