Ive said it before, Simply reseting all faction points to 0 every few weeks would fix alot of problems with factions. I remember when factions were revamped a few years ago i was one of the top ranked, and had only like 200 points haha (mainly from stealing / gaurding sigils, cause the sigil thieves had the highest points then)
Anyway, yeah it is outdated. All the points should be wiped, and you shouldnt be able to transfer them.