I have the following:
ghostscript-fonts-5.50-24 ImageMagick-6.7.2-1 ghostscript-9.02-1
Which I use to create a series of JPGs for each page usi
Simple fix to this issue is to use an image format that supports transparency, such as png.
So:
convert -density 175 -colorspace sRGB test.pdf -resize 50% -quality 95 test.png
Problem solved :)