Five tips to consider when using an overseas pension

Five tips to consider when using an overseas pension...Lock icon

Given the recent dramatic changes to rules governing overseas pension transfers, Martin Hall, the director of Isle of Man-based pension provider Optimus, gives his tips on what to consider when using an international pension scheme.

Published : 28, Apr 2017
Top challenges facing advisers in the UAE

Top challenges facing advisers in the UAELock icon

Advisers working in the Middle East can no longer afford to be a “one-trick pony”, says Phil Story, SEO and head of distribution for EMEA at Investors Trust Assurance, as he urges them to focus on “holistic financial planning” to boost their income stream.

Published : 27, Apr 2017
Qrops ‘fire sale’ averted as reforms survive Finance Bill cull

Qrops ‘fire sale’ averted as reforms survive Finance...Lock icon

Reforms overhauling overseas pension transfers may have survived the UK government’s wide-ranging cull of the Finance Bill in a bid to avoid a “fire sale” of Qrops, according to Rachael Griffin, financial planning expert at Old Mutual Wealth.

Published : 26, Apr 2017
Pension freedom withdrawals break through £10bn barrier

Pension freedom withdrawals break through £10bn...

UK consumers withdrew £10.8bn ($13.8bn, €12.7bn) from their pensions during the first two years of the pension freedoms.

Published : 26, Apr 2017
Zurich on how to become a millionaire by 65

Zurich on how to become a millionaire by 65Lock icon

Starting early with pension saving and using the benefits of compound interest is one of the best ways to ensure you become a millionaire by 65, says Amrita Seth, head of marketing at Zurich International Life.

Published : 26, Apr 2017
UK ombudsman blasts Sipp transfer into Ukrainian property fund

UK ombudsman blasts Sipp transfer into Ukrainian...Lock icon

A UK investment firm provided a client with “unsuitable advice” after recommending he invest nearly £50,000 (€58,937, $63,995) of his savings in an unregulated Ukrainian property scheme that later ran into trouble.

Published : 25, Apr 2017
How the Qrops levy will impact UAE pension planning

How the Qrops levy will impact UAE pension planning...Lock icon

Old Mutual Wealth’s David Denton talks about how the shock 25% Qrops charge imposed by the UK last month will affect retirement planning in the UAE.

Published : 24, Apr 2017
Qrops cull expected in shock second suspension of UK list

Qrops cull expected in shock second suspension...Lock icon

HM Revenue & Customs is to temporarily suspend its list of qualifying recognised overseas pension schemes (Qrops) for a second time on 2 June, signalling a further cull amid a drastic overhaul of overseas pension transfers.

Published : 21, Apr 2017
UK to delay ban on pension cold calling amid snap election

UK to delay ban on pension cold calling amid snap...

The UK government could delay introducing a ban on pension cold calling after British prime minister Theresa May called a snap election for 8 June, according to investment platform AJ Bell.

Published : 20, Apr 2017
Momentum Pensions launches property Sipp

Momentum Pensions launches property Sipp

Malta-headquartered Momentum Pensions has launched a property Sipp product aimed at tackling the “lack of transparency in the property purchase market”.

Published : 19, Apr 2017
Nine countries dropped as Qrops list culled by 30%

Nine countries dropped as Qrops list culled by...Lock icon

Nine countries were dropped and one added when HM Revenue & Customs updated its list of qualifying recognised overseas pension schemes (Qrops) on Tuesday after it was temporarily suspended following drastic changes to overseas pension transfers.

Published : 18, Apr 2017
UK regulator to target pension ‘decumulation’ market

UK regulator to target pension ‘decumulation’...Lock icon

The UK’s financial regulator plans to put a greater focus on the drawdown phase of the pensions market in the current financial year, and has promised to do more to tackle pension scams.

Published : 18, Apr 2017
Revisiting retirement plans after the Qrops tax bombshell

Revisiting retirement plans after the Qrops tax...

Chancellor Philip Hammond’s Spring Budget contained a game-changing announcement in relation to UK pension transfers to overseas schemes, says Brendhan Harper, head of technical services at Friends Provident International.

Published : 17, Apr 2017
UK pension transfer risks rise for investors and advisers

UK pension transfer risks rise for investors and...Lock icon

The sharp increase in people transferring out of defined benefit (DB) pension schemes poses risks for investors and the industry, says Tom McPhail, head of policy at Hargreaves Lansdown. His warning comes as the UK’s pension transfer industry remains under close regulatory scrutiny.

Published : 12, Apr 2017
Boal & Co signals move away from Asia in Malta Qrops debut

Boal & Co signals move away from Asia in Malta...Lock icon

Isle of Man-headquartered Boal & Co has launched its first Malta-based Qrops as part of a strategic shift of marketing these schemes away from the Asia region.

Published : 10, Apr 2017
IVCM on why Australia is still a ‘huge market’ for Qrops

IVCM on why Australia is still a ‘huge market’...Lock icon

IVCM’s Cameron Law talks about how British expats retiring to Australia and New Zealand can still transfer their UK pensions into a qualifying recognised overseas pension schemes (Qrops) without incurring the UK's new 25% tax charge.

Published : 10, Apr 2017
Harbour Pensions sees Qrops rise in EEA market despite 25% tax

Harbour Pensions sees Qrops rise in EEA market...

Malta-based Harbour Pensions is predicting “increased interest” in the European Economic Area (EEA) Qrops market after forging a renewed partnership with the Federation of European Independent Financial Advisers (Feifa).

Published : 10, Apr 2017
UK IFA banned over advice to invest £12m in store pods

UK IFA banned over advice to invest £12m in store...

A former UK adviser has been banned from being a director for nine years after his now collapsed IFA firm gave advice to over 300 clients to invest £12m (€14m, $14.8m) in unregulated investments in storage units.

Published : 10, Apr 2017
Sipp provider Liberty reports massive 87% rise in assets

Sipp provider Liberty reports massive 87% rise...Lock icon

Liberty Sipp, a UK provider of self-invested personal pension schemes (Sipps), has increased its assets under management by an astonishing 87% over the last year.

Published : 7, Apr 2017
Dubai advisers share challenges facing retirement planning

Dubai advisers share challenges facing retirement...Lock icon

From the new Qrops tax charge in the UK to the growing international mobility of clients, financial advisers in Dubai give their views on the challenges they face in helping clients plan for their retirement.

Published : 5, Apr 2017

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