Retirement
Best Practice | 18 Jan 17
IoM issues pension transfer warning after rise in UK scams
The Isle of Man Financial Services Authority (IoMFSA) has advised residents to tread carefully when making decisions about transferring or investing their pensions, following a rise in scams in the UK.
Retirement | 11 Jan 17
Guaranteed retirement income products may not be worth it
Retirement income products with guarantees, offered by many life companies in the UK as an alternative to the old fashioned annuity, do not offer value for money in most cases, according to a study by Milliman, an international consultancy group.
Retirement | 20 Dec 16
Providers cautious about abolishing Rops ‘advice safeguard’
Providers of recognised overseas pension schemes (Rops) have voiced concerns over the UK’s plan to scrap the advice safeguard for expats, with some arguing that the move may create a “consumer protection gap”.
Retirement | 15 Dec 16
Providers voice concerns on limits to UK pension transfers
The UK government’s plans to tighten rules on transferring money out of pensions to tackle widespread fraud, has been described as “anti-consumer” by Rops provider Momentum Pensions, which warns the move will unfairly restrict transfers to overseas pensions.
JTC adds Rop scheme to Malta service range
Jersey-headquartered JTC has launched a recognised overseas pension scheme (Rops) aimed at supporting UK expatriates globally through its operation in Malta.