Retirement
Retirement | 24 Nov 16
Industry divided on planned UK overhaul of overseas pensions
The UK government’s plans to change the way overseas pension schemes are approved and taxed have been met with a mixed response from the financial services industry, with some advisers welcoming the move while others believe it will make foreign pensions increasingly complex and unattractive.
Retirement | 23 Nov 16
UK announces sweeping reforms to Rops
The UK government has announced a major overhaul to the way recognised overseas pension schemes (Rops) are taxed, bringing the products in line with UK pensions.
Retirement | 18 Nov 16
UK savers over-50 reveal ‘bonkers’ use of pension freedoms
Almost a quarter of over-50s in the UK plan to cash in their pension even after withdrawing their 25% tax-free lump sum, accord to a survey by Retirement Advantage.
North America | 15 Nov 16
HMRC removes Canadian Rops from overseas pension list
HM Revenue & Customs has scrapped nearly a hundred Canadian recognised overseas pension schemes (Rops) from its pre-approved list, in line with a similar move suspending Australian transfers last year.
Middle East | 15 Nov 16
Praemium sets up int’l pension unit headed by Mark Sanderson
Former Brooklands Pensions chief operating officer Mark Sanderson is to spearhead the development of Praemium’s retirement business in the Middle East and other key expat markets.