By International Adviser, 26 Apr 17
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.
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.
He called for a period of “consolidation in the pensions industry” to allow for providers to absorb the new measures.
“Despite the introduction of this immediate measure, and the short-term suspension of the Qrops list, the market is now settling down, and we feel it is imperative that we have a period of consolidation within the pensions industry, to allow these changes to be absorbed ahead of any additional measures,” he told IA
Tags: Qrops
