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DWP

UK mulls scrapping advice rule for overseas pension transfers

Best Practice | 3 Oct 16

UK mulls scrapping advice rule for overseas pension transfers

The UK’s Department for Work and Pensions (DWP) is considering whether to scrap the ‘advice safeguard’ for expats, which requires individuals to consult an FCA-regulated adviser before they can transfer their defined benefit (DB) pension savings into an overseas pension scheme.

Altmann quits as UK pension minister, calls for more reform

Tax & Regulation | 18 Jul 16

Altmann quits as UK pension minister, calls for more reform

Ros Altmann has stepped down as UK pensions minister with a call for the new British government led by Theresa May to address some of the major policy reforms needed to ensure pensions meet the challenges facing retirees in the future.

UK launches website to trace £400m in unclaimed pensions

Retirement | 10 May 16

UK launches website to trace £400m in unclaimed pensions

The UK’s Department for Work and Pensions (DWP) has launched a new pension tracing website to help savers track down lost or forgotten retirement pots.

Clearer pension fund costs needed, says UK Consumer Panel

Retirement | 4 Mar 16

Clearer pension fund costs needed, says UK Consumer Panel

Pension fund costs and charges look set to become more transparent following a new reporting standard proposed by the UK’s Financial Services Consumer Panel (FSCP) on Friday.

Overseas pension transfers challenging for int’l advisers

Tax & Regulation | 13 Jan 16

Overseas pension transfers challenging for int’l advisers

There would be widespread support from international advisers for the UK’s Department for Work and Pensions (DWP) to reassess changes to overseas pension transfers, according to research from Old Mutual International (OMI).

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Published by Money Map Media – part of G&M Media Ltd Copyright (c) 2024.

International Adviser covers the global intermediary market that uses cross-border insurance, investments, banking and pension products on behalf of their high-net-worth clients. No news, articles or content may be reproduced in part or in full without express permission of International Adviser.