John Batty
Best Practice | 22 Aug 17
Qrops transfer rights secured but specialist advice essential
The UK government’s decision to make pension transfers into recognised overseas schemes a statutory right has been welcomed by the industry, but experts caution that advisers will need real expertise to ensure clients don’t fall victim to scams.
Qrops market suffers big hit, further falls expected
The number of Qrops transfers in the last financial year dropped to the lowest level since 2010/11 and is expected to fall further on the back of the UK Government’s 25% charge, as the amount of money accessed via the pensions freedoms hits a record high.
Best Practice | 4 Oct 16
Industry divided on UK plans to relax pension transfer rules
The UK government’s plans to potentially scrap the current ‘advice safeguard’ on some overseas pension transfers has met with a mixed response from the financial services industry, with some experts welcoming the move while others believe it will put consumers at risk of being targeted by fraudsters.
Malta QROPS to receive full flexibility
QROPS domiciled in Malta will benefit from the full flexibility which is to be afforded to UK pensions, after a change to local pension legislation.
momentum pensions to begin offering intl pensions
Momentum Pensions the multi-jurisdictional pensions provider with offices in the Isle of Man and Malta is to open an office in Gibraltar and launch an international pensions business there.