Pension Transfers
Best Practice | 21 Aug 17
UK to limit right to transfer pensions but will include Qrops
As part of its crackdown on pension scams, HM Treasury has confirmed that it will limit the statutory right to transfer but will extend the proposed criteria to include qualifying recognised overseas pension schemes (Qrops).
Best Practice | 17 Jul 17
UK pension transfer changes – what are the risks for advisers?
The FCA has proposed overhauling the rules for advising on DB to DC pension transfers. Rob Morris, partner at RPC, looks at the risks these changes create for financial advisers and their insurers.
Retirement | 12 Jul 17
Qrops ‘wide-open to mis-selling’ under FCA transfer reforms
The UK financial services regulator has “failed to deliver a working model” for overseas pension transfers, says industry expert Bethell Codrington, amid concerns the Financial Conduct Authority’s (FCA) planned overhaul leaves products such as Qrops “open to mis-selling”.
Retirement | 7 Jul 17
FCA orders yet another firm to cease pension transfers
UK advice firm Heather Dunne IFA (HDIFA) has been ordered by the Financial Conduct Authority (FCA) to stop proving advice on pension transfers making it the latest in a string of firms to be sanctioned under an industry-wide crackdown.
Retirement | 6 Jul 17
Selectapension suspends Qrops transfer service after FCA audit
A UK firm which writes third party Qrops transfer reports has suspended its defined benefit pension transfer business following an FCA audit.