Pension Transfers
Tax & Regulation | 26 Jan 17
HMRC loss in IHT case unlikely to change pension transfer rule
A court ruling against HM Revenue & Customs on a case about inheritance tax (IHT) is unlikely to change the current two-year exemption rule on pension transfers, said Rachael Griffin, financial planning expert at Old Mutual Wealth.
Retirement | 24 Jan 17
UK regulator fires warning shot at pension transfer firms
The Financial Conduct Authority (FCA) has issued a stark warning to firms advising on domestic and international pension transfers after reports that some clients are being scammed or their funds transferred into unsuitable investments.
Best Practice | 18 Jan 17
IoM issues pension transfer warning after rise in UK scams
The Isle of Man Financial Services Authority (IoMFSA) has advised residents to tread carefully when making decisions about transferring or investing their pensions, following a rise in scams in the UK.
United Kingdom | 9 Jan 17
UK court rules £75k pension transfer loan was liberation
A UK court has ruled that a £75,000 ($92,106, €87,429) loan taken out by a client to fund investments as part of a pension transfer was a form of pension liberation and should be subject to tax.
Retirement | 20 Dec 16
Providers cautious about abolishing Rops ‘advice safeguard’
Providers of recognised overseas pension schemes (Rops) have voiced concerns over the UK’s plan to scrap the advice safeguard for expats, with some arguing that the move may create a “consumer protection gap”.